Raymond James is nearing a settlement with the Securities and Exchange Commission to end its investigation into the firm's use of off-channel business communications, including a possible $50 million civil penalty. The Florida-based brokerage firm included the language in its two most recent quarterly SEC filings, indicating an eventual settlement with the commission. Related: Wall…

When it comes to live indexing, adoption and understanding has historically lagged because the tools weren't readily available to advisors and/or they weren't intuitive to use. The evolution of direct indexing is not just a trend, but a fundamental shift in the investment management industry, driven by technological innovation and the changing needs of investors….

Cary Carbonaro, who sold her advisory firm United Capital to Joe Duran in 2012, has joined Ashton Thomas Private Wealth, a registered investment advisor acquired last year by Arax Investment Partners, a wealth management platform of backed by private equity firm RedBird Capital Partners. She is joining as a wealth management advisor and Women and…

Looking across industries, sustainable, long-term growth can be elusive for many companies. But firms that consistently outperform their peers tend to take a deliberate and integrated approach to growth.* While market valuation, M&A and recruitment have been important growth drivers, organic growth is what wealth managers can best control. Join us as Fidelity Investments and…

Open, frank and honest discussion about July jobs numbers, Captrust hitting $1 trillion in assets, the end of the war for talent and more. Source link

Jen Roche, executive vice president of marketing and communications at Osaic, is leaving the firm this week, the company confirmed. She will join LPL Financial, where she worked earlier in her career, later this month as senior vice president of corporate communications and public relations. Roche was instrumental in driving Osaic's rebranding effort after executives…

Journey Strategic Wealth, a $3.7 billion registered investment advisor partnership launched in 2021has added a $200 million team based in Tampa, Fla. from LPL Financial. MDL Wealth, which includes founder Michael LaBarbera, advisor Ted Albrecht and service advisors Carol Liddy and Sheila Meneses, is the eighth team to join Journey since its inception. MDL helps…

Two other big players in alternative asset management, Apollo Global Management, a New York-based firm with $696 billion in AUM, and TPG, a San Francisco-based manager with $229 billion in assets, provided product updates in the semi liquid they are developing. for retail investors. Firms will join the growing ranks of firms targeting the retail…

As financial advisors, we are no strangers to the roller coaster of market volatility. This week's selloff is a stark reminder of how quickly market conditions can change and the need for proactive planning. Amid this turbulence, estate planning is one area where advisors can really add value. This often overlooked aspect of financial planning…

360-degree customer views provide a comprehensive view of the customer's financial situation and enable more personalized and effective advice. This comprehensive understanding helps build stronger relationships, increases client satisfaction, drives better financial outcomes for clients and provides a competitive advantage for financial advisors. However, this goal is fraught with challenges. Wealth management firms often struggle…