The San Francisco-based insurance company acquires Cleveland-based MAI Capital.
Nearly a quarter of RIAs eligible for assistance received loans in the first round of the program last year, according to a recent study. Firms that abused the program were much more likely to disclose a history of past fraud and other legal or regulatory misconduct.
The letters sent to plan sponsors have not included deadlines for recouping the funds, although the DOL is requesting confirmation that the participants are reunited with their money, according to one law firm.
A mother-daughter team led by Cynthia Hansen joins RBC's Denver Tech office.
Leo Wealth combines LeoGroup, Capital Company and BFT Financial Group.
The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.
Michelle Waymire, founder of Atlanta-based advisory firm Young & Scrappy, says her polyamorous niche grew out of a broader focus on the LGBTQ community.
Had Juniper Networks' plan used higher-revenue-sharing share classes, net costs conceivably could have been lower, if those fees were rebated back to participants, according to the complaint.
After 13 years of control over Britney Spears' financial decisions, Jamie Spears has officially volunteered to step away as conservator.
Marcus Boggs pleaded guilty to wire fraud in March, and on Thursday was sentenced to 42 months in prison. One of the victims was a man who received approximately $5 million in a wrongful conviction settlement.
In the past year alone, Goldman Sachs Group Inc., Morgan Stanley & Co., BlackRock Inc. and Charles Schwab & Co. have all expanded their direct-indexing capabilities and are jockeying for the next generation of investors.
The questions that RIAs have about commission-free annuities right now are the very same questions they had just 15 years ago about exchange-traded funds, which are now a core part of client portfolios.
The principals at Indiana-based Treybourne Wealth Planners will become Savant member owners.
The class action calls out the plan's fees for investments, record keeping and financial advice.
Estate planning is a lot bigger than just the financial aspects of the estate; it includes family, feelings, values and goals.
The Texas adviser, shunned for alleged racist comments, missed the memo on diversity benefits but exposed a broader conundrum facing advisers.
Ken South and his team open Tower 68 Financial Advisors in Newport Beach, California.
Here is a compilation of the rankings for top RIAs by nondiscretionary assets under management.
InvestmentNews Research asked financial advisers if they solicit advice from other advisers when it comes to planning their own retirement. Their answers may be surprising.
The case shows California is paying attention to annuity recommendations made through RIAs, and other state insurance departments could follow its lead. The settlement could also lead insurers and licensed third parties that work with RIAs to scrutinize recommendations more carefully, if they don't already vet them closely.
