Rosemont Financial Group, an Albany, New York hybrid managing $900 million, has switched its broker-dealer affiliation from Cambridge Investment Research Advisors to LPL Financial. Rosemont also will use LPL’s corporate RIA and LPL as its custodian.
Rosemont was created in 2010 and now consists of 11 financial advisers.
New chief executive Rich Steinmeier replaced Dan Arnold on October 1.
The global firm is navigating a crisis of confidence as an SEC and DOJ probe into its Western Asset Management business sparked a historic $37B exodus.
Beyond returns, asset managers have to elevate their relationship with digital applications and a multichannel strategy, says JD Power.
New survey finds varied levels of loyalty to advisors by generation.
Busy day for results, key data give markets concerns.
A great man died recently, but this did not make headlines. In fact, it barely even made the news. Maybe it’s because many have already mourned the departure of his greatest legacy: the 60/40 portfolio.
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