“The monitoring systems this firm had in place were insufficient to detect unsuitable sales of high-risk investments,” the regulator said.
Meanwhile, Merrill extended its reach in Florida with the addition of a veteran reporting $645 million in client assets from UBS.
The industry keeps investing in better tools. The real opportunity is getting advisors to actually use them.
Why tailored communication, not constant communication, defines lasting client relationships
Record tips and whistleblower payouts highlight SEC’s intensified enforcement push.
Firms continue talent push with experienced advisors and multigenerational teams.
Meanwhile a $1.5B deal sees Fool Wealth formally join Apollon Wealth Management.
In the most aggressive cases, the bank's new revenue targets would effectively double some bankers' required output from a year ago — which some insiders say is simply out of reach.
If robots are taking jobs, the argument goes, they should pay into the system those jobs used to support — and CEO Sam Altman is now making that case to Washington.
Lexington Wealth Management becomes the second external acquisition for HTSW, pushing the mega-RIA's W-2 advisory platform past $29 billion in assets.
As automation reduces operational drag, Pave Finance argues smaller accounts are shifting from burden to growth channel
The firms allege a single filing triggered a chain reaction that shut them out
The two firms are among the most prominent in the retail securities industry and financial advice market today.
Discussions around systemic risks, unsettling headlines, and manager reputation – among other issues – can be an opportunity to remind high-net-worth clients about the importance of strategic diversification.
The most effective charitable strategies don’t begin with tax optimization. They begin with intent, and they are built into the financial plan from day one
Vitals AI, spun out of Csenge Advisory Group, is closing after running into the technical and financial burden of integrating with the fragmented advisor tech stack landscape.
No PII has reportedly been breached, but advisors and wealth tech execs say it should raise tough questions about data security and AI vendor risk management.
With millions of children already enrolled ahead of a July 4 launch, the accounts will eventually be made portable to other custodians — opening a new competitive front for advisors.
A sweeping new survey finds that experts across academia, industry and policy largely agree that artificial intelligence will reshape the economy — but disagree sharply about how much.
Owner and CEO Vincent Camarda pleaded guilty to securities fraud after allegedly funneling client money into a mining venture and his son's coffee shop – while pocketing the difference
