The U.S. economic system is on tempo for its finest yr of development in GDP in a long time, in keeping with LPL Monetary’s midyear outlook. The SEC employed a workforce of recent coverage officers, and barred a jailed Morgan Stanley advisor who pleaded responsible to defrauding shoppers out of $6 million. Wealth administration mergers and acquisitions are at report ranges within the first half of 2021, with RIA consolidators making 40% of the purchases, DeVoe & Co. discovered. And advisors moved to LPL, Commonwealth Monetary Community, Summit Path Advisors and Advisor Group, amongst different information, profession strikes, and fast takes.
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