The penalty, one of the biggest against a robo-advisor, comes after Ally reportedly failed to preserve more than 22 million business-related electronic communications due to technical errors.
The merger announced Thursday rivals other monster deals this year by fellow mega-RIAs Corient and Mariner.
RBC, Ameriprise, and Wells Fargo also announced new additions from Northwest Financial Advisors, LPL, and other rivals.
Leaders from the IMF, Nvidia, and JPMorgan offer split views on the staying power of AI-driven market gains.
Wealthspire Advisors’ “Find Your People” program empowers both new and seasoned advisors with tailored mentorship, personal branding, and a culture of authentic growth.
New FINRA findings suggest younger crypto- and meme-focused investors may be especially vulnerable to fraud and counterparty risks.
While recession fears linger, advisors report confidence in client retirement readiness and anticipate benefits from recent tax reforms.
The longtime CEO of JPMorgan sided with President Trump's proposal for less frequent disclosures, citing "endless rules" that are "part of a much bigger problem."
Meanwhile, Americana Partners has expanded its own footprint in Nashville, while BIP boosts its presence in Atlanta.
Kathreen Alcorn joins the Cleveland-based RIA's C-suite with over two decades of experience, including senior leadership at Nasdaq.
