A Financial Telesis Inc. adviser with $700 million in assets under management has bucked LPL Financial's recruiting deal and signed on with Commonwealth Financial Network.
Benjamin W. Wong, who runs an eponymous financial planning firm in Pleasanton, Calif., has joined the independent broker-dealer
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Proposal from FinCEN would have investment advisers monitor and report questionable activity under the Bank Secrecy Act.
Regulator bars owner of Total Wealth Management, Jacob Cooper, known as 'Main Street Madoff' by former clients, and holds him liable in case where losses are expected to total as much as $44 million.
The $5.4 billion deal could have RBC's regional wealth management business looking more like a wirehouse or private bank than a regional firm.
As part of her claim, ex-broker alleges the wirehouse's recent move toward mandatory arbitration is an attempt to prohibit employees from publicly challenging unfair practices.
With giant broker-dealer's stock down 25% from its high last year, experts say Marcato could push for major changes.
