News Feed

The UHNW unit signed advisors managing a combined $3.7 billion this year and committed to maintaining a physical presence in its New York headquarters.

LPL Financial and indie rivals like Raymond James, Wells Fargo FiNet and Kestra Financial completed at least 17 recruiting grabs of $800 million or more this year.

The popular trading app omitted information about its payment for order flow practice, the regulator says.

Like its largest rivals, the wirehouse kept grids at par after a tumultuous 2020.

The state’s securities regulator claims the popular app uses “gamification” to manipulate customers and fails to prevent frequent outages on its trading platform, among other misconduct.

They're among a handful of companies willing to hold clients' digital assets for safekeeping. Many of their peers balk at the reputational and financial risks.

With 350 firms on its client roster, the acquisition of Flourish gives the insurer a springboard into the independent advisor market.

The regulation permits more exemptions from fiduciary duties, but may itself be replaced by the incoming Biden administration.

Despite a rocky year, these 20 funds recorded an average return of 13.6%.

It’s the second-biggest hire of the year for the wirehouse.