Economy

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.

The freshly recapitalized firm is offering succession services without any custodial or affiliation requirements.

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

Under the Labor Department’s final regulation, firms in different industries will be allowed to establish a joint retirement plan provided they operate in the same state or metropolitan area.

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

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

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

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.

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.

The new recruits managed over $300 million in client assets.

Reorganization includes the departure of one of the company’s highest paid executives.

The Advice & Wealth Management segment added 72 experienced advisors who affiliated in the second quarter.

The firm isn’t “the high bidder,” and that’s just fine, according to Paul Reilly.

The Labor Department is poised to release a rule that would make it easier for small businesses to establish a multi-employer 401(k) plan for their workers.

Integrated Partners added a father-son team, surpassing its recruited client assets from the previous year.

Profitability is improving and all divisions, except the firm’s biggest — wealth management — surprised the market on the upside.

The executive's sudden announcement raises questions about whether the company’s retail brokerage platform will compete with advisors.