Moloney Securities recently has had the attention of securities regulators due to its sale of high risk, high cost private investments, including GWG bonds.
The firm closed four advice firm transactions last year, not counting other recruiting deals.
Kestra's hybrid RIA platform also welcomed a veteran advisor from Goldman, while a second-generation planner makes his way to LPL and Private Advisor Group.
Wealth managers are not aggressively changing client portfolios in response to the Iran war, but they are using energy shares as a hedge.
State regulators warn FINRA’s proposed Rule 3290 could leave gaps in oversight of brokers’ side businesses and private deals.
FDIC approval advances lending ambitions as broker-dealer pushes deeper into banking.
Firms compete for experienced advisors as billions in client assets shift platforms nationwide.
Also, Raymond James expands its financial institutions arm in the Kansas City area while Baird has elevated two seasoned veterans into key director roles.
LPL Financial is missing a potential multi-million dollar penalty.
Meanwhile, Janney lands a billion-dollar team from Merrill in Delaware, and two longtime Edelman advisors hopped to Prime Capital Financial in the Northeast.
It's the era when artificial intelligence software is replacing back office jobs.
Wells Fargo has also extended its reach in Alabama with another UBS defection, while Cetera welcomes a breakaway advisor from the wirehouse.
Against the backdrop of a successful recruiting effort last year, Kestra has been revamping its lineup of recruiters.
Also, Raymond James onboards another Commonwealth team in Wisconsin, while an experienced duo from Ameriprise hops to LPL.
Robinhood is bundling tax, estate planning and CFP support through third-party providers Vanilla and Taxfyle. "It’s a great strategic offering to start to change the mindset of Robinhood being a no service and cheap free platform," said one financial advisor.
Financial advisors, however, are sitting pretty in the AI maelstrom.
Osaic has also gained ground in St. Louis with a veteran pair from Stifel, while the Hightower-aligned Bahnsen Group gets a foothold in Silicon Valley.
Leaders at Prudential Advisors break down how wiring AI into every stage of its leads program is supporting more robust client conversations.
Ashton Thomas has also expanded its ranks with an experienced duo from Raymond James, while a Commonwealth advisor ends his two decade-plus affiliation by joining Cetera.
Keeton steps into CIO role at Prospera as IAA elevates leaders to advance advisor experience and platform strategy
