JPMorgan Chase & Co. has appointed global co-heads of mergers and acquisitions for its team catering to large private equity firms and other financial investors. Haidee Lee and Carsten Woehrn will co-lead M&A for the bank’s strategic investor group, according to an internal memo seen by Bloomberg News. The group,...
New standards for the global carbon offsets market threaten to wipe out “a lot” of value for investors, according to Lombard Odier. In an attempt to improve the quality of the $1.3 billion market for offsets, the Integrity Council for the Voluntary Carbon Market’s new guidelines require projects to include 40 years of emissions...
Now that the merger of the Charles Schwab Corp. and TD Ameritrade Holding Corp. is in the rearview mirror, Schwab is throwing more technology at the thousands of registered investment advisors who use the firm to custody close to $4 trillion in client assets. Over Labor Day weekend, 3.6...
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Looking back to when he started out, Sam Huszczo, founder of registered independent advisor SGH Wealth Management, said his ignorance was something of a superpower. His first job as a naïve 24-year-old two decades ago was at a commission-based firm where he was thrown, headfirst, into the race for clients....
A mother-son pair of financial advisors that managed $175 million in client assets at Cetera Advisor Networks has joined Equitable Holdings Inc., the firm announced Wednesday. Tamara Kukainis and Daniel Kukainis operate Schwartz Financial Services in Marlton, New Jersey, a firm founded by Tamara’s father, Julian Schwartz, in 1958, and...
Catherine Seeber says it’s a great time to be a financial advisor. “It’s the best job ever. I feel like I’m living my best life,” she said. “I get to help people and help them live their best life. It’s not all about the money. It’s not all about the...
We’ve all seen the heart-stopping headlines flooding our newsfeeds during recent years as we navigate a digital environment of constant information overload. The financial industry is not immune to the effects, but financial advisors can help ease client worries by deploying smart tactics that manage risk while decreasing volatility,...
When you’re the world’s largest asset manager, with close to $10 trillion AUM, you have to expect some highs and lows. BlackRock has been charged by the SEC for failing to accurately describe investments in the entertainment industry and has agreed to pay $2.5 million to settle the case. The...
LPL Financial’s employee advisor channel Linsco is opening a new office in Santa Barbara, California, after attracting a $200 million AUM advisor from Stifel. Financial advisor Tyler B. Powell has more than 15 years of industry experience and built his practice through networking and referrals, leading him to search for...