The former Treasury Secretary says it’s a good thing the DOL fiduciary rule is now in effect. Otherwise, “it just would’ve been another year or two of uncertainty to reopen it,” he said at Pershing’s Insite conference.
Robin Shanahan and Peter Strelow have been named co-chief operating officers and will report to CEO Emmanuel "Manny" Roman. Dave Ivascyn remains in charge of money management.
Welling is the new CEO of Mercer Advisors, a $10.3 billion RIA that has been on an acquisition tear.
Dennis Stattman, who turns 66 this month, will return in August.
Corporate tax reform will happen eventually, a Texas financial advisor pleads guilty to fraud and FIS adds a robo to its offerings.
"People need a mirror, a reverse of themselves to force them to diversify. You’ll never be able to robo this,” said Kevin O’Leary of “Shark Tank” and O’Shares fame.
Americans plan to rely on family, not the government, in retirement; ACG Wealth Names Gregory Fink CEO and household net worth jumps to $94.84 trillion.
