Independent advisors

As the RIA market expands rapidly, Goldman Sachs Advisor Solutions is gaining ground with more RIAs seeking bespoke services for ultrahigh net worth clients.

FINRA argues that brokerage representatives should have the ability to keep information about private residences out of public databases.

Panelists at the self-regulator's annual conference list instances when they should document the reasons for the investment advice.

A bill before Congress would let planners with certain securities licenses place clients' money in private markets regardless of their income or net worth.

Representatives of the industry argue the changes would fall particularly hard on planners who are authorized to make trades on behalf of clients.

The financial services firm continues to go before FINRA arbitration panels to defend itself against claims over ex-broker's actions.

The firm and an advisor kept clients in leveraged funds for extended periods, even though they were often meant to be held for a single day.

But the firms continue to close faster than new ones open, suggesting consolidation remains an industry trend.

Lawyers for the popular brokerage service argue that federal regulators have resisted the use of a single conduct standard to preserve investor choice.

Tapping a relationship that was around 15 years strong, Sanctuary won a legacy Merrill Lynch team in the competitive market for independent advisors. Here's how it happened, Sanctuary president Vince Fertitta told FP.