Industry

As of May 2, CFPs will lose the right to sue the board.

The wirehouse was seeking to resolve class-action lawsuit alleging labor-law violations in advisor trainee program.

The ex-Merrill executive had been at the wirehouse for almost three decades.

The former wirehouse advisor is the newest hire at Snowden Lane Partners, an independent firm.

“We expect this momentum to continue and potentially accelerate over the next five to seven years,” says investment banker David DeVoe.

Unscrupulous advisors are finding safe havens, and fear no regulatory body.

The Bank of America unit that serves ultrawealthy clients picked a Merrill executive to oversee its Central North division.

Raymond James is seeking to undo a fired advisor's arbitration win against the firm, arguing that a FINRA arbitration panel exceeded its powers.

“We expect this momentum to continue and potentially accelerate over the next five to seven years,” says investment banker David DeVoe.

Independent robo providers still have a chance to survive and reach sustainability, thanks to an expected flood of smaller accounts being shed as a result of the rule.