The consumer protection watchdog had previously launched a legal action accusing the bank of misleading customers on the interest rates it offers on savings accounts.
The RIA's new sister firm wants to help advisors "take control of their future" with a transparent ownership model and multi-custodial platform including Raymond James, Schwab, and Fidelity.
The six-advisor ensemble based in California marks the latest and largest departure from the Wall Street giant to the broker-dealer titan in the past year.
The insurance and retirement giant is promoting Mallee as another veteran leader, who's had nearly 20 years at the company, prepares to step down.
Research finds two-thirds of university endowments have assets in high-priced hedge fund and other alternative investments that have failed to outperform since 2008.
After leading the life insurance giant's brokerage business, the 25-year industry veteran will step up to oversee more than 2,800 financial advisors and fee-based planners.
As a change in SEC leadership and enforcement signals a more crypto-friendly climate, two voices see a constructive picture forming for digital asset adoption.
The deal adds roughly 350 financial professionals overseeing more than $12 billion in assets under administration and $4 billion in AUM to Cetera's network.
The move marks a pivotal strategic shift for the women-focused investment advisory firm and top-growing RIA.
Merchant's latest partnership with an established CPA firm and Mesirow's new strategic hire, an alum of Corient, enhance advisors' abilities to support tax planning in their networks.
