Industry

The advisor was with Raymond James for five years without any customer complaints noted by FINRA.

The latest Schorsch bombshell "makes quality advisors super uncomfortable," says executive recruiter Mindy Diamond.

Profitability and control still rank high on the list of reasons advisors go independent, but the ability to have new and better systems – especially software – also plays a compelling part.

Nicholas Schorsch has resigned from RCS Capital, New York REIT and 11 other non-traded real estate investment trusts and direct investment programs sponsored by AR Capital.

The Bogart Group was previously with RBC Wealth Management-U.S., managing client assets of more than $600 million.

Winthrop H. Smith Jr., son of Merrill Lynch pioneer Win Smith, gives his take on "Mother Merrill," and how the firm's old culture impacts the present.

"He called for the male clients, I called for the females," says ex-assistant, who says she knew phone calls to liquidate client assets after a B-D change were wrong.

Ameriprise advisor Joe De Sena explains how getting involved in a charity changed his practice. "It's about making contributions to their lives in a way that has almost nothing to do with the money."

For buyers, the cost of funds is low now. For sellers, valuations are rich. Cashing out now is an “easy case to make," says AssetMark EVP Michael Abelson. "Or they can keep riding the wave."

BlackRock, Macquarie Group and Millennium Capital Management former employees are planning a Hong Kong-based hedge fund which will use computer models to spot trading opportunities in 13 Asian stock markets.