The U.S. economy is on pace for its best year of growth in GDP in decades, according to LPL Financial’s midyear outlook. The SEC hired a team of new policy officials, and barred a jailed Morgan Stanley advisor who pleaded guilty to defrauding clients out of $6 million. Wealth management mergers and acquisitions are at record levels in the first half of 2021, with RIA consolidators making 40% of the purchases, DeVoe & Co. found. And advisors moved to LPL, Commonwealth Financial Network, Summit Trail Advisors and Advisor Group, among other news, career moves, and quick takes.
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