Dan is a business journalist who previously worked for various local newspapers and industry publications. He also worked for two years in Beijing as an editor at China Daily. A graduate of the University of Missouri-Columbia, he has written about banking, local governments and the legal profession, among other subjects. He now covers how politics, policy and regulation affect the financial planning industry.
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Two teams and one advisor managing a combined $1.3 billion choose to set up shop at Wells Fargo's channel for independent advisors.
January 27 -
An wealth management duo from Ohio chooses LPL's unit for direct employee advisors to found Moto Wealth Partners.
January 27 -
Rather than investigate her claims against the head of the firm's wealth unit, the accuser claims that Citi's human resources turned its spotlight on her. Citi denies the claims.
January 27 -
The Wall Street giant still is often associated with deposits, lending and checking and savings accounts. But it's among the throng of firms seeking to give clients easy access to both banking and investing services online.
January 26 -
Plus, Cetera adds a $1.9B tax-focused firm, Choreo acquires two RIAs, and Modern Wealth expands in New York.
January 23 -
Brokers were worried a new rule intended to lighten their responsibility to monitor advisors' side hustles would ironically mean greater supervision duties with RIAs.
January 22 -
A Ninth Circuit appellate panel ruled that10 advisors recruited to LPL from Ameriprise have the right to resist turning over their personal devices to a forensic examiner to be searched for evidence of misappropriated client data.
January 21 -
Plus, Wells Fargo and Raymond James pull more teams from Commonwealth/LPL, and Elevation Point takes a stake in a UBS breakaway.
January 16 -
The wealth management giant capped off 2025 by pressing ever closer to the asset and wealth management target set by former CEO James Gorman.
January 15 -
Philadelphia-based Clark Capital will be one of several "boutique" firms in Raymond James' global asset management division.
January 15 -
Bank of America's wealth management businesses suffered a blow last year when principals of a team that managed $130 billion in AUM left for independence. Merrill executives are now looking to the future with ambitious recruiting and cross-selling plans.
January 14 -
The megabank sees its asset inflows swell by 14% while reporting greater numbers of client advisors and private bank advisors.
January 13 -
Wells Fargo stands out among wirehouses with FiNet, its dedicated channel for independent advisors. Wells Fargo Advisors head Sol Gindi says this structure gives the firm a competitive advantage rivals will find difficult to replicate.
January 13 -
Wells Fargo lands big teams from Merrill and Citi, while Cerity Partners and Mercer Advisors continue their aggressive M&A streaks.
January 9 -
The regulator considers raising the AUM threshold it uses when considering how newly proposed rules are likely to affect small RIAs.
January 8 -
After taking the reins in February, Shoukry has led Raymond James in a year marked by strong recruiting from Commonwealth Financial Network and other firms and records for advisor headcounts and net revenues.
January 8 -
Keith Todd Ashley, an advisor indicted for the murder of a client, has turned to the Fifth Circuit of Appeals to fight his 60-year prison sentence in a related fraud case.
January 7 -
Under a new proposal, clients would have to opt in to receiving account statements and other documents in paper form.
January 5 -
A FINRA arbitration panel finds a "pattern" in JPMorgan's attempts to blacken the regulatory records of advisors moving to rival firms.
January 2 -
American Portfolios Financial Services, a formerly independent brokerage now under the Osaic umbrella, was accused of not being forthright about its handling of clients' uninvested cash.
December 31
