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Thousands of clients paid sales charges that they wouldn’t have incurred had they held the pricey alternative products until maturity, according to FINRA.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The giant wealth manager is re-hitting its stride after its best quarterly net gain in advisors in at least two years.

The Internal Revenue Service is focusing on cryptocurrency tax evasion with virtual currencies like Bitcoin and nonfungible tokens, employing data analytics to uncover transactions that crypto users assumed were hidden.

The newly formed unit comes just weeks after the CEOs of the six biggest U.S. banks were grilled by Congress over ties to cryptocurrencies.

The California team wanted to keep serving international clients after the wirehouse elected to focus on domestic wealth management.

The No. 1 IBD added to its record headcount with the third billion-dollar move it unveiled in a two-week span.

Such changes can occur without new rulemaking, agree fiduciary advocates and ex-regulators at an Institute for the Fiduciary Standard press conference

The nonprofit's response to the scathing criticism of the Independent Task Force on Enforcement was to protect its own executives at the expense of benefiting investors, writes Allan Roth.

The advisors went independent in part because Wells Fargo halted its wealth management business outside the U.S. earlier this year.

The firm is following through on its $30-billion pledge and trying to forge a different onramp into the profession.

The SEC has tweaked certain accounting rules and is considering doing more.

Advisors who use at least two of the services will receive discounted pricing.

The move for the company’s primary advisory accounts will cut costs for clients and build its fee-based business, President Elizabeth “Libet” Anderson says.

A combination of high valuations on companies and potentially higher levies in the future is proving to be a potent motivator for families to sell long-held businesses.

Most credit unions don’t offer planning services, and affiliating with the No. 1 IBD could help CUNA Brokerage change that, the firm’s president says.

The multigenerational practice decided it was time to make the move.

The 10-person practice, rebranded as Puzzle Wealth Solutions, is led by CEO John Klaas and COO David Millington.

Its parent seeks to support more holistic planning by combining it with two other subsidiaries.

The deal values the robo advisor at close to $966 million, according to people familiar with the matter.