Robert W. Baird & Co. Inc. and the Financial Industry Regulatory Authority Inc. said Monday that they had reached a settlement in which Baird pays clients close to $520,000 in restitution for the firm’s failure over a six-year period to give clients certain sales charge waivers and fee rebates...
A team of advisors who managed $225 million in client assets at United Planners Financial Services has joined LPL Financial’s broker-dealer, RIA and custodial platforms, the firm announced Monday. GER Loftin Wealth Advisors is based in Johns Creek, Georgia, and led by James Loftin, an Air Force veteran, and George...
As the famous quote goes, nothing is certain in life except death and taxes. Carolyn McClanahan, founder of Life Planning Partners, knows both intimately, having started out as an emergency room physician. “Now, nothing seems as challenging as that,” she says. That’s not to say, of course, that death never...
From head count to AUM and board members, there are a multitude of ways to measure the progress of women in the wealth management business. Karen Altfest, executive vice president of Altfest Personal Wealth Management, has her own proprietary method for calculating female advancement in the financial advisory industry. She counts...
The InvestmentNews 2023 Women to Watch Awards celebrate excellence and the women who are making a difference in our industry. On Tuesday, Nov. 7, at Tribeca 360 in New York City, top advisors, rising stars and leaders shaping the wealth management space will come together to recognize each Learn more...
The InvestmentNews 2023 Women to Watch Awards celebrate excellence and the women who are making a difference in our industry. On Tuesday, Nov. 7, at Tribeca 360 in New York City, top advisors, rising stars and leaders shaping the wealth management space will come together to recognize each other’s talents...
The InvestmentNews 2023 Women to Watch Awards celebrate excellence and the women who are making a difference in our industry. On Tuesday, Nov. 7, at Tribeca 360 in New York City, top advisors, rising stars and leaders shaping the wealth management space will come together to recognize each other’s talents...
When Rita Robbins was an operations manager at a Paine Webber branch on Long Island in the 1980s, the firm held staff meetings at a country club that didn’t admit women. No one seemed to care except her. Fast forward about 40 years, and Robbins, who has been named the...
President Biden rarely talks about financial advisors directly. By our count, recent presidents have done so on average once a decade. So when financial advice is the sole reason he’s on the podium, we naturally devour every word. Last week, Biden introduced a Department of Labor rule proposal that would require more...
Charles Schwab’s much-anticipated transition in September for independent advisors from TD Ameritrade’s custodial system reportedly went off without a hitch — but not everyone is happy with the change. It’s been two months since the big move to Schwab Advisor Services — involving 3.6 million accounts among about 7,000 RIAs...