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Raymond James adds Tennessee team managing $832 million
The nine-member group, which will do business as Fountain Financial Group, had been affiliated with First Horizon Advisors.
Advisor managing $160 million joins LPL from Ameriprise
Dallas-based Matt Irwin has 24 years of experience, all with Amerprise and a predecessor firm.
B-D SPAC deal takes shape; Larry Roth to have lead role
When aggregator Wentworth Management Services goes public by merging with a SPAC, Kingswood, sometime in the next few months, industry veteran Roth will serve as chairman.
Rep monkeyed around with client information to sell more GPB: Finra
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
GWG bondholders tee up lawsuits against broker-dealers, executives
GWG was a 'classic Ponzi scheme,' according to a group representing investors.
Indiana indie with $220 million joins Commonwealth from Cambridge
Accounting-oriented Strategic Planning Group is based in Fishers, Indiana.
$830 million indie team moves to LPL from Royal Alliance
Kansas-based Strategic Partners is affiliating with LPL through National Financial Alliance.
Thank you, 2022, from InvestmentNews
I’m grateful to have led the remarkable team at InvestmentNews as editor-in-chief in 2022, and we have great expectations for 2023.
Dynasty IPO is still in the cards, Shirl Penney says
Despite Dynasty's sales of minority ownership stakes to Schwab and a private equity investor, a public stock offering is still the best long-term strategy for the platform, the CEO says.
This year should have been worse for broker-dealers
One of the big themes in 2022 was how well the broad retail wealth management industry has insulated itself from the downside of the bust part of the cycle.
Raymond James ordered to pay $12 million to Texas plane crash families
The pilot, Jeffrey Weiss, had been a financial adviser with Raymond James & Associates in Houston.
At LPL Financial, advisory assets are far sweeter than brokerage
An LPL presentation on the return on various types of assets shows the age of advisory assets and fees has arrived in the broad financial advice industry.
Stifel adviser managing $200 million joins Raymond James team
Howard Kaplan is affiliating through indie Riegel Financial in Ohio.
Nontraded REIT chickens come home to roost at wirehouses, RIAs
The liquidity issue is squarely in the laps of financial advisers who have never had to deal with the difficulties posed by nontraded REITs before.
Cetera closes broker-dealer First Allied Securities
San Diego-based First Allied had close to 600 brokers and financial advisers under its roof before the Covid-19 pandemic.
Ex-LPL adviser arrested in Illinois on theft charges
Bradley Goodbred now faces criminal charges of stealing money from an elderly client, in addition to civil charges from the SEC.
Raymond James introduces data-driven actionable insights
The application, called ‘Opportunities,’ is intended to prompt adviser-client communication.
Finra smacks Advisor Group with $1.3 million penalty over private placement sales
The four Advisor Group firms sold investors GPB private placements but failed to tell them that GPB hadn't made required filings, including audited financial statements.
Lincoln Financial team managing $650 million moves to LPL
Financial House, a six-adviser group based in Centreville, Delaware, was established more than 30 years ago and is now in its second generation of owners.
Former LPL exec Bill Morrissey to head Atria’s independent channel
The private equity-backed firm operates six broker-dealers, including Cadaret Grant, NEXT Financial and Western International Securities.
