Cetera Financial Group has hired a former vice president at Northwestern Mutual as chief compliance officer for one of its platforms, according to the firm. Gwen Weithaus will become CCO for Cetera Investment Services, one of Cetera's network of four independent firms (including Cetera Advisors, Cetera Advisor Networks and Cetera Financial Specialists). “The hiring of…

Many fintech companies pay attention to the value of the human touch while actively working to eliminate as much as possible. But this is the gap EncorEstate plans is looking to complement through its service and support of advisors who offer estate planning first and the use of human experts on the back end. “We…

A federal judge dismissed some of Edelman Financial Engines' claims in its ongoing lawsuit against Mariner Wealth, though many of the most important allegations remain. U.S. District Judge Holly Teeter dismissed Edelman's defamation charges against Mariner, saying the RIA did not identify who made the “allegedly defamatory statements” or to whom they were made or…

The growth of model portfolios and the increasing availability of actively managed ETFs, along with tax efficiency and intraday liquidity, are some of the factors driving the retail channel to become the key driver of growth after exchange traded funds. This was the conclusion of a recent “Cerulli Edge” report by consulting firm Cerulli &…

Commonwealth Financial Network, an independent broker/dealer based in Waltham, Mass., has added Terramar Wealth, a Carlsbad, Calif.-based team with more than $300 million in client assets. Terramar was previously a supervisory jurisdiction office of SagePoint Financial, which is now Osaic, for 22 years. It will serve as a Commonwealth CSO. Last year, Osaic announced her…

While non-bank credit channels have always co-existed with traditional banking, those channels were historically small points in the overall economy. That changed after the Great Recession, when new regulations limited banks' ability to make traditional loans to middle-market businesses in the US (generally defined as companies with EBITDA, or earnings before interest, taxes, depreciation and…

Morningstar revealed what advisors and investors need to know about the recent rise of interval funds. According to Investing.com, the private credit boom has had the unintended effect of reducing the broader financial system's leverage. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | June 25, 2024 Source link

Morningstar revealed what advisors and investors need to know about the recent rise of interval funds. According to Investing.com, the private credit boom has had the unintended effect of reducing the broader financial system's leverage. These are among the investment must-reads we found this week for wealth advisors. WealthManagement.com | June 25, 2024 Source link

SCS Financial, a $30 billion registered investment advisor sold to Focus Financial Partners in 2017, it tapped Lane MacDonald, the former head of Fidelity's family office, as its new chief investment officer. Separately, Certuity, a $4 billion RIA in North Palm Beach, Fla., has brought on Scott Welch, formerly CIO at Dynasty Financial Partners, as…

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