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Advisor Group, Raymond James, LPL, New York Life, Stone Point Capital, and other news and moves of the week in the financial advice world.

The White House’s sweeping proposal to raise taxes on the wealthy will likely force advisors to get creative as they structure sales of their practices.

The firm slimmed down its headcount slightly, even as it saw an uptick in advisor-related revenues from fees and asset management.

The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.

The company upped its recruiting package last year, a change that has been “very well received by prospective advisors,” according to the CEO.

Aside from their rock-bottom fees, those with the largest gains have at least one commonality: asset allocation.

Constantinos Maniatis exercised discretion in seven customer accounts despite the firm no longer allowing discretionary trading, the regulator said.

As younger wives increasingly cede money matters to their spouses, advisors should urge them to know where and how they're invested, says trusts and estates attorney Sharon Bilar.

The policy issues grow more urgent every year, but lawmakers haven’t passed any significant legislation for nearly 4 decades.

It’s time to revisit your firm’s protocols to ensure they make sense given widespread tech adoption during the pandemic, writes Wes Stillman.