Active management questioned as report reveals few funds outperformed passive options
Low active success rates highlight the need for selectivity, report says.
How firms can support advisors during difficult market times
For service-focused financial advisors who might take their well-being for granted, regular check-ins and active listening from the top can…
RIA moves: PE-backed Arax strengthens Midwestern presence with Summit Wealth Strategies
Meanwhile, $34 billion independent First Manhattan welcomed New Jersey-based Roanoke Asset Management, an RIA firm with more than 40 years…
Two former Treasury secretaries issue warning on risks to US Treasuries
Hank Paulson and Timothy Geithner, whose terms coincided with the global financial crisis, are sounding fresh alarms on the country’s…
Osaic sees more staff cuts
Most notably, two chief compliance officers have also recently left the firm.
Advisor moves: Cetera lures 12-person team from LPL, Raymond James reels in Commonwealth duo
The latest team to join Cetera, led by a 29-year veteran professional, arrives with roughly $380 million in AUA from…
LPL names Emily Field as chief people officer amid Commonwealth integration push
The McKinsey veteran brings her expertise as LPL targets a lofty 90% advisor retention rate from its acquisition and integration…
Apollo draws $61 billion in record quarter driven by lending
The alternative asset giant saw a boost in fee-based profits as its push to launch semi-liquid strategies for more everyday…
Court rejects Perfection Bakeries’ $2M pension credit in key ERISA case
An appeals court sided with a pension fund, ruling Perfection Bakeries must apply a $2M credit earlier in its withdrawal…
Milton seeks Sanctuary in break for independence, reunites with former Merrill colleague
Veteran advisor managing $400M launches firm through strategic partnership.