Ex-N.Y. Yankees: Our Advisors Stole Millions
An attorney for Jorge Posada and Jose Contreras says ballplayers were "victims of fraud, taken advantage of at every turn."
More in RIAs
High-performing firms are almost twice as likely to effectively describe target client profiles to clients and centers of influence. more »
Raymond James' independent broker dealer lured away two advisors producing $1.85 million from Morgan Stanley. more »
From the family feud that rocked Nicholas Schorsch's REIT and IBD empires to LPL's regulatory lapses and a wealth management crisis sparked by a CEO's private fund, the advisory industry had a healthy share of lowlights in 2014. Here are some of the most memorable. more »
With nearly 16,000 firms managing $2.4 trillion in assets, Cerulli predicts the RIA industry will capture 28% of retail investor assets by 2018. more »
From the breakthrough performance of 'robo advisors' to Schorsch's big grab, the advisory industry has seen major changes in 2014. Here's a look at the most important events and trends pushing the industry forward this year. more »
Former Convergent Chairman Steve Lockshin offers his take on events and issues surrounding the suicide of his friend, ex-Convergent CEO David Zier. more »
Two advisors have been hit with fraud charges for allegedly misleading clients about a hedge fund managed by an investment novice and debt collector. more »
A trio of top custodial executives discussing big trends for the RIA sector downplayed the term -- at least as a marketing advantage -- during a panel this week at the MarketCounsel summit in Las Vegas. more »
Lebenthal picked up an RIA that oversees $250 million in assets, as well as a team of two advisors in New York. more »
Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books. more »
The three founders of Concord Equity Group Advisors, a firm LPL bought in 2011 after the RIA allegedly hid commissions from its institutional clients, settled with the SEC. more »
HighTower recruited a Merrill Lynch advisor to join a group that broke away from the wirehouse earlier this year. more »
Members of the Financial Planning Coalition fire back at lawmakers' call for the SEC to shuffle existing resources and tap a third party to increase examinations of advisors. more »
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