Industry News

Advisor Upside

Fidelity’s $280B Contrafund Appoints First New PMs Since 1990

Photo by FinkAvenue via iStock

Longtime manager Will Danoff hasn’t announced an exit, but two additional co-managers will handle a slice of the massive portfolio.

2 min read

Photo via LPL Financial

Advisor Upside

LPL Seeks to Raise $4B in Fresh Capital

It’s the first significant move under new CEO Rich Steinmeier, who took over from longtime chief executive Dan Arnold in October.

1 min read
Photo by US Department of Labor via CC BY 2.0

Advisor Upside

Trump DOL Expected to Abandon Fiduciary Rule, Again

The Department of Labor was granted a 60-day pause by a federal judge to review its appeal in two court cases.

1 min read
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Advisor Upside

Brokerages Up the Ante on Advisor Loans

The independent broker-dealer LPL reported $2.3 billion in net advisor loans last year, up a whopping 53% from 2023, per an SEC filing.

1 min read

Advisor Upside

Solid Wall Street Earnings Come with a Tariff Asterisk

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The latest earnings may not reflect recent market volatility ushered in by the Trump administration’s sweeping tariffs.

1 min read

Advisor Upside

Who Gets to Call Themselves ‘Advisor?’

Photo by Getty Images via Unsplash

The North American Securities Administrators Association updated a rule that seeks to bar many broker-dealer reps from using the title.

2 min read

Advisor Upside

Advisors Sift Through Tariff Turmoil as Uncertainty Lingers

Photo by Gage Skidmore via CC BY-SA 2.0

Tariffs could be in effect for years to come and play havoc on portfolios in the coming months.

2 min read

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