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Principal Financial Group's stock has underperformed its industry and the broader market over the past year. While the company faces rising expenses, it is expected to benefit from strategic initiatives, strong retention, and favorable capital deployment. The article suggests that current investors ...

LPL Financial announced that the Apex Private Wealth Advisors team, led by Brett Howard, Marco Rivera, Brooks Crissey, Henry DesJardins, and Ryan Mason, has joined its broker-dealer, RIA, and custodial platforms. The team, which previously worked at Ameriprise Financial, manages approximately $650 m...

Jefferies Financial Group is considering expanding its presence in Brazil by launching a brokerage business in the country. The company plans to increase its staff and add another managing director to its investment banking team in Brazil, focusing on M&A advisory and capital markets services.

The article recommends three New York Life Investments mutual funds for long-term investment based on their strong performance, low fees, and Zacks Mutual Fund Rank. The funds are MainStay Epoch Capital Growth Fund, MainStay Winslow Large Cap Growth Fund, and MainStay WMC Enduring Capital Fund.