The latest report from Backend Benchmarking found that some digital advice firms, including Wealthsimple and M1 Finance, actually improved their performance and funding during COVID-19.
The COVID-19 pandemic has only accelerated the trend of the need for digital engagement between wholesalers and financial advisors, according to a J.D. Power study.
If Joe Biden is the winner of Tuesday's election, a Republican Senate could make it more difficult to overturn Trump-era regulations and enact the Biden agenda that would most impact financial advisors.
The deal with Stavis & Cohen Financial, which has about $570 million in assets, will bring CI Financial's total U.S. assets to about $13 billion, and its North American assets will total $59 billion.
Terrence Chalk used the alias 'Dr. Terrence Cash' to keep clients from learning about his criminal record and convinced retirees to invest their savings, which he used for his own expenses, according to the SEC.
After losing firms during its acquisition of Ladenburg Thalmann, Advisor Group has recouped some assets in the recruitment of Pacific Capital Resource Group in Bellevue, Wash.