The firm will no longer factor in the trailing 12-month revenue of individual advisors within a practice but rather take into account the entire team’s T-12 revenue.
December 6, 2019
FA-IQ analyzed custodian data from the 2019 Financial Times Top 300 RIAs.
Cost of Regulation Best Interest prep is nearing eight figures for some firms, the group’s CEO says.
Todd Hamilton and Robert Thompson previously managed $330 million.
The estate of Kenny Mitchel, the hotel worker who died after a struggle with UBS advisor Scott Hapgood, is seeking damages of more than $75,000.
Advisors on two of LPL’s platforms will have access to no-transaction-fee trading in ETFs from State Street Global Advisors, Invesco and WisdomTree.
Lester Burroughs also has 14 customer complaints related to insurance policies and annuities.
The amended rules would impose sanctions on broker-dealers and investment advisors failing to uphold their fiduciary duty.
They use it three times as much as other advisors.
Advisors attending conferences are often hundreds of miles from their children, grandchildren and fur babies. Stuffed animal swag captures the attention of advisors looking for something to bring back to their kids and pets, industry pros say. Plus, mascots help firms tell their stories in a memorable way, they say.