The growth of advisory assets is among the few bright spots in Waddell & Reed's recent earnings call, as division President Shawn Mihal continues to reinvent the legacy mutual fund firm's wealth management business.
Advisor and OSJ manager Salvatore Dispenziere III will bring over the three advisors in his office as well as three other individual practices he supervises.
Advocates like As You Sow, Green America and Americans for Financial Reform gathered more than 18,000 signatures in opposition to an SEC proposal that would make it harder for owners to put petitions on corporate proxies.
One factor driving the rapid rise of M&A in the advisory industry? It’s increasingly the only way to grow a practice into a sustainable business, argued a trio of RIA executives at the recent TDAI conference.
