"Advisors are not going to like this, obviously," sad a senior industry executive.

Priority Financial Group, with an RIA of $3.1 billion in assets, is moving its broker-dealer operations to United Planners' Financial Services of America, an advisor-owned firm.

Wedbush Securities has 500 registered reps in 70 branch offices.

Bradley Heppner allegedly spent more than $40 million to renovate and decorate his Texas mansion.

"I never thought something like this could happen to us," Kyle Busch said in a statement.

GWG bond investors have incurred $1 billion in losses, according to the Department of Justice.

BCRED said in September it was cutting the monthly distribution to investors by 9% to 20 cents per share.

Meanwhile, the New York Post reports giant bank thinking of leaving Switzerland.

'We feel over the moon with this transaction,' LPL's CEO Rich Steinmeier said.

The wealth management industry right now is focused on the future of Stifel and its 2,000 highly desirable financial advisors.