Mason Braswell writes about all things related to wirehouses and registered investment advisers for InvestmentNews. Since graduating from New York University in 2012, he has been covering the business of financial advice. In his spare time, Mason can be found wandering the street of New York City with his camera. Follow him on Twitter @masonbraswell for updates on wirehouses, RIAs and regulatory issues facing the industry.
On the wall just inside the door of John Thiel’s corner office in downtown Manhattan’s World Financial Center…
The Horizon Group, a retirement planning firm formerly with Cadaret Grant, joins in Rochester, N.Y.
Citing 'widespread supervisory failures,' Finra says the firm failed to properly supervise sales of complex products, including certain ETFs, variable annuities and non-traded REITs.
The Newport Beach, Calif.-based firm picks up TPW Financial in Boston to bring its assets to $1.4 billion.
Niche firms focus on a single type of property
Citigroup has agreed to pay $180 million to settle charges tied to two hedge funds the SEC said were improperly marketed and sold by private bankers and Smith Barney brokers.
Sean Meadows pleaded guilty to diverting $10 million for business and personal expenses, including gambling and “adult entertainment.”
Richard J. Bernstein managed $425 million in client assets at Morgan Stanley, where he had worked since 2009.
Fifteen Barclays advisers have joined Merrill Lynch in the wake of news that Stifel Financial had agreed to buy their unit.
Markets and wealthier clients are driving up assets under management and profits.
