A deal to sell the broker-dealer outright or to attract a large private equity investor is anticipated by year-end.
Deal is proof positive that online advice platforms will need human advisers to offer a full menu of financial planning services.
Organization wants to strengthen its lobbying punch to counter the likes of NAIFA and others that oppose a clients' best interests rule.
One three-man team had $270M in assets, while a fourth individual joining separately had $155M.
Though top officials are keeping mum, industry executives say prospective buyers have been kicking the tires on this indie brokerage with 739 affiliated registered reps and advisers.
<i>Breakfast with Benjamin</i>: Gold jumps, with futures up more than 1% even as riskier assets like stocks find reasons to rally.
<i>Breakfast with Benjamin</i>: The financial markets are likely to be swept up in the immediate unrest following Friday's terror attacks in Paris.
Markets are expected to experience some immediate, but short-term, volatility if the Federal Reserve decides to raise interest rates in December.
<i>Breakfast with Benjamin</i>: Nation's largest public pension fund trims its real estate holdings with a $3B sale.
Economic modeling shows voluntary enrollment 401(k) plans provided better opportunity for achieving an 80% salary replacement ratio than DB plans for three of four income categories.
Firms pull the plug after Massachusetts <a href="//www.investmentnews.com/article/20151112/FREE/151119971/massachusetts-galvin-charges-realty-capital-securities-with-proxy"" target=""_blank"" rel="noopener noreferrer">charges RCS Capital with fraudulently rounding up proxy votes</a> to support real estate deals sponsored by AR Capital.
<i>Breakfast with Benjamin:</i> Ground Control to Major Yellen. Commencing countdown, engines on. The Fed's October meeting minutes stress a potential December liftoff for rates.
Fix the exam frequency issue before investors are harmed, the reputation of the RIA industry is tarnished and Washington imposes a solution not of our choosing
Advisers will need to stay current during the evolution of this new retail-level private equity market
Alexey Sokolin sees possible applications for cryptocurrencies, image recognition in adviser space
<i>Breakfast with Benjamin:</i> After the big IRS data breach, few people probably trust the agency regarding data security. Nonetheless, it's offered a checklist of ways to avoid becoming a tax-scam victim.
This retirement-savings metric may be luring Americans into a false sense of security.
Although delaying retirement helps financial readiness, it can't be a safety net for everyone.
Big firms target next year to join robo ranks, look to differentiate as market becomes crowded.
Insured Retirement Institute offers four pieces of advice to clients retiring on fumes.
