Industry News
Industry News
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The annual SmartAsset study reveals how the industry extends far beyond Wall Street's geography.
May 22 -
Also this week, LPL picks up teams from Cetera and Ameriprise and Stifel draws from Merrill
May 22 -
Regulators discovered Julie Darrah had been siphoning millions from elderly clients after WEG bought her practice in 2021.
May 21 -
In a consolidating industry, perpetual growth may seem like the only way forward, but financial advisors still have options.
May 20 -
The new rules, set to take effect May 23, will allow CFP applicants to forgo a more intensive review process in certain circumstances.
May 19 -
Rulings from the Financial Industry Regulatory Authority included a $360,000-plus payout from JPMorgan, scrutiny of B. Riley operations and more in April.
May 16 -
Also this week, Hightower invests in a large RIA and Bernstein names a new head of wealth management.
May 16 -
LPL Financial is well known to advisors but not necessarily to their clients. A new ad campaign airing this weekend during PGA Championship coverage aims to change that.
May 15 -
Despite the notable flows and valuations, some sellers get locked into an ill-fitting parent firm without many options for getting away.
May 15 -
The industry rivals could still turn to FINRA arbitration to pursue their dispute over allegedly unwarranted data breach notices Ameriprise sent LPL customers.
May 9 -
Also this week, a Dynasty Financial firm picks up a $1.5B team from Morgan Stanley, Wells Fargo recruits from PNC Investments and UBS, and LPL draws from Osaic.
May 9 -
In an earnings call, LPL's CEO said his efforts to woo Commonwealth advisors have extended to a "rain-soaked" bike ride and wine-tasting tour.
May 9 -
Our research-driven program recognizes RIAs with superior company practices, cultures, programs and benefits.
May 9 -
Our research-driven program recognizes money managers with superior company practices, cultures, programs and benefits.
May 9 -
CEO Tony Miller thinks the financial backing Janney draws from the private equity firm KKR allows it to provide a full gamut of advisor support without losing its intimate feel.
May 8 -
Private equity-backed consolidators need platform uniformity to grow — but without sacrificing acquired RIAs' unique strengths.
May 8 -
Industry trackers see Raymond James' proposal to buy minority stakes in its independent affiliates as a good way to reinvest while also warding off outside competition.
May 6 -
A unit of the bank bought by UBS in 2023 pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts
May 6 -
The CEO of Summit Wealth said that even before LPL announced its acquisition deal, he and his colleagues were already finding Commonwealth too big for their liking.
May 5 -
Also this week, Focus Financial ups the responsibilities for some top executives and Advisor Asset Management appoints a new CEO.
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