Financial Advisor Blog - Page 69 - Financial Advisor Transitions

Goldman Sachs To Eliminate Up To 4,000 Jobs

January 5th, 2023

As CEO David Solomon seeks to contain a slump in profit and revenue, Goldman Sachs Group Inc. plans to eliminate up to 4,000 jobs or 8% of its work...

FINRA Foundation Research Examines Changing Investor Demographic

January 4th, 2023

A new study by the Financial Industry Regulatory Authority's (FINRA) Investor Education Foundation (FINRA Foundation) reveals interesting facts abo...

SEC "Pump and Dump" Case Reveals How Scammers Dupe Investors

January 3rd, 2023

The Securities and Exchange Commission (SEC) has brought fraud charges against eight social media influencers accused of promoting languishing stoc...

15 Funds Destroying The Most Investor Wealth Over the Last Decade

January 2nd, 2023

Amy Arnott, a portfolio strategist for Morningstar Research Services, recently shared her analysis of the fifteen funds that have destroyed the mos...

LPL Boasts of its Employee Model Ambitions

December 22nd, 2022

LPL's employee channel, Linsco, launched three years ago, has grown into its own in 2022, and has successfully attracted roughly 25 teams, accordin...

Cetera Closes First Allied Securities

December 21st, 2022

First Allied Securities Inc., part of the Cetera Financial Group network of broker-dealers, has announced that it has closed.

Customized Index Strategy Could Hit $825 Billion in Four Years

December 20th, 2022

Cerulli Associates expects assets in direct indexing to climb to $825 billion by 2026 from roughly $462 billion today, according to a research pap...

Florida's Treasury Department Terminates BlackRock From Managing $2 Bill...

December 19th, 2022

The services of BlackRock, which managed $2 billion in the state's long-duration portfolio and its short-term investment fund, have been terminated...

UBS Steps Away From Plan to Serve Broader Segment of Affluent Customers

December 16th, 2022

After abandoning a deal to acquire Wealthfront, UBS Group AG now will focus solely on the high-net-worth and ultra-high-net-worth US clients, there...

Former Morgan Stanley Steward Advisor Suspended Over Undisclosed Role

December 15th, 2022

Todd Michael Seymour was issued a $5,000 fine and a two-month suspension by the Financial Industry Regulatory Authority (FINRA).