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Wells Fargo Advisors has appointed Farhad Firoozi, previously a senior recruiter at LPL Financial, to lead its hiring efforts in San Diego. Firoozi fills the role left by Brendan Krebs and will focus on attracting financial advisors as the firm enhances its independent offerings. Wells Fargo has around 12,000 brokers, while LPL boasts approximately 29,000.
PNC Bank is set to open its fifth location in McKinney on West University Drive, with construction expected to be completed in December. The new 3,000 square-foot facility will feature a lobby with tellers and an outdoor ATM. This addition is part of the West Grove development, joining the bank's existing four locations in the area.
Money market funds are low-risk investments that offer higher interest rates than savings accounts, investing in short-term securities and allowing penalty-free withdrawals. High-yield savings accounts and Treasury bill ETFs are recommended for baby boomers looking to secure their assets amid market volatility. Notably, Warren Buffett has shifted to cash and short-term Treasury bills, indicating a cautious approach to current market conditions.
The U.S. stock market will be closed on Martin Luther King Jr. Day, January 20, 2025, marking its third closure of the year. Most banks will also be closed in observance of the federal holiday, following the Federal Reserve's lead. Additionally, January 20 coincides with Inauguration Day for President-elect Donald Trump.
Wells Fargo Advisors has successfully recruited two teams from UBS Wealth Management in New Jersey, managing a combined $625 million in assets. The larger team, now known as Bergen County Wealth Management, includes Stephen R. Laddy and John K. Serocke, who previously managed $354 million and generated $3.65 million in annual revenue. Additionally, veteran advisor Thomas Bishop and his team, managing $270 million, have also joined Wells, reflecting a trend of advisor movement amid changes in compensation structures at UBS.
PNC BANK, NATIONAL ASSOCIATION and Thomas B. Hagen, as Co-Trustees under the Trust Agreement entered into by Susan H. Hagen a.s. Grantor, dated March 28, 1990
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wells fargo hires farhad firoozi to lead recruiting efforts
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safe investment options for baby boomers in uncertain markets
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wells fargo acquires two teams from ubs managing 625 million in assets
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21:16 17.12.2024
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