Updated Friday, October 31, 2014 as of 8:57 AM ET
After Apparent CEO Suicide, 'Sharks Circling' Firm
Competitors are 'welcome to call' clients, says new CEO Douglas Wolford, who replaced David Zier after the latter's suicide -- but none have left, he says.
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"We have to continue to grow and we'll be looking at acquisitions, mergers, tuck-ins and roll-ups, all of the above," says Mark Allen, president of Nebraska-based Allen Capital Group. more »
Convergent CEO David Zier's death followed inquiries into his management of an outside fund, according to Chairman Steve Lockshin. more »
The independent broker-dealer has added former LPL affiliate Nelson & Nelson Wealth Management of Camarillo, Calif. more »
But the asset allocation and rebalancing service will launch first for retail before rolling out to Schwab advisors. more »
The “reverse churning” comes in when the client is in a wrap program, despite being a low-volume trader. more »
When it's time to give up control of your firm, will you know what to do? more »
What questions are advisors not asking when buying a firm? more »
The SEC is cracking down on advisors. Here are a few things advisors must know how to answer when examiners come calling. more »
Independent firm Snowden Lane Partners recruited another wirehouse advisor team, this time from Merrill Lynch. more »
A Wells Fargo advisor team that managed $200 million in assets has left to join Steward Partners, an independent firm founded a year ago by former wirehouse managers. more »
Do the instruments make sense in an low-rate environment? And if so, should you build them in-house? Get tips from fixed-income experts. more »
Caleb Brown and Michael Kitces, founders of New Planner Recruiting, have launched of a new website that focuses exclusively on job opportunities with independent financial planning firms. more »
How do the services you offer compare to what clients of advisors across the industry are receiving? A new study of 4,000 advisors by Cerulli Associates tracks the planning services clients receive across all advisor channels. more »
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