The fraudulent "royalty payments" scheme, which involved $106 million in false tax deductions claimed over nearly a decade, reportedly cost the IRS $37 million in tax losses.
The Wall Street giant's CEO defends its office-first policy while others argue for remote flexibility, especially for working mothers.
The latest defections from CUSO Financial Services, which operates within LPL, add nearly $500 million in client assets to Osaic's institutional platform.
Meanwhile, AdvisorEngine has announced new partnerships for AI notetaking, client data access, and streamlined workflows.
An extended alliance between the Cleveland-based RIA and GLASfunds is set to deliver expanded private market access and back-office simplification for advisors.
With a new regime at the SEC, Savvy Wealth's Lisandra Wilmott speaks out on ongoing and unfolding risks around off-channel communications, AI, and private market investments.
The veteran leader from Cresset will support Emigrant's network of high-net-worth advisory firms and specialty platforms.
The challenger custodial platform's latest agreement will give advisor users access to enhanced portfolio capabilities including single stock support, tax management, and direct indexing.
Easy-to-miss fees and incentives around assets managed could make such alts vehicles a losing proposition for investors.
The firm is partnering with Apollo, Goldman Sachs, Sagard and others to launch collective investment trusts aimed at portfolio diversification.
