Andrew Welsch is a former managing editor of Financial Planning.
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The two ex-wirehouse advisers each had about 20 years of industry experience.
July 12 -
The largest teams to go indie this year managed more than $5 billion in client assets.
July 7 -
Two advisers left Lebenthal Wealth Advisors to start their own practice approximately two years after they joined the firm.
July 7 -
The regional firm also says it recruited a junior Merrill adviser overseeing $39 million in client assets.
July 7 -
"His lies, piled on one after another, have led to today’s substantial and serious charges," U.S. Attorney Peter Neronha said.
July 7 -
The firm settled charges by Vermont securities regulators connected to a ski resort at the center of an alleged $200 million fraud. A related lawsuit filed by an SEC-appointed receiver is pending.
July 1 -
The firm misreported over 1 million transactions, according to the regulator.
June 29 -
The firm bought the unit, which has over 600 advisers, as part of a $150 million acquisition deal to boost its overall broker ranks.
June 27 -
Meanwhile, the SEC hints that more actions could follow the $425 million in penalties levied against the brokerage firm.
June 23 -
The wirehouse was hit with sanctions from the SEC and FINRA for disregarding securities rules, misusing clients’ cash and not disclosing product costs.
June 23
