Page 43 - காமன்வெல்த் நிதி வலைப்பின்னல் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stock Futures Are Flat After the Dow Closed at a Record
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Paracle Advisors merging into Coldstream Wealth Management
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Credit Suisse (NYSE: CS) reported a $4.8-billion loss in the first quarter from its exposure to U.S. hedge fund Archegos Capital. But many investors had never heard of Archegos until the fund blew up, severely impacting Credit Suisse, Nomura and a handful of media and tech stocks..
What Is Archegos? Archegos is technically a family office created to manage the wealth of Bill Hwang, a hedge fund manager who paid a $44-million settlement with the SEC back in 2012 related to charges of insider trading. Following the charges by the SEC, Hwang changed his hedge fund, which manages other people’s money, into a family office, an entity that manages only his own wealth.
Succession Planning Goes In-House A new crop of programs at IBDs helps advisors find successors keeping their clients, and assets, close to home.
The wealth management industry has long had a succession problem. Few advisors plan for their own retirement, and even fewer have a road map to step away from the business in a way that both monetizes the practice and provides continuity to their clients. Even worse is the lack of a plan in case of an advisors’ sudden death or impairment the dreaded “hit by a bus” scenario.
A 2018 study by the Financial Planning Association and Janus Henderson Investors found that 73% of financial advisors don’t have a written succession plan in place; of those who are within five years of retirement, 60% lack a succession plan.
Ohio National fends off VA trail commission suit, others remain
The insurer recently won a long-running case brought by several brokers, though it is fighting several other suits from broker-dealers.
April 26, 2021
Meanwhile, the insurer is fighting several other cases brought by broker-dealers.
Last month, a U.S. appeals court shot down a long-running case, upholding an earlier district-court decision to dismiss the claims. That suit, filed by brokers at LPL Financial, Next Financial Group, Securities America and ProEquities, alleged that Ohio National breached its contracts by ending the selling agreements. The brokers had argued that they were third-party beneficiaries of the agreements under Ohio state law, although the courts disagreed.
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