Waddell & Reed doesn’t bring scale to LPL but rather a financial planning-focused group of advisors best poised to take advantage of what the larger firm can offer, says LPL Head of Recruiting Rich Steinmeier.
Betterment co-founder and CEO Jon Stein announced that he was stepping down from his leadership post, naming Sarah Kirshbaum Levy as the new head of the robo advisor.
An administrative order from the SEC alleged clients at a Nebraska-based broker had their assets placed in higher-cost mutual fund share classes when lower-cost options were available.
Join a series of live, interactive panel discussions held on December 15th, 2020 covering the current state and future direction of wealth planning featuring executives from finalist firms and industry experts.
Speaking at the Consumer Federation of America's Financial Services Conference, the Commissioner also said more Reg BI data is needed to gauge its effectiveness, but a strong fiduciary standard was critical.
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