A team of advisors who oversaw roughly $150 million in client assets at Securities America, a unit of Osaic, joined LPL Financial’s broker-dealer, RIA and custodial platforms, the firm announced Thursday. Sacramento, California-based Bradford Capital Group includes Chris Bradford, its founder and managing director, along with Dave Meagher and operations...
Two teams that collectively managed about $1.7 billion in client assets at Bernstein Private Wealth Management are joining UBS, the firm announced Thursday. Charles Lynch leads one team, which includes senior wealth strategy associate Frank Ruggiano. According to his BrokerCheck report, Lynch had been affiliated with Bernstein since 2007. He works...
Those who don’t have a certified financial planner may want to consider getting one. A study released Wednesday by the Financial Planning Standards Board found that people who work with a certified financial planner enjoy life more, have a better understanding of their finances and are also more confident...
Hybrid RIA and broker-dealer firm Snowden Lane Partners has added a former duo from UBS to its New York office. The $200 million team includes Benny Torres Sanchez who will serve as senior partner and managing director and Claudia P. Carmona who will serve as vice president and senior registered...
The dollar fell against all of its major peers before pivotal US payroll data due Friday, but strategists say the pullback may just be temporary. Bloomberg’s gauge of the US currency slipped for a second day after climbing to a 10-month high on Wednesday. The greenback turned lower as falling...
Norway’s oil and gas is helping to fuel the nascent recovery in US initial public offerings. Norges Bank Investment Management, the country’s $1.4 trillion wealth fund, was among three cornerstone investors touted by German sandal maker Birkenstock Holding Ltd. on Monday as it kicked off its $1.6 billion IPO roadshow. Together, these...
Citigroup Inc. raised its growth forecast for China to 5% this year, as promising data helps build consensus around the nation’s ability to achieve its official government target. Retail sales and industrial production may improve, the economists wrote Wednesday, adding that the nation’s export contraction could also narrow after official...
Global headwinds and expensive stock valuations necessitate a cautious approach toward Indian equities in the short term as the country prepares for next year’s national elections, according to Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar)...
Milan has become a mecca for the wealthy, but the downside of that shift is starting to show. While rich new residents bring tax revenue and create jobs in the city, they’re also contributing to higher costs of living, widening the city’s gap with the rest of Italy. Housing prices...
While Cetera Holdings is trying to make the 3,100 financial advisors at Avantax Inc. comfortable as Cetera works to close its acquisition of the tax-focused firm by the end of the year, it looks as if very few will get a New Year’s gift in the form of “transition...