A pair of advisors who had managed $390 million of client assets at Merrill Lynch moved to LPL Financial and its employee advisor channel, Linsco, the firm announced Thursday. Jared West and Sandy Brown are launching West Wealth Advisory Powered by LPL Financial in Fresno, California, where they will be...
Eight years ago, I was at a conference and one of the speakers said, “If you provide optimum service to your clients, you’ll have a 98% retention rate, but if you ignore them, it [only] drops to 94.” While there’s a dark truth to that statement, the flip side is...
An upcoming webinar will explore how to be a better advisor and “amplify your impact” across your business. The Advisor Insights Lab, hosted by InvestmentNews and sponsored by Thrivent Advisor Network, will bring together industry leaders from Thrivent Advisor Network, Mission Wealth, Parable Wealth Partners, Advent Partners, The American College...
Advisors from two separate firms are joining forces to launch a new office for Totus Wealth Management, which has been affiliated with Cetera since 2021. The metro Atlanta office brings together Raymond Bardoul and Brian Fox with a combined $327 million in assets under administration. Bardoul was previously with MML...
The 76 million who make up the youngest American adults have values and priorities that are very much their own and advisors hoping to engage with them will need to recognize this. A new study from Edward Jones reveals that those aged 18-34 are having a tough time right now...
BMO Financial has announced some leadership changes within its Capital Markets and Investment & Corporate Banking groups. The catalyst is the retirement of long-time CEO and group head of the Capital Markets business, Dan Barclay, who will step down from the role at the end of this month but will...
The forces underlying the Treasury debt market are extremely adverse as the US is on an unsustainable fiscal path, a senior International Monetary Fund official said. “US deficits are elevated and they’re projected to be persistent,” said Vitor Gaspar, director of the IMF’s Fiscal Affairs Department. “Under unchanged policies, debt...
Stock markets that have refused to buckle under the highest yields since 2007 face a new test. Third-quarter results will shine a light on how much those rates are already hitting profits — and what they’ll do to lofty equity valuations. As the earnings season kicks off, corporate managers will likely be...
Emerging-market stocks just crossed another grim milestone: They’ve tumbled to the lowest level in 36 years relative to US equities. MSCI Inc’s benchmark for developing-nation equities slipped to begin the week as Israel’s retaliation against attacks by Hamas sparked fears of a broader conflict between the US and Iran. That took...
The largest public pension fund in the U.S. is looking hire a new chief investment officer by early next year following the surprise resignation of its previous leader after less than 18 months on the job. The California Public Employees’ Retirement System is aiming to fill the CIO role by...