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InvestmentNews
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Wells Fargo to freeze raises for high earners
YOUR PRACTICE PRACTICE MANAGEMENT NOV 05, 2020
Wells Fargo to freeze raises for high earners

The bank plans to halt increases in base pay in the coming year for employees earning more than $150,000

SEC charges phony New Jersey adviser with $5 million fraud
NEWS REGULATION AND LEGISLATION NOV 04, 2020
SEC charges phony New Jersey adviser with $5 million fraud

Terrence Chalk allegedly ran a Ponzi-like scheme that promised 12% annual returns

Super OSJ overseeing $975 million shifts to Royal Alliance from Penn Mutual
YOUR PRACTICE PRACTICE MANAGEMENT NOV 03, 2020
Super OSJ overseeing $975 million shifts to Royal Alliance from Penn Mutual

Pacific Capital Resource Group, based in Bellevue, Washington, supervises 40 reps

Family trio managing $200 million at Wells Fargo goes indie with LPL
NEWS BROKER DEALERS NOV 03, 2020
Family trio managing $200 million at Wells Fargo goes indie with LPL

Trilith Wealth Management maintains offices in West Virginia and Florida

Italian asset manager Azimut takes stake in Sanctuary
NEWS RIAS NOV 02, 2020
Italian asset manager Azimut takes stake in Sanctuary

The investment will fuel Sanctuary’s plans to acquire more advisory firms

Eaton Vance completes takeover of $2.3 billion WaterOak
NEWS RIAS NOV 02, 2020
Eaton Vance completes takeover of $2.3 billion WaterOak

Assets of the Florida-based RIA were acquired by Eaton Vance Investment Counsel

Two New York hybrids merge, creating $2 billion firm
NEWS INDUSTRY NEWS NOV 02, 2020
Two New York hybrids merge, creating $2 billion firm

Bernard Herold and Lantern Investments combine to form Herold & Lantern Investments

Vestor Capital to acquire local RIA managing $209 million
NEWS RIAS NOV 02, 2020
Vestor Capital to acquire local RIA managing $209 million

Focus Financial arranged the transaction for Vestor, a partner firm

Would a Democratic election impact financial regulations?
THE INVESTMENTNEWS PODCAST NOV 02, 2020
Would a Democratic election impact financial regulations?

If Democrats win the 2020 election, how will financial regulations be affected?

Advisers can’t always rely on market performance
NEWS RIAS NOV 02, 2020
Advisers can’t always rely on market performance

Volatility is quickly becoming a way of life post-pandemic, and the rally of the past decade may be giving way to a new era of market turbulence