Investacorp, Securities Service Network and KMS Financial Services will be absorbed into Securities America before the end of the year, according to CEO Jamie Price.
The first five months of Adam Antoniades’ reign as CEO have been rough, but he believes the pandemic underscores the need for financial advice and Cetera is doubling down on understanding individual advisor needs.
While overall fees have decreased over the last decade, the industry has done little to level the playing field for investors and solve the real problem — aligning fees to the value of active management and improving the probability of a favorable outcome depending on manager skill and efficiency of the asset class.
