Organization Root Tag

At least two clients said they received calls from the advisor where he discussed his departure from the firm, according to the complaint.

Some of the same features that led to their unpopularity may also be what uncorrelated them from their peers, an expert says.

Lightyear Capital sold its majority stake in Wealth Enhancement Group to another wealth management industry entrant.

Because of bank sweeps, veterans and their families' accounts will default to a 26-basis point APY on cash — down from the 1%-2% returns they were getting from money market funds.

Withdrawals have topped $17.2 billion this year as investor money shifts to low-fee products.

The certifying body says it will no longer rely on advisors’ reports and it is convening a new task force to modernize enforcement.

There are red flags that may be pointing to elder fraud in a client account.

The revamped fund from BP Capital will now track an index of companies that derive “significant revenue” from sustainable energy.

The firm has been picking off talent from rivals, primarily wirehouses.

Clients often underutilize deductions for work-related technology purchases and travel expenses.

The bank will pay $1.25 million for alleged supervisory failures.

After affiliating with Advisor Group following its acquisition, Signature Estate & Investment Advisors aims to offer its TAMP across the network.

The activity began last Friday when 6.4 million shares hit the tape, fueling a record daily inflow for the fund.

Though designed to raise standards for broker-dealers, the SEC’s 564-page rule sent ripples throughout the advisory industry.

Advisors and their firms should be prepared for how they will respond to expanded fiduciary responsibilities under new standards.

The IBD network joins asset managers and other companies developing new methods to display how the products integrate into client portfolios.

Dan Arnold deployed a five-pronged argument for why consolidation is a recruiting boon for the No. 1 IBD.

Close to 80% of strategists cited competition from the mega-managers as their most significant challenge last year.

About 350 employees at USAA may lose their jobs due to the deal.

The new recruits came at the expense of wirehouse rivals Merrill Lynch and Wells Fargo.