Over a dozen transfers the veteran Milwaukee advisor made to a joint brokerage account violated Finra's rules, according to the regulator.
The self-described growth accelerator announced its newest hires, with experience from UBS and United Capital, as it continues to expand support for RIA partners.
Bluespring also secured its eighth acquisition for 2025, a $1.4 billion Kestra affiliate firm, while $609B behemoth Mariner extended its footprint.
The ex-head of experienced advisor recruitment at Edward Jones arrives as her former firm extends its retirement and banking offerings.
Independent RIA survey finds market bullishness has climbed 65%, though concerns around a correction, shifting US policies, and recession risk are still lingering.
The Securities and Exchange Commission's work around easing alternatives in 401(k)s has also slowed down as staff furloughs bite at the agency.
With industry growth accelerating, Schwab is extending its fee-based support program to a broader range of independent advisory firms.
The top-level changes come in the wake of the Aon-owned firm's divestment of Wealthspire and other affiliated wealth businesses to PE firm Madison Dearborn Partners.
Counting another deal in Massachusetts, the $26 billion RIA has just added more than $5 billion in assets, matching its full-2024 total.
The IBD's latest hire will drive its inorganic growth strategy while building on its momentum in recruitment.
