1350 Avenue of The Americas Suite 1920
New York, NY 10019
No. advisers: 4
|Financial planning clients||11-25|
|High-net-worth client assets||More than 75%|
|Percentage of assets under management||Yes|
|Total AUM||Total Accounts||Avg. Account AUM|
November 12, 2019 - Billy Beane of the Oakland A's was baseball's first digital leader. His 2002 team set the major league record for consecutive wins and took their divisional title â€” with a human player payroll one-third that of the top-paying teams. The league commissioner...
February 7, 2019 - It's time for financial advisers to get over their fear of raising their fees, and a good place to start would be introducing a minimum annual fee for clients. Eliza De Pardo, a management consultant for TD Ameritrade Institutional, said her research...
December 19, 2018 - The recruiting wars are heating up, but this time, the primary battlefield is among independent firms rather than between wirehouses. Yet the more things change, the more they stay the same, especially when it comes to upfront checks for new recruits....
September 8, 2018 - Nine years into a bull market with rocketing growth in stocks like Amazon and Apple, investors are wary of equities. Providers of exchange-traded funds have played to that sentiment by rolling out ETFs that attempt to protect investors from a downturn...
July 11, 2018 - A former star Merrill Lynch adviser in Chicago who was fired in April has opened his own RIA. The adviser, Bruce K. Lee, opened Keebeck Wealth Management and has been registered there since Monday, according to his BrokerCheck report. A perennial member...
May 26, 2018 - Seventeen months into his tenure as CEO of Morningstar Inc., Kunal Kapoor finds himself in a familiar situation â€” selling to advisers, yet competing with them in some areas. Morningstar has radically reshaped itself since the days when its founder,...
May 3, 2018 - Recent sanctions by state securities regulators against unlicensed brokers who sold pieces of an alleged billion-dollar real estate Ponzi scheme highlight a perennial problem the financial advice industry continues to ignore: insurance agents, with problematic...
April 24, 2018 - Merrill Lynch star veteran broker Bruce Lee, whose Chicago team managed nearly $3 billion in client assets, was fired for unknown reasons, according to sources with knowledge of the move. Mr. Lee, who was fired on Friday, was a perennial member of the...
January 8, 2018 - Finra warned brokers on Monday to be careful when moving clients between brokerage and advisory accounts. The guidance was contained in the broker-dealer self-regulator's annual regulatory and examination priorities letter. As is the case in most years,...
June 15, 2017 - The recent lawsuit lodged against The Capital Group Companies Inc. for alleged self-dealing in the company's 401(k) plan is one of several similar legal battles being waged with large asset managers, and could prove difficult for plaintiffs to win, given...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
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*Methodology:InvestmentNews qualified 2,206 firms headquartered in the United States based on data reported on Form ADV to the Securities and Exchange Commission as of May 1, 2019. To qualify, firms must have met the following criteria: (1) latest ADV filing date is either on or after January 1, 2018, (2) total AUM is at least $100M, (3) does not have employees who are registered representatives of a broker-dealer, (4) provided investment advisory services to clients during its most recently completed fiscal year, (5) no more than 50% of amount of regulatory assets under management is attributable to pooled investment vehicles (other than investment companies), (6) no more than 25% of amount of regulatory assets under management is attributable to pension and profit-sharing plans (but not the plan participants), (7) no more than 25% of amount of regulatory assets under management is attributable to corporations or other businesses, (8) does not receive commissions, (9) provides financial planning services, (10) is not actively engaged in business as a broker-dealer (registered or unregistered), (11) is not actively engaged in business as a registered representative of a broker-dealer, (12) has neither a related person who is a broker-dealer/municipal securities dealer/government securities broker or dealer (registered or unregistered) not one who is an insurance company or agency.