"The impact of these intended changes will be largely offset with the expected gains from the repricing of our investment portfolio," says Morgan Stanley executive.
App is playing an outsized role in advisor communications and it’s not just the hefty fines that have firms worried
"Do these disclosure issues and conflicts at Wells Fargo also exist at peers," one industry executive asked.
"FiNet has made very noticeable increases in support staffing to practices," said one industry source.
"I wanted it to end," said former senior GPB executive on Thursday.
'Schwab makes ton of money on its cash, and more financial advisors means more cash,' one executive says.
'A huge pull is the massive amount of money that private equity firms are offering the owners of these OSJs,' says one industry executive.
May was a particularly tough month for nontraded REITs.
"A broker admitting that he has been ripping off clients for 17 years is beyond troubling," said one attorney.
"Nobody knows what’s happening internally in these pooled funds at the retail level," said one plaintiff's attorney.
