InvestmentNews

InvestmentNews
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Team managing $100 million at Morgan Stanley leaves to form hybrid
RIA NEWS AUG 26, 2019
Team managing $100 million at Morgan Stanley leaves to form hybrid

PrairieFire Wealth Planning uses B-D, RIA platforms of Sanctuary Wealth.

Morgan Stanley team managing $210 million joins Raymond James
RIA NEWS AUG 23, 2019
Morgan Stanley team managing $210 million joins Raymond James

Five-adviser group in Tucson, Ariz., moves to firm's employee unit.

Morgan Stanley team managing $345 million moves to Stifel
RIA NEWS AUG 23, 2019
Morgan Stanley team managing $345 million moves to Stifel

Five-advisor Huggins Winders Group joins firm in Tallahassee, Fla.

Fixed indexed annuity sales rise 14% to $20 billion in second quarter
LIFE INSURANCE AND ANNUITIES AUG 21, 2019
Fixed indexed annuity sales rise 14% to $20 billion in second quarter

Limra Secure Retirement Institute data finds VA sales stopped declining.

California-based RIA acquires $200 million RIA
RIA NEWS AUG 21, 2019
California-based RIA acquires $200 million RIA

Personal Financial Consultants adds $200 million in assets to $4.4 billion EP Wealth Advisors

HighTower makes 'significant' investment in Lexington, Mass.-based RIA
RIA NEWS AUG 20, 2019
HighTower makes 'significant' investment in Lexington, Mass.-based RIA

Lexington Wealth Management advises on $1 billion in assets and has 11 advisers.

Insurgent Chris Flint wins contested Finra election for big-firm board seat
REGULATION, LEGAL & COMPLIANCE AUG 19, 2019
Insurgent Chris Flint wins contested Finra election for big-firm board seat

Linde Murphy wins small-firm board seat that was also subject of contested election.

Merrill Lynch trio managing $260 million moves to Raymond James
RIA NEWS AUG 16, 2019
Merrill Lynch trio managing $260 million moves to Raymond James

Veteran advisers join employee unit in Virginia Beach, Va.

SEC charges California RIA with defrauding clients
REGULATION, LEGAL & COMPLIANCE AUG 15, 2019
SEC charges California RIA with defrauding clients

Craig Rumbaugh and his firms secretly received 5% commission on $3 million invested by clients.

SEC wins trial against former broker on insider trading charges
REGULATION, LEGAL & COMPLIANCE AUG 15, 2019
SEC wins trial against former broker on insider trading charges

Raymond J. Pirrello Jr. part of group that shared illicit trading profits