Unregistered Chicago investment adviser allegedly stole $1.8 million from clients, fabricated account statements, and used new investor funds to repay earlier ones.
The broker-dealer giant's newest C-suite hire brings 30 years of enterprise technology leadership, including time at Fidelity, to its expanding AI agenda.
The New York Fed's May survey shows consumers' financial confidence at multi-year lows despite stable price outlooks.
Merrill has also extended its ranks in California with a $450 million team from Morgan Stanley, while Raymond James adds a seasoned Edward Jones advisor to its independent channel.
Mark Tremblay joins as the firm's third senior hire in under two weeks, signaling an accelerating talent push.
Advisor demand for structured products and private markets puts pressure on independent platforms to deliver institutional-grade solutions.
New data from FINTRX show breakaway teams and M&A powering the next generation of mega-firms, with Wisconsin emerging as a dark horse on the state-level leaderboard.
Plus, Well Fargo hails May recruitment haul totaling more than $3 billion in assets, while UBS recruits a top advisor and women's champion from Lazard.
The two wealthtech platforms name new C-level executives as AI-native strategy and private markets growth accelerate across the advice industry
Meanwhile, Cresset welcomes a $1 billion AUM advisor from JPMorgan as managing director, while Sanctuary helps a Merrill Lynch breakaway launch his own independent RIA.
