Investors have pressed courts to approve class actions over reverse churning allegations, but plaintiffs’ lawyers predict they will likely fail.
February 13, 2020
John Bahnken, president of Citizens Bank Wealth Management, talks about how the acquisition of Clarfeld Financial Advisors has allowed the firm to offer clients "loan lending, deposits and investments, all wrapped in advice."
An Illinois federal court found that David Goulding helped his firm, The Nutmeg Group, misappropriate client funds.
The company began a pilot program two years ago with one wholesaler but earlier this year added five more.
Fountain Financial Associates’ five advisors managed $654 million.
A new report from Refinitiv and the Aite Group suggests advisors aren’t prepared for the next generation of wealth management clients.