Broker-dealer also agreed to pay $950,000 as part of a settlement with Finra over allegations of improper sales of unregistered penny stocks and anti-money-laundering supervisory lapses.
The hires are part of the firm's broader plans to seek out high-quality financial advisers.
After a disappointing 2014, intermediate-term bond managers have found their footing.
Administrative law judge rules against the agency in closely watched case over disclosure of Fidelity payments for mutual fund sales.
Institutional Intelligent Portfolios compels advisers to keep at least 4% cash allocation, offers platform for 10 bps.
Defining the profession's standard of care, and making sure advisers meet it, is in everyone's best interests and doesn't require action by regulators
On today's <i>Breakfast with Benjamin</i>, the market's reaction to a repeal of Obamacare might not be pretty. Plus: Financial advisers take on defined contribution plans, cheap oil uncovers driller debt burdens, and Kraft Foods gets (Cadbury Crème) Egg on its face.
At Morningstar conference, the former Merrill Lynch boss said gender pay gap is a key obstacle to retirement savings.
But proponents look to the history of the fight to maintain optimism.
Both chambers move to derail president's call for a best-interest standard for retirement accounts.
Holds up online-advice provider as exemplar of low-cost, fiduciary advice.
Mark Johannessen says firms need to help each staff member grow and feel respected as a professional. Here's how he does it.
Wells Fargo survey points to client advice preferences, as well as their biggest financial concerns.
Develop a strategy to navigate family financial dynamics and protect retirement savings.
Advisers also worry about attracting new clients in the future, survey shows
The United Capital chief recounts the lessons he's learned from running with the bulls in Pamplona over the past four decades.
Greece shows how bad decisions can add up to create a nightmare.
<i>Breakfast with Benjamin:</i> Male financial advisers still can't find a way to fully communicate with the female half of client couples. Here's why.
Great-West CEO Reynolds, Chamber of Commerce warn rule will hurt investors, advisers.
