Financial advisors proved their tenacity and resilience in 2020, and through this resolve, a new evolution is emerging. It’s good news for advisors.
Advisors say they’re busier than ever in the last weeks of 2020, especially with helping clients transfer wealth to the next generation tax-free while they still can.
No one could have predicted what 2020 had in store for us, yet, many advisors had the best years of their careers. How is that possible?
The new firm Homestead Wealth Management will be based out of Glendale, Ariz. The two advisors have about $150 million in advisory and brokerage assets under management.
It was a banner year for mergers in money management as the continuing fee war squeezes margins. Don’t expect it to slow down in 2021.
The offers are due later this month.
The partnership with White Oak Investment Management comes several weeks after LPL purchased the broker/dealer business of Waddell & Reed for $300 million.
Stephanie Avakian has served as the head of the division for four years, and oversaw investigations into Wells Fargo's supervision of investment advisors as well as the Share Class Selection Disclosure Initiative.
After 15 years with Wells Fargo, the team, led by Lawrence and Lloyd Glazer and Steven Dimitriou, has started its own RIA.