Financial Advisor Blog - Page 75 - Financial Advisor Transitions

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).

Wells Fargo Advisors Bring Together Separate Markets in New England Region

December 14th, 2022

As Wells Fargo Advisors continues to streamline its field leadership structure, it is combining four markets in its New England region under one le...

Credit Suisse Warns of $1.6 Billion Loss

December 13th, 2022

After some customers pulled their investments and deposits, Credit Suisse Group AG warned that it would lose around $1.6 billion in the fourth quar...

Moody's Investors Services Upgrades LPL's Debt to Investment Grade

December 12th, 2022

Moody's Investors Services recently has upgraded bonds backed by LPL Financial Holdings to investment grade from junk. Moody's gave LPL's senior un...

Firms With the Most Female Advisors According To Financial Planning's IB...

December 9th, 2022

Data rankings compiled through Financial Planning's annual IBD Elite study show that the share of women financial planners remains around 25 percent.

Commonwealth Invests In Advisory Firms

December 8th, 2022

Commonwealth Financial Network is introducing an effort to buy minority stakes in advisory firms that utilize its brokerage and registered investme...