April 26, 2024
Big Brands Still Favored, But Indie Shops Say They’re Making Inroads
Leaving large firms has allowed advisors to offer more investment options and services, and that flexibility is not lost on younger, affluent clients, they say.
2024 Retirement, FA Confidence Survey in Charts
The Employee Benefit Research Institute released the results of its annual temperature check on workers’ and retirees’ attitudes about their ability to save for retirement.
RayJay Chief: DOL Rule Not ‘Overly Problematic’ … with Caveats
Meanwhile, the firm is relying on its platform and culture amid “robust” competition in recruiting, according to Chief Executive Officer Paul Reilly.
LPL’s Tightened OSJ Grip Could Send Them Running: Reports
The company is trying to get certain RIAs on its platform to agree to terms giving it more control, but some are likely to jump to rivals, industry sources tell Barron’s.
Industry Moves
Minnesota RIA Dinged over Pay-to-Play Violations
The SEC claims that an associate of Wayzata Investment Partners made a campaign contribution to an official who sat on the Minnesota State Board of Investment, which then paid the firm advisory fees for advising on the board's investment funds.
Wealth Enhancement Group Adds $502M Hybrid RIA
The company has acquired Columbia, Maryland–based Lynch Retirement Investment Group.