The organization dedicated to financial planning will engage an outside firm to help search for a replacement.
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Groups like LPL Financial and SIFMA say the rule conflicts with the Regulation Best Interest framework.
The chief growth officer is at the forefront of preparing RIAs to grow their businesses and train advisors for the future.
The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.
The $17 billion financial firm fired chief executive Dan Arnold for allegedly violating the company’s code of conduct.