Jessica Mathews

Anthony Guadagnino allegedly solicited at least 10 clients after his departure from the retail brokerage.

The low-cost brokerage followed its competitors for retail clients and will offer the new pricing to RIAs in November.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

Bill Mahler had been chairman of the firm’s equity capital markets and equity asset management units. He was also on the executive committee.

CFPs aren’t excused from acting as fiduciaries — even if they work at a firm that requires them to recommend proprietary funds.

“I do not meet anyone in person and that's intentional,” says one financial advisor.

As custodial pricing continues to fall, it’s still unclear where firms will make up the the money — but analysts and advisors agree other custodians will follow suit.

The IBD’s corporate RIA didn’t require about 350 banks to provide clients the terms of its arrangement.

The firm is relying on firm reputation and word-of-mouth referrals for growth.

A disgruntled client is poking at the firm’s low returns from its default sweep program, as well as its disclosure around the practice.