JPMorgan and RBC have also welcomed ex-UBS advisors in Texas, while Steward Partners and SpirePoint make new additions in the Sun Belt.
The two firms violated the Advisers Act and Reg BI by making misleading statements and failing to disclose conflicts to retail and retirement plan investors, according to the regulator.
Elsewhere, two breakaway teams from Morgan Stanley and Merrill unite to form a $2 billion RIA, while a Texas-based independent merges with a Bay Area advisory practice.
Analysis of four-year data shows average account balances nearly doubling among steady savers, with younger workers seeing the largest percentage growth.
Survey research shows just over half of Gen Xers satisfied with advice as retirement and economic anxieties take a toll.
The pop megastar's $1.6 billion fortune and the Kansas City Chiefs tight end's millions aren't the only things that need protecting, experts say.
With advisor-managed HNW assets set to top $30 trillion by 2028, Cerulli says firms moving upmarket are under pressure to offer a wider range of sophisticated solutions.
Meanwhile, Fifth Third's RIA arm adds a former billion-dollar BNY trio in Boulder, Colorado, while a hybrid RIA opens a new North Carolina location with a former Raymond James-affiliated team.
Analysis highlights swelling out-of-pocket costs and wasted time on paperwork, with an outsized toll on businesses and around crypto transactions.
The appointment to its investment management arm comes roughly a year after the firm first announced plans to launch its own exchange-traded fund platform.
