Industry

An advisor managing $181 million in assets left Morgan Stanley for the Swiss firm.

TK

Two advisors have been hit with fraud charges for allegedly misleading clients about a hedge fund managed by an investment novice and debt collector.

A trio of top custodial executives discussing big trends for the RIA sector downplayed the term -- at least as a marketing advantage -- during a panel this week at the MarketCounsel summit in Las Vegas.

Merrill Lynch compensation remains mostly the same next year, with some tweaks to smaller accounts.

Lebenthal picked up an RIA that oversees $250 million in assets, as well as a team of two advisors in New York.

Mega teams spend months, sometimes years, in the effort to find a new home and transition their oversized books.

Mark Evans will provide investment advice to clients of Ascent Private Capital Management. He is the second managing director of investments to join Ascent's Minneapolis office.

Canadian Imperial Bank of Commerce is weighing a bid for Frank Russell Co.’s asset management arm, a business the London Stock Exchange Group is preparing to sell early next year, people with knowledge of the matter said.

The three founders of Concord Equity Group Advisors, a firm LPL bought in 2011 after the RIA allegedly hid commissions from its institutional clients, settled with the SEC.