Depending on how financial advice firms bill clients, look for fee revenue on assets to decline this quarter or next.
“The monitoring systems this firm had in place were insufficient to detect unsuitable sales of high-risk investments,” the regulator said.
“The implications of a Moody’s downgrade itself are that it damages confidence,” said a senior industry executive.
The two firms are among the most prominent in the retail securities industry and financial advice market today.
Meanwhile, KKR FS also limits client redemptions.
“Crypto’s institutional moment has arrived,” an executive said.
InvestmentNews reported in February that Kestra was beefing up its group of recruiters.
Brooklynn Chandler Willy, 46, was the owner of a San Antonio based company named Queen B Advisors.
A federal judge in February made the recommendation to deny Stifel’s motion to vacate.
2025 was a boffo year for advisor moves and recruiting, according to a new report from Diamond Consultants.
