Industry

Strong recruitment and help from the markets took the firm to new heights.

A former Massachusetts CFP and his colleague spent $1 million of their clients’ funds on personal expenses, including fast food, legal fees and ATM withdrawals at casinos, the SEC alleges.

Headhunters say they believe the new plan, which will allow dually registered financial advisors with at least $100 million in discretionary client assets under management to retain 100% of their advisory fees, will help Raymond James retain and attract top hybrid advisors.

Grandeur Peak Global Advisors is growing.

Sentinel Investments has hired Jason Ronovech, as lead portfolio manager of both the Sentinel Small Company Fund (SAGWX) and Sentinel Mid Cap Fund (SNTNX).

UBS’ latest hires come after Morgan Stanley hired several UBS advisors earlier this month.

The Certified Financial Planner Board of Standards, Inc. has added two newly created positions.

Wells Fargo has hired 17 advisors to its standalone branches and added nine advisors to its independent brokerage business, Financial Network.

If approved by stockholders in LPL’s annual meeting in May, Mulcahy will also serve on the Board’s Audit Committee.

The firm continues to expand its presence in Florida with the addition of a second Wells Fargo broker.