With the acquisition of Trust Company of America, the discount broker hopes to get closer to financial advisers and keep more customer assets on its platform
As revenue growth dips and salaries rise, nearly 90% of firms are at or near capacity.
Half of advice firms have no formal guidance for client service.
The CFA is calling on regulators to investigate whether brokers are moving clients to higher-cost, fee-based accounts, which it says would be a violation of the DOL rule.
Miami-based Marc Shachtman launches True Wealth Advisory Group.
Executive who rose up at Morgan Stanley also juggles his old job at Fidelity until a replacement is found.
The regulatory attorney and chairman of the Securities Practice Group gave a typically candid speech about SEC exams at the Raymond James Wealth Managers Conference.
Service members could use more financial advice, but their need is often unmet because lower assets make them unattractive clients to some advisers.
