Adviser/team AUM: $100,000,000
|Firm leaving||United Planners Financial Services of America|
|Firm joining||Securities America|
|Date||December 14, 2012|
Disclaimer: The moves in this database come from a number of sources: InvestmentNews and other media reports, press releases, and direct submissions that have been reviewed by InvestmentNews. Any corrections, updates or clarifications should be e-mailed directly to the IN staff.
Financial advisers need to walk clients through what-if scenarios much further down on the longevity curve than what they're including in their conversations with them today, says Jamie Price, president and CEO of Advisor Group.
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While non-traditional asset classes held in individual retirement accounts may have return and portfolio diversification benefits, there are "unique complexities" that limit their value for most investors.
Wirehouse is seen as trying to shore up adviser ranks that took a hit after banking scandal
Firm will pay $650,000 for suitability, compliance and books and records violations.
Shortfall driven by longer life spans and disappointing investment returns.
Wirehouse, after losing 400 brokers in first quarter, is bucking trend among rivals who have said they are going to cut back on spending big bucks recruiting veteran advisers