September 1, 2020
Merrill Expands Model Portfolio Menu to Fill Gaps Identified by FAs
The wirehouse has added several strategies from a dozen asset managers.
Wells Fargo Sues Two Former FAs Who Jumped to RBC
The company alleges that Brady Pedler and Joseph Santana, who collectively managed around $306 million, stole trade secrets when they left for RBC.
SEC Charges Barred Broker Over Trading Leveraged ETFs in Retail Accounts
Finra previously found the broker had a “lack of understanding” about leveraged exchange-traded funds, which a lawyer says would be ineffective as a defense.
VideoHow the DOL's Proposed Advice Rule Would Impact Rollovers
Robinhood, Schwab, TD Ameritrade, Vanguard Suffer Online Outages
Twitter users also reported outages on E*Trade’s website but the company hasn’t confirmed them, according to FA-IQ sister publication Ignites.
Adidas Founder's Heirs Move Family Office from Bahamas to Florida
The Adi Dassler Family Office has also partnered with Apollon Wealth Management for various support services, including financial planning, technology and client support and business platform services.
Pandemic Will Drive Independence Movement: Dynasty’s Penney
Shirl Penney also explains why the firm opted to take a Paycheck Protection Program loan.
401(k) Suits to Soar Fivefold in 2020 YoY: Report
The pandemic and the increasing sophistication of plaintiffs’ attorneys have contributed to the rise, according to Bloomberg Law.