David Bodamer

The advisory firm takes minority stakes in BFG Wealth and Canon Capital Wealth Management.

The SEC’s order pertained to collateralized mortgage obligations held in 20 advisory accounts, including 11 mutual funds.

Advisors have been instituting these strategies for months as today’s 50bps interest rate cut had been widely anticipated.

The SEC found that after a merger, First Horizon did not properly follow its Regulation Best Interest procedure when making structured note recommendations to some clients.

The updated framework introduces a new method that Morningstar says is more precise in assessing how much alpha a managed investment can add. Nearly one-fifth of the 200,000 funds the firm rates will be affected...

The portfolio will include private equity, private credit and real assets and will be open to qualified investors.