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InvestmentNews
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Focus Financial firm to acquire $723 million RIA
RIA NEWS DEC 01, 2020
Focus Financial firm to acquire $723 million RIA

Horan Capital Management will become part of Connectus Wealth Advisers

Thomas Sporkin tapped by CFP Board to head enforcement
REGULATION, LEGAL & COMPLIANCE DEC 01, 2020
Thomas Sporkin tapped by CFP Board to head enforcement

The former SEC executive will beef up the organization's detection, investigation and prosecution

Focus Financial takes stake in $682 million RIA
RIA NEWS DEC 01, 2020
Focus Financial takes stake in $682 million RIA

Kavar Capital Partners, founded in 2011, is based in Leawood, Kansas

BlackRock, Vanguard not that supportive of shareholder ESG resolutions
RIA NEWS NOV 30, 2020
BlackRock, Vanguard not that supportive of shareholder ESG resolutions

BlackRock voted in favor of just 11% of climate resolutions in the 12 months ended in August, while Vanguard voted in favor of 15%

How will global markets react to U.S. election? Jeffrey Kleintop on this and more
THE INVESTMENTNEWS PODCAST NOV 30, 2020
How will global markets react to U.S. election? Jeffrey Kleintop on this and more

Schwab's chief global investment strategist Jeffrey Kleintop joins Jeff Benjamin and Bruce Kelly to chat about the global markets and how they'll react to the U.S. elections, the ongoing pandemic and Black Friday.

San Diego hybrid managing $250 million returns to LPL
INDEPENDENT BROKER DEALERS NOV 30, 2020
San Diego hybrid managing $250 million returns to LPL

Nautica Wealth Advisors had moved with its OSJ to Cetera for three years

SEC settles with RIA involved in $3 million Ponzi scheme
REGULATION, LEGAL & COMPLIANCE NOV 30, 2020
SEC settles with RIA involved in $3 million Ponzi scheme

Craig Rumbaugh and his California-based firms will pay $1 million for misleading investors

Labor Department sends fiduciary rule update to OMB
RETIREMENT PLANNING NOV 25, 2020
Labor Department sends fiduciary rule update to OMB

Approval may be moot as the new administration could easily quash it

JPMorgan Chase penalized $250 million for risk management failings
REGULATION, LEGAL & COMPLIANCE NOV 24, 2020
JPMorgan Chase penalized $250 million for risk management failings

Regulators found that the bank's asset and wealth management businesses lacked controls to avoid conflicts of interest

MAI Capital Management acquires $500 million RIA
RIA NEWS NOV 23, 2020
MAI Capital Management acquires $500 million RIA

St. Louis-based Greenway Family Office is MAI's second acquisition of 2020