In light of the firm's difficulties in recruiting NPH advisors and the dissatisfaction of its own advisors, LPL Financial CEO Dan Arnold admits "we have a problem," and lays out a plan for change.
HighTower has agreed to acquire Houston-based Salient Private Client, the wealth management business of Salient Partners, adding trust capabilities and $4.5 billion in client assets to the registered investment advisor. This marks HighTower’s largest single RIA office acquisition and its first foray into Texas. ...
IMF Chief Backs Bitcoin International Monetary Fund Chief Christine Lagarde sees benefits to bitcoin and blockchain, according to MarketWatch. Lagarde wrote in a blog post that cryptocurrencies like bitcoin have the power to minimize transaction costs, while the blockchain technology that underlies them could improve efficiency and increase safety. ...
Geneos Joins Cybersecurity Co-op With cybersecurity experts headlining wealth management industry events, firms are taking extra steps to make sure their customers’ data and assets are secure. Geneos Wealth Management said they’ve joined the ranks of cybersecurity co-op cleverDome Inc., which will provide the broker/dealer with a “community-based solution” to data protection. ...
