Reuters reported on Friday that the genetic testing company 23 and I has agreed to pay a $30 million settlement after a hack exposed the personal information of 6.9 million customers on the dark web. The company will also pay for three years of security monitoring for affected customers. The class action lawsuit alleged that…
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A trio of advisers with about $1 billion in client assets under management are giving up their LPL affiliation to join Raymond James through the firm's independent channel. Utah-based Jaden Gurney, Trevor Hanson and Jonathan Rogers moved from Zions Bank and LPL to Raymond James Financial Services, one of several advisor/team moves announced Monday. Related:…
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Apple's iPhones have been criticized for existing within a “walled garden” and commands a high price in exchange for entry. And while the big tech companies are competing with the latest smartphones from companies like GoogleApple and Samsungthere may be competition from an unexpected place: “dumbness.” These phones, which are usually stripped back to basics…
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The convergence of wealth, pension and workplace benefits is exposing the strengths and weaknesses of the defined contribution system. At its core, convergence has the potential to pit advisors and registrars who collaborated against each other as both parties seek to serve and ultimately monetize participants. The forces driving convergence in the workplace are based…
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Home Depot, the nation's fifth-largest retailer, is settling a civil law enforcement complaint that alleges the company engaged in false advertising and unfair competition. The retailer will pay $1,977,251, Los Angeles County District Attorney George Gascón announced last week. Related: Cash App Will Pay $15M to Settle Class Action Lawsuit – Here's How to Claim…
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Online wealth planning platform wealth.com announced today that it has successfully closed a $30 million Series A funding round led by GV (formerly Google Ventures). Other participants included Citi Ventures, Outpost Ventures (an investment platform of Neuberger Berman), 53 stations (supported by the Pritzker Organization) and Firebolt Ventures (led by productive technology investor Gokul Rajaram)….
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Opinions expressed by Entrepreneur contributors are their own. For many new business owners, direct distribution may seem like the most cost-effective way to reach customers. Without any need for partnerships, third-party integrations or revenue sharing, it has the lowest apparent cost. However, as businesses grow, a well-balanced mix of distribution channels becomes crucial for unlocking…
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A three-person advisory team managing nearly $1.8 billion in assets under management is joining Wells Fargo's network of independent financial advisors from Morgan Stanley, the website office announced Friday. Chicago-based Frank Devincentis, Craig Eyler and Molly Girard are joining Wells Fargo Financial Network (FiNet) under the firm name Verismo Financial. The trio is joined by…
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Morningstar Inc. has announced a change in methodology for its Morningstar Medal rating system that it says provides a more accurate estimate of investment alpha. The change, which will take effect Oct. 29, will change the medalist ratings of about 20% of the 200,000 funds that Morningstar has rated, with most of those changes being…
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How important is your packaging? Consider this: Hiball Energy it used to be sold in glass bottles and the company grew slowly. It then switched to aluminum cans and sales exploded – reaching $40 million in annual revenue and then being acquired by one of the world's largest alcohol brands. But before the Hiball team…
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