Fraud indictments for financial planner and pastor over old Chinese bonds, millennials aren’t loyal to their advisors and what makes Edward Jones a great place to work.
Advisors at independent brokerages across the country are largely happy where they sit, as overall satisfaction with their chosen firms ticks higher and the average book of business expands by double digits.
High-net-worth millennials have more confidence than their older counterparts, Brown Advisory acquires Meritage Capital and David Canter is raising money for the Foundation for Financial Planning.
Passive investments aid in slashing of fund fees, David Peavler joins HD Vest as general counsel and Steven and Jeremy Friedman leave Wells Fargo Advisors for Raymond James.
Wells Fargo plans to stay in the Broker Protocol Agreement, the SEC charges an investment advisor in a cherry-picking scheme and a New Jersey financial advisor is accused of fraud.