Cornerstone Financial Planning, a hybrid firm that's based in Fort Myers, Florida, and manages $160 million, has changed its broker-dealer affiliation and registered investment adviser platform to LPL Financial from Securities Service Network, which is part of Advisor Group.
Cornerstone is led by Ed Bell III and Gretchen Collins, who are siblings.
The firm was founded by Bell and his late father in 2001. Collins joined her brother at the firm from Wells Fargo Advisors in 2017.
The "Crypto Mom" departure would leave the SEC commission with just two members and no Democratic commissioners on the panel.
IFP Securities’ owner, Bill Hamm, has a long-term plan for the firm and its 279 financial advisors.
Meanwhile, a Osaic and Envestnet ink a new adaptive wealthtech partnership to better support the firm's 10,000-plus advisors, and RIA-focused VastAdvisor unveils native integrations with leading CRMs.
A former Alabama investment advisor and ex-Kestra rep has been permanently barred and penalized after clients he promised to protect got caught in a $2.6 million fraud.
As more active strategies get packaged into the ETF wrapper, advisors and investors have to look beyond expense ratios as the benchmark for value.
Wellington explores how multi strategy hedge funds may enhance diversification
As technical expertise becomes increasingly commoditized, advisors who can integrate strategy, relationships, and specialized expertise into a cohesive client experience will define the next era of wealth management
