Hiring experienced advisors with handsome books of business has its benefits, but bringing on hungry young advisors can save you upfront money, culture clashes and all the headaches that accompany today’s fierce...
Jail Time For Long Island Advisor A New York financial advisor was sentenced to five to 15 years in state prison for stealing more than $11 million from 53 clients. Peter Dawson, president of Uniondale, N.Y.-based BMG...
AIG Advisor Group hired Mark J. Schlafly as president and CEO of FSC Securities Corporation (FSC) and Advantage Capital Corporation (ACC). He will also assume responsibility for the AIG Advisor Group Elite Partner...
On Wednesday, an SEC judge ordered NEXT Financial Group to pay a $125,000 penalty and prohibited the independent b/d from using recruiting tactics that violate client privacy laws.
Advisors are always looking for an edge in the asset-gathering game. Here's something they may want to think about: It turns out ultra-high-net-worth (UHNW) family businesses need some extra help with business...
Registered Rep: You recently joined Morgan Stanley from Bear Stearns. What do you miss most? Ed Moldaver: The Bear Stearns mentoring program, where I was assigned two kids and met with them bi-weekly. Also, senior...
Jim Dario joined Pershing Advisor Solutions from Fidelity Institutional Wealth Services as a Managing Director, responsible for leading business development initiatives. Cambridge Investment Research named Kyle...
Cleves Delp, an LPL Financial-affiliated advisor in Maumee, Mo., with $1.5 billion in assets under management, says he's been looking into starting his own RIA. When you cross the billion dollar mark, you kind of have...
A lot of JPMorgan Chase employees are going to be in search of new digs very soon. The firm is expected to shed itself of 4,000 of its own staff about half of whom will be replaced by incoming Bear Stearns employees...
