Ex-FA Gets Sentence of 21+ Years for Wire Fraud, Money Laundering
Raymond Erker was found guilty in March in connection with a $9.3 million Ponzi scheme.
August 3, 2022
Brokers with Bad Marks Stay Active in States
Brokers who were no longer on the Financial Industry Regulatory Authority’s BrokerCheck but stayed on other regulator regimes were more likely to have a history of misconduct, according to a recent report.
LPL's FA Headcount Jumps 9% YoY
However, the firm saw steep drops in both its advisory and brokerage assets, with the total falling by 8% compared to March and by 4% year-over-year.
Citigroup to Hire 500 for New Wealth Division
The company is planning to add the staff over the next three years to support a new unit aimed at employees at private equity offices, consultancies and accounting firms.
Athletes Turned Advisors: Different Arena, Same Skills
From perseverance to teamwork, advisors say skills from the court, rink or field transfer well to the financial advisory industry.
Fidelity’s Abby Johnson: Time as Analyst Shaped Her Thinking
Learning about what makes management teams successful and the common mistakes managers make were “incredibly valuable “ for the chief executive officer.
Matt Damon, Tom Brady Endorsing Crypto? Watch Out
Bitcoin is down 60% since Matt Damon endorsed cryptocurrency exchange Crypto.com, while Mike Tyson’s non-fungible tokens have dropped 99%.
How FAs Show Hypothetical Performance — and How They Should
Good advisors are upfront about the difference between hypothetical and actual performance, but many are not, Forbes contributor Ivan Illan writes.
Alera Group Adds $3B Wealth Mgmt Practice
Connecticut-based Johnson Brunetti has around $1.5 billion in client assets through its registered investment advisor arm as well as another $1.5 billion in annuity and insurance assets.