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May 31, 2018

How Merrill Lynch’s New Comp Plan Could Backfire
Danny Sarch says the wirehouse’s new compensation plan could risk losing top producers.
Experts, Rivals Zero in on Focus Financial Partners’ IPO Filing
Generally ‘smart’ move seen to legitimize RIA model, shine light of publicity on aggregators.
Former AXA Advisors Rep Indicted Over Alleged $475K Theft from Clients
Separately, Finra has barred a former Ameriprise advisor over unauthorized mutual fund purchases in client accounts.
David Rubenstein’s Family Office Has Bigger Ambitions
The co-founder of the Carlyle Group has set up an affiliate to target venture, growth and family-owned businesses.
LPL Holds On to $14B Sheridan Road
Sheridan Road is leaving Independent Financial Partners to form its own RIA but is keeping LPL as its broker-dealer.