Jessica Mathews

Clients overpaid more than $12 million because of operating flaws and coding failures in an automated device advisors relied on for executing mutual fund orders.

Jason Wenk, founder of Altruist, is ramping up for an end-of-year debut.

Strategies may include building out RIA channels and cash sweep programs in efforts to make up for revenue declines.

By slashing fees, custodians are also eliminating special ETF platforms they had spent the past five years building out.

The regulator’s expanding number of share-class cases fill in the details it says have been missing from Form ADV disclosures about conflicts of interest.

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.

The new advisors have joined the firm from rivals including Wells Fargo and Morgan Stanley, according to an internal memo.

No RIA has ever custodied with TD Ameritrade when opting into the Dynasty Network.

Other custodians are skeptical that financial planners want the tool in the first place.

Some advisory firms are rethinking whether absolute independence is still the best — and most cost-effective — option.

While there are now 1,100 advisors who are women at the firm, they make up less than 16% of the headcount.