Franklin Resources' fixed-income unit settles SEC charges and closes firm-level DOJ and regulatory probes, but Kenneth Leech's criminal case continues.
S&P Global reaffirms its profitability rules, leaving SpaceX's lofty $135-a-share IPO without the benchmark's passive fund boost.
Industry group submits testimony supporting S2782, which includes language shielding licensed financial professionals from the state's contentious new ABC test.
Also, Zocks and Amplify unveil integrations with Conquest and Wealthbox CRM to extend their reach among independent advisors.
The milestone caps a relentless run driven by low costs and a historic shift toward passive index-based strategies among American investors.
The deal creates one of the largest independent RIA footprints in the Philadelphia metro region, with more than $30 billion in combined client assets.
Elsewhere, Osaic and Ameriprise each recruited family-owned practices previously affiliated with LPL and Thrivent.
The agreement marks the end of a four-decade sub-advisory partnership while giving Wellington a scaled distribution platform for financial advisors.
CEO Rob Nance says the industry's first purpose-built transitions platform can compress months-long moves into days, effectively removing a key barrier to independence.
Cresset hires Evoke Advisors alum to expand New York presence while Callan sharpens its focus on philanthropic consulting, wealth, and legacy planning.
