In the wake of Fisher Investments deal chatter, 2024 will likely be studded with significant transactions involving registered investment advisors.
As the migration to independent broker-dealers and RIAs continues, concerns about the Big Four’s compensation plans may be contributing to the outflow.
'We’ve made significant investments the last few years across our franchise to better serve our customers, and help drive growth,' says Wells CFO Mike Santomassimo.
'Financial advisors don’t understand bitcoin,' one senior executive notes. 'It's a disaster waiting to happen.'
Finra reveals it's keeping tabs on salespeople and financial advisors who are involved in the marketing and sale of digital assets.
Total compensation for the IBD's CEO hit $34.9 million in the company's fiscal year ended Sept. 30.
'Apparently, he doesn't want private equity money,' source says of the 73-year-old executive chairman of Fisher Investments.
Finra hits LPL, Interactive Brokers with fines as 2023 closes.
But what will the ultimate asking price for Osaic be as the firm moves toward an IPO?
Louis Goff and others had been charged with raising $2.1 million from investors in a fraud from 2019 and 2020.
