In a Florida state lawsuit, financial advisor Deborah Lennon claims she would only be hired on the condition she agreed to have sex with “the person responsible” for deciding whether Amerirprise would hire her.
The move into Raymond James’ independent advisor channel is one of several across the industry Monday, including an advisor with $600 million going to J.P. Morgan Wealth Management.
The updated framework introduces a new method that Morningstar says is more precise in assessing how much alpha a managed investment can add. Nearly one-fifth of the 200,000 funds the firm rates will be affected, mostly as downgrades.
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