The settlement with Baird stems from Finra's 2020 targeted examination regarding rights of reinstatement.
Georgia-based GER Loftin Wealth Advisors oversees $225 million in client assets.
Rita Robbins, the 2023 recipient of the Alexandra Armstrong Award for Lifetime Achievement, founded Affiliated Advisors 30 years ago, a ground-breaking move in a career that has created new opportunities for women.
$2.1B firm is part of Northwestern Mutual's Private Client Group.
'It’s a devastating award, or lack thereof, for the claimants and a massive victory for Raymond James,' says an attorney not involved in the case.
"Perry is a very talented, sharp person, who's been bumped up from recruiter to head of a region to leading a division," says one industry executive.
'Interest rates are coming back, so where you put clients' money in cash is an issue again,' one attorney notes.
Bellevue, Washington-based iCap focused on developing apartment buildings and stand-alone real estate.
The failure to make adequate disclosures is a violation of federal securities laws, according to the complaint.
LPL also hit with $40 million charge related to the SEC's ongoing investigation of electronic communications.
Client assets are up 15%, while cash sweep and certificate balances are down $5.8 billion from the year-ago period.
'Our advisor recruiting has picked up significantly over the last two months, with record numbers of large teams in our pipeline,' CEO Paul Reilly says.
The Marlton, New Jersey-based pair operate Schwartz Financial Services and oversee $175 million in assets.
Insiders say Goldman’s new strategy is less a retreat from the RIA marketplace than a realignment.
Recent claims of pay discrimination, retaliation and sexual harassment have served as a painful reminder that progress for women in the financial advice industry is not a straight line.
Buyers of RIAs face plenty of legacy questions, the veteran executive says.
Two advisors join the firm's employee advisor channel.
Services such as rebalancing and tax-loss harvesting will be available on Raymond James' managed accounts platform.
'The bank is trying to keep advisors who would have left anyway and keep revenue in house,' one recruiter notes.
New Jersey-based Infinity Wealth Group was founded in 1992 by Robert Doran.
