Trade groups step up fight against bill they say threatens independent advisers
Opponents say the measure known as the PRO Act, could negate independent-contractor agreements between advisers and financial firms.
Spark announces best practices to protect against retirement fraud
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
Focus Financial continues expansion into Canada
Acquisition of Toronto-based Gavin Hockey Wealth Specialists gives Focus Financial another foothold in a market moving toward independence.
Emigrant Partners takes stake in Tennessee RIA
Memphis-based Gerber Taylor Capital Advisors oversees $13.8 billion in assets.
JPMorgan to double advisers in broker unit
The bank is planning to hire more than 500 advisers in its traditional brokerage business in coming years, bringing the total in that unit to 1,000.
Goldman spinoff Simon Markets raises $100 million in latest funding round
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
A-Rod backs online brokerage Tornado in $10 million funding round
The seed round also featured other prominent participants like founder of Barstool Sports Dave Portnoy and New Enterprise Associates managing general partner Tony Florence.
Finra CEO wants to extend remote branch office inspections into 2022
Temporary relief from onsite examinations, which began at the start of the pandemic, is set to expire in December.
Gimme pension? Annuities group to sponsor Rolling Stones tour
The 12-city tour was postponed last year because of the Covid-19 pandemic.
As in-person conferences restart, attendees want one thing above all else
New report shows financial adviser conference attendees are less impressed with sponsor status than they are with solid content from those sponsors.
