Girard Securities' CEO Calls Large SEC Exam 'Routine'
Large data pulls required in stepped-up SEC exam are not related to ongoing troubles at Girard parent RCS Capital or American Realty Capital, CEO says.
More in Independent BDs
Latest setback for Schorsch's financial empire as accounting firm steps aside. more »
Ameriprise Financial reported 33% year-over-year growth in wealth management profits. more »
A pair of sessions at the FSI OneVoice conference focused on recruiting and retention challenges facing IBDs, many of which center on hybrid or dually registered RIAs who are edging toward greater independence. more »
But while quarterly earnings at the company's wealth management unit dropped 7% from the previous quarter, they were up 30% year-over-year. more »
A wealth manager with 30 years of experience left Citigroup Global Markets to join the year-old Lebenthal Wealth Advisors as a producing branch manager. more »
A former BNY Mellon advisor that managed $850 million in client assets has formed an RIA affiliated with Raymond James' independent RIA channel. more »
Changes to the RIA Leaders rankings illustrate a hard truth about the industry. more »
Cerulli predicts that market share gains in the RIA and dually registered channels will likely come at the expense of wirehouses and independent broker-dealers. more »
Three of the four formed a team with $218 million in assets under management. more »
The latest Schorsch bombshell "makes quality advisors super uncomfortable," says executive recruiter Mindy Diamond. more »
Nicholas Schorsch has resigned from RCS Capital, New York REIT and 11 other non-traded real estate investment trusts and direct investment programs sponsored by AR Capital. more »
A complaint that Schorsch instructed ARCP executives to shift numbers in the company’s second-quarter results to cover up errors from the first quarter is part of a defamation suit against ARCP, Schorsch and former ARCP Chief Executive David Kay, according to The Wall Street Journal. more »
Regulators penalized both the independent and employee channels of Wells Fargo for failing to properly screen over 200,000 customer accounts. more »
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