FINRA Banishes Former Wells Fargo Advisor
Alejandro Ariel Torres allegedly cheated a customer out of nearly $60,000 in a start-up scheme that purportedly made the client a 50/50 partner. Torres was ordered to make the customer whole.
More in Independent BDs
Richard Ketchum voices support for SEC to move on a uniform fiduciary standard for brokers and advisors, while warning of unintended consequences from DoL's proposal. more »
It takes a lot for some of the smaller players to match the growth rates of the industry giants. It may be even harder for the big players to keep up. See which independent B-Ds reported the biggest revenue growth rates from 2013 to 2014. more »
Summit Financial, based in Westlake Village, Calif., is a primarily fee-based RIA offering clients investment management, insurance and retirement planning, says Triad, which offers advisory firms both a broker-dealer and a fee-based RIA multi-custodial platform. more »
Three bank breakaways join two former colleagues who started the independent firm Standard Investment Advisors last year. more »
A former H. Beck advisor joins Securities America after 27 years with the firm to explore some of the industry's latest technological advances. more »
King Financial Network president says the team went private for better accessibility and technology. more »
The job offer from a commercial landscaper came "out of left field," says Dan Krems. more »
Independent advisors are bucking the broader trend and going to work for wirehouses and regional firms, ditching managerial tasks for simplicity and payoff. more »
Impressed by LPL's size and scale, Faubourg Private Wealth Advisors also liked the idea of working with super-OSJ Level Four for additional flexibility, the firms' investment models and multi-custodian platform. more »
Two advisors left the wirehouse where they generated more than $1.1 million in annual revenues. more »
An upcoming forum for regulators and industry professionals will discuss the SEC’s compliance oversight, cybersecurity, anti-money laundering, and approaches to supervision and sales practices. more »
Cetera's assets under management climbed to $46 billion for the first quarter, up 32% from $35 billion for the same period last year. Adjusted EBITDA soared 50% to $36 million. more »
Envestnet's acquisition of Finance Logix marks the latest in a string of big firms snapping up advisor-focused technology providers. more »
11 Creative Ways Advisors Have Changed Their Fees
The May Issue is now online!


Industry Events

June 18, 2015 | New York Hilton Midtown, New York, NY

June 24, 2015 | Chicago, IL

November 3, 2015 | The Broadmoor Hotel in Colorado Springs, Colorado

November 4, 2015 | New York Hilton Midtown, New York, NY

Already a subscriber? Log in here