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Wells Fargo team managing $295 million jumps to LPL
NEWS BROKER DEALERS AUG 31, 2021
Wells Fargo team managing $295 million jumps to LPL

Allison Taylor leads the all-female group in Huntington Beach, California.

Average fund expense ratio now 0.41%, Morningstar finds
RETIREMENT RETIREMENT PLANNING AUG 27, 2021
Average fund expense ratio now 0.41%, Morningstar finds

The average expense ratio on funds last year was less than half of what it was in 2000, according to Morningstar's annual study of fund fees.

A father-son $500 million duo at Merrill Lynch moves to RBC
YOUR PRACTICE PRACTICE MANAGEMENT AUG 27, 2021
A father-son $500 million duo at Merrill Lynch moves to RBC

John and Ryan Birkhauser and their team are based in Lake Forest, Illinois.

Captrust acquires Chicago RIA Ellwood Associates
RETIREMENT RETIREMENT PLANNING AUG 26, 2021
Captrust acquires Chicago RIA Ellwood Associates

The deal for Ellwood, which oversees $85 billion in assets, will expand Captrust's services for endowments and foundations.

Barbara Roper to serve as senior adviser to SEC chair
NEWS REGULATION AND LEGISLATION AUG 25, 2021
Barbara Roper to serve as senior adviser to SEC chair

Gary Gensler calls consumer advocate Roper 'a champion for investors'; she has worked for 35 years at the Consumer Federation of America.

More businesses plan to increase employee benefits
RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 25, 2021
More businesses plan to increase employee benefits

Telehealth was the benefit that the most firms plan to increase, while 60% of those surveyed currently offer financial wellness.

SEC obtains emergency relief to stop $110 million Ponzi scheme
NEWS RIAS AUG 25, 2021
SEC obtains emergency relief to stop $110 million Ponzi scheme

Federal court freezes the assets of Marietta, Georgia, registered investment adviser John Woods.

Wells Fargo duo managing $235 million go indie
NEWS BROKER DEALERS AUG 25, 2021
Wells Fargo duo managing $235 million go indie

The two advisers are affiliating with LPL Financial through its service for breakaway brokers.

Skip Schweiss named CEO at Sierra Group
YOUR PRACTICE PRACTICE MANAGEMENT AUG 24, 2021
Skip Schweiss named CEO at Sierra Group

Schweiss stepped down as president of TD Ameritrade Trust Co. and managing director of advisor advocacy in 2020, after 12 years with the company.

Covid cost employers $4.7 billion a week in lost productivity
RETIREMENT RETIREMENT PLANNING AUG 24, 2021
Covid cost employers $4.7 billion a week in lost productivity

Workers want better health care benefits once the pandemic is over, according to a survey by BrightPlan.