The Morgan Stanley–recommended law firm that represented the transitioning advisors told them their nonsolicit agreements with Schwab were unenforceable, according to their lawsuit against the lawyers.
Pershing is building and testing a tool to help it onboard clients from breakaways and competitors more quickly.
A year old on March 31, the first actively managed ETFs now hold $1.4 billion in assets. A recent study highlights ample room to grow.
Even though portfolios based around 60/40 performed in 2020, that hasn't silenced calls to rethink or abandon the strategy.