LPL Financial has attracted an advisor with around $230 million in advisory, brokerage and retirement plan assets to its broker-dealer, RIA, and custodial platforms. Blake Mier of Mier Financial, based in Bloomington, Illinois, was previously with Wells Fargo Advisors Financial Network but decided to make the switch to gain greater...
Bankoh Investment Services Inc., the broker-dealer subsidiary of $23.5 billion Bank of Hawaii, has announced a multiyear secondary clearing arrangement with Attria Wealth Solutions subsidiary Sorrento Pacific Financial. The pass-through arrangement will enable BISI clients to access Clear1, givin Learn more about reprints and licensing for this article.
The third quarter of 2023 saw $111 billion of cash flows into US-domiciled exchange-traded funds with equity ETFs leading investor interest with almost $80 billion even as domestic equities fell 3.3%. But according to the latest ETF Perspectives report from Vanguard, ETF assets declined overall b Learn more about reprints and...
Living life at least partly online is a fact of modern living, but while the youngest Americans are typically tech-savvy with high levels of digital literacy, the oldest cohort is more vulnerable to cybercrimes. New data from personal data removal firm Incogni reveals that over 60s lost $3.1 bill Learn more...
Market maker and alternative asset manager Abacus Life is expanding into financial planning with the launch of a new wealth division to support its secondary insurance market clients. The firm has partnered with Dynasty Financial Partners for its ABL Wealth offering, which will help clients to un Learn more about reprints...
The large share of U.S. consumers who have an individual retirement account but have balances that make retaining the services of an advisor unrealistic are the focus of a new solution. Morningstar Investment Management and Envestnet plan to launch a managed accounts service that will provide per Learn more about reprints...
Park Avenue Capital announced a new president and chief operating officer Monday morning. Effective Jan. 1, Daniel McCoy will focus on operations, employment development, strategy, and execution at the firm, which is part of Northwestern Mutual’s exclusive Private Client Group, an elite team of advisors and firms focusing on the...
Institutional investors managing at least $100 million are facing some significant challenges in the current market and economic environments, but what are their main focuses? A survey of investment decision makers for endowments and foundations reveals weakened sentiment on portfolio performance with just 19% saying they are “very confident” in...
When it comes to managing family wealth, conversations between generations is generally considered a positive step, but not always. Discussing potential inheritance and planning how and when that should happen can help prepare heirs and avoid misunderstandings, with advisors seeing better outcomes for those that do, but a new study...
Dakota Wealth Management is to acquire a family-run practice in a deal which adds around $300 million to its AUM, taking it to near $4 billion. The independent investment management firm has agreed to acquire JMG Wealth Management Group, affiliated with Raymond James, which has offices in Mechanicsburg, Pennsylvania and...