Industry

Large data pulls required in stepped-up SEC exam are not related to ongoing troubles at Girard parent RCS Capital or American Realty Capital, CEO says.

Some RIAs who claim to be for sale "have no intention of selling," said United Capital's Matt Brinker. "They like the dance."

"I spent the first 21 years of my professional life in the broadcast industry. ... When you’re on deadline, you almost have to become an instant expert," says Edward Jones advisor Alison Gilman Aquino.

Latest setback for Schorsch's financial empire as accounting firm steps aside.

Ameriprise Financial reported 33% year-over-year growth in wealth management profits.

A pair of sessions at the FSI OneVoice conference focused on recruiting and retention challenges facing IBDs, many of which center on hybrid or dually registered RIAs who are edging toward greater independence.

Oppenheimer Holdings will pay $20 million to settle U.S. regulatory claims that it improperly sold billions of shares of penny stocks on behalf of an offshore brokerage.

Raymond James & Associates recruited advisors from Oppenheimer & Co. and Wells Fargo Advisors, each with close to $1 million in revenue.

One of the San Francisco Bay Area’s most prominent independent wealth management firms is selling a majority equity interest.

The claim represents more than half the awards handed out by the regulator against advisors so far this month.