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.
A former Green Bay Packers starter is unlikely to recoup funds lost from Resource Horizons, a firm that's already racked up more than $4 million in unpaid damages. (More: 7 famous athletes who claimed they were duped by advisers)
Family-owned brokerage firm Lincoln Investment Planning has sold a 20% stake to Lovell Minnick Partners, a private equity firm.
Dwight Freeney accuses the firm and adviser Michael Bock of leading him into a massive scam. (Plus: 7 athletes who say they were duped by advisers)
Bronfman E.L. Rothschild buys Neal Simon's Highline Wealth Management, creating a $3.6 billion firm — the latest example of big consolidations among independent advisers.
Acquisitions among registered investment advisers were flat last year, as buyers grew more selective about culture and philosophy of firms on the block.
Most Fintegra brokers move to Securities America after their former firm is ordered to pay $1.5 million arbitration award.
In rare dissent, one arbitrator says other Finra panelists were swayed by sympathy, not the law.
Such loans are growing quickly, but some are concerned about the potential downside and conflicts of interest.
John Waszolek allegedly took advantage of the client's lack of capacity to be named beneficiary of her estate, Finra said.
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
