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According to a new study conducted by FundFire and the Money Management Institute (MMI), there are troublingly large gaps in the asset management industry between the number of white and minority employees, at all levels. Data was taken from a range of asset managers, managing more than $5.3 trillion in combined assets, who submitted data for the report, titled "Ethnic and Racial Diversity at Asset Management Firms." ...
$700 Million Team Joins Raymond James' FID Group
The Oakley Group, a team of six advisors in Nashville overseeing $700 million in client assets, is joining Pinnacle Asset Management, an existing investment program aligned with the Raymond James Financial Institutions Division (FID). ...
Financial Advisor Sues Client for Defamation
New-Hampshire-based financial planner David A. Kutcher, founder of DAK Financial Group LLC, recently filed a lawsuit against Timothy D. Sullivan IV of Gilford, N.H. for “wanton, malicious or oppressive” conduct and defamatory statements about Kutcher, his wife and his financial services company. ... |
