LPL Financial reported net income of 53 cents a share, down 5 percent from a year ago, on net revenues of about $1 billion, a 7 percent decline year-over-year. But the firm beat analysts expectations on both figures.
A Morgan Stanley team with about $600 million in assets left the wirehouse and joined with an existing RIA to launch a new independent firm called One Seven, to focus not just on clients’ wealth management, but their physical and mental health as well.
Just a year after closing on its acquisition of Sterne Agee, Stifel Financial announced plans to sell the firm’s independent brokerage, clearing and RIA businesses to INTL FCStone Inc., a commodities and Forex broker.
Brexit, the Fed’s inconsistency, negative rates and strange politics are all signals that the economy will soon exit this period of low growth, says Allianz’s Mohamed El-Erian. To survive, investors better throw out conventional wisdom, he warns.
A traditional advisor/client relationship may exist in your practice today—you meet with your client, provide guidance, answer questions and plan for their future. But, what happens when your clients leave your office?...More
In this season of change, cut through interest-rate noise. Get past the chatter and learn how to potentially optimize clients' fixed-income portfolios for income, diversification, flexibility, and tax benefits....More
A charitable lead trust (CLT) is a valuable estate-planning tool that may be overlooked in crafting a client's estate plan. When clients are charitably inclined but want to balance philanthropic goals with a desire to provide for their family, a CLT is the perfect tool to consider....More