You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Cetera Financial Group is adding its first billion-plus team from LPL Financial’s Commonwealth Financial Network with the addition of King Financial Network, a 14-person team overseeing more than $1.1 billion in client assets. King Financial, based in Manalapan, N.J., will join Cetera’s Summit Financial Networks, a super office of supervisory jurisdiction of the broker/dealer, or a “region,” as ...

Company and Industry Highlights - Technology stocks, particularly Intel, drove market gains with Intel's shares soaring by 22.8 percent to its highest closing level in over a year following a collaboration announcement with Nvidia [2][3] - Nvidia will invest $5 billion in Intel's common stock at a price of $23.28 per share, contributing to Nvidia's 3.5 percent increase in stock value [3] - CrowdStrike's shares surged by 12.8 percent after the company provided positive guidance and announced a strategic partnership with Salesforce during an investor day [3] - The semiconductor sector experienced significant gains, with the Philadelphia Semiconductor Index rising by 3.6 percent to a record closing high, driven by Intel's performance [6] - Financial stocks also performed well, with the KBW Bank Index and NYSE Arca Broker/Dealer Index increasing by 1.4 percent and 1.3 percent, respectively [7]

You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. At its annual conference this week, Osaic rolled out several capital-raising options for its advisors, ranging from personal credit lines to performance loans, for what one senior executive called the advisors “in the middle” who are looking to grow. “As an industry, I think we’ve done really well by advisors in providing capital for advisors who are in transition and for the M&A succession side ...

`` You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. `` `` Osaic’s W-2 advisor channel across its hybrid and fee-only options has about $57 billion in client assets, with another $24 billion in the pipeline, CEO and President Jamie Price told an audience at the broker/dealer’s annual conference held this year in San Antonio. `` ```` The figure is a relatively small part of Osaic’s roughly $700 billion in assets across its other advisor affiliation ...