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The practice has grown rapidly, but it now faces a major decision about its IBD plans following the announcement of Advisor Group’s acquisition.

The wirehouse has lost at least 123 advisors managing $15.7 billion in client assets year-to-date, according to other firms’ hiring announcements.

The combined amount across the top 10 firms has jumped 37% to $385.3 million over the past three years.

Vitaly Korchevsky was convicted of pocketing at least $14 million by trading securities on information he gleaned from press releases stolen by Ukrainian hackers before they were released publicly.

Total assets of the fund have increased almost 20 times since December.

Industry changes and ongoing bank scandals have tilted the playing field in favor of smaller brokerages.

If clients file for spousal benefits after reaching their full-retirement age, they can get up to six months’ worth of back benefits, but they have to ask.

The change is needed to better align the interests of RIAs and the custodians that serve them.

Although the cost of living adjustment increased 2% this year, half of retirees cannot expect a substantial increase in their benefits.

The asset manager's flows are down 42% year-over-year. The industry: 50%.