A monthly US jobs report due Friday may be the last to show solid hiring before a sharp slowdown, according to Bloomberg Economics. The report will probably show employers added 173,000 workers to payrolls in September, though figures due a month from now could show hiring plummeted to 100,000 in...
A Goldman Sachs Group Inc. platform for Wall Street clients riding the ETF boom has given birth to its first investment funds. Three exchange-traded strategies from Brandes Investments Partners began trading Thursday through the Goldman Sachs ETF Accelerator, according to a press release. Those are the first to launch through...
A handful of asset managers have been pulling the plug on ESG-themed funds they launched several years ago — a result they all but certainly knew was coming, as not every attempt to get a slice of that booming market was going to work. That hardly means that sustainable investing...
A trade association mostly made up of certified financial planners launched an initiative Thursday to add members from Ameriprise Financial, an outreach effort that has a fiduciary advocate questioning how the credential’s advice standard squares with a dually registered firm. The Financial Planning Association introduced a national membership program to...
Three advisors who were overseeing $800 million in client assets have affiliated with Arkadios Capital, the firm announced Thursday. Tripps Moog, who was an executive director at J.P. Morgan Securities, Hays Evans, who had been a senior vice president at Capitol Group, and Kendall Southerland, who had worked with Moog...
David Kowach, former head of Wells Fargo Advisors, and his new firm, &Partners, bought a broker-dealer in Nashville at the end of August. Now they’re hiring and recruiting financial advisors, with recent pickups from Edward Jones and Wells Fargo Advisors. Wendell E. Jones Jr. worked for Edward Jones for...
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...