Atlanta-based Kalos Capital has been crushed by more than $9 million in legal fees and costs related to sales of GPB private placements.
The deal for the Massachusetts firm marks the 59th acquisition for Raleigh, North Carolina-based Captrust.
Such a move can be the rocket fuel to grow a meaningful practice with long-term growth potential and a recession-proof business model.
The financial planning software is continuing to shift toward Decision Center, its cash flow-based planning product.
The revenue stream is at risk as the number of retirees grows faster than the number of workers paying taxes.
Republicans on the House Financial Services Committee give a preview of the pressure they're likely to apply to SEC Chairman Gary Gensler if the party takes over the House in the midterm elections.
'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.
The agency settles with Sacramento-based Keith Springer and his firm, Springer Investment Management, over fraud charges.
Here are a few celebrities who announced their retirements, then subsequently announced they were reversing that decision.
While hedge funds are aware of how leverage and low liquidity can pull them into deep markets, advisers need to keep in mind how this risk dynamic can play out within households.
Most beneficiaries don't switch plans during the annual open enrollment period, but retirees can save money by reviewing their drug coverage options.
Both revenue and adviser head count increased, and Andy Sieg, president of Merrill Lynch Wealth Management, attributed the strong results partly to the firm's advisers.
Net interest income rose 24% in the third quarter as the bank reaps the benefits of the Fed's interest rate hikes.
Here are some of the other fintech headlines you may have missed this week.
The firm is assessing its head count, CEO James Gorman suggested on an earnings conference call.
The wealth management group attracted $65 billion in net new asset during the quarter, pushing the total this year to $260 billion.
The wirehouse employed a total of 12,011 financial advisers at the end of September, a loss of 173 advisers in Q3.
Fundamental rationales for mergers and acquisitions remain strong, but deal details reflect current market realities.
The Department of Labor may not be inclined to change a proposal that would potentially upend the business model for independent broker-dealers and insurance agents.
Over two decades, Vania May Bell and her father Hector May 'ruthlessly orchestrated' a multimillion-dollar Ponzi scheme, according to the Feds.
