E*Trade completed its $275 million acquisition of Denver-based Trust Company of America this week, bringing its $18.3 billion in institutional assets, $1.6 billion in customer cash and 200 RIAs under the new umbrella. ...
Former LPL Exec Derek Bruton Joins FinTech Membership Organization Derek Bruton, who stepped down as head of LPL Financial’s independent advisor services in 2014, has joined Chalice Wealth Partners, a fintech membership organization for registered investment advisors, as managing partner and chief operating officer. ...
Veteran Broker Founds D.C.-Area Robo Advisor A veteran broker in the Washington D.C.-area has founded his own financial planning and investment app, called 1787fp, according to ARLnow.com, a local Arlington, VA news website. Jean Jacques Borno, who previously had stints at LPL, Morgan Stanley and Merrill Lynch, built the app because he "thought the large companies were really missing a boat." ...
