State regulators have launched an investigation into mutual fund trading practices at
In a filing with the
Back in December, James Connelly, Algers erstwhile vice chairman, was convicted of obstructing New York Attorney General Eliot Spitzers probe by instructing employees to get rid of potentially incriminating evidence.
Alger said in the filing that it is prepared to make appropriate restitution if it the probe reveals that improper trading lowered investor returns.
Gryphon Wealth will keep Wells Fargo Clearing Services as its custodian in a deal that brings in tech support from TradePMR, a firm acquired by Robinhood in 2024.
If wealth management clients have children who are recent college graduates, pointing them in the right direction on their first 401(k)s helps build strong connections with two generations.
Subscribers to Financial Planning can earn one continuing education credit toward recertification by successfully completing the 10-question quiz.
Even if they must refer wealth families to a tax professional for a generation-skipping or dynasty trust, financial advisors can play a valuable role.
Jim Gold of Steward Partners thinks impending advisor retirements will continue driving smaller RIAs into M&A deals with big acquirers — even as AI turns many investors into "do-it-yourselfers."
Justin Brownlee started an RIA targeting energy, oil and gas employees. His hyperspecific marketing tactics have helped grow the firm into a thriving niche.
