TIAA IRA customers paid more than $900,000 in combined expenses that could have been avoided by investing through a “brokerage window” with lower-cost share classes, according to the regulator.
No less than three new RIAs debuted this week, while Prospera and four other firms announced deals, three made key appointments and one updated its name.
The package for 62-year-old David Solomon includes a $2 million base salary and $29 million in variable compensation, with $20.3 million of that in the form of restricted stock units.
The move comes as individual investors hold about 50% of global assets under management—a figure that’s expected to rise to almost 70% by 2023,
The SEC claims VanEck failed to disclose the involvement of a social media influencer in promoting the BUZZ ETF.
David Eisenhauer and his team managed $450 million in assets for around 150 clients on the broker/dealer platform.
These full-time executives will help the firm’s advisors network and build relationships with CPAs in their market.
