Sean Allocca

One high-net-worth client with more than $20 million in assets took the majority of the losses, the regulator says.

Fintech accelerator Scratchworks kicked off its second competition, having already funded two winning startups from its inaugural contest.

Applications that tackle the industry's compliance issues, automate back-office processes and streamline clearing and settlements are drawing interest from venture capital firms.

The customer relationship management platform will now pull all accessible client information into a single dashboard.

Regulators including FINRA are looking at ways to help spur innovation.

Startups are applying AI and big data to determine how advisory clients make investment decisions in real time.

Digital brokerages are boosting features to bring in new clients.

The RIA offers multiple income-oriented strategies and a proprietary asset allocation tool.

For wealthy people, Uncle Sam is a major challenge to asset growth.

Digital tools that help wealth management clients manage their emotions, he says, will have a big impact on the planning industry.