The settlement, stemming from accusations of underperforming Wells Fargo target-date fund investments affecting some 300,000 plan participants, is considered among the largest of its kind.
Western International Securities was acquired by LPL this year.
David Fulton, the RIA giant's decade-long chief executive, is stepping down to be replaced by president Bradley Knapp on Jan. 1 as part of a planned transition.
The firms are extending their footprints with new recruitment moves in Arizona, Massachusetts, and Florida.
The former offensive lineman for the Philadelphia Eagles is taking charge of the $5.5 billion RIA's strategic growth initiatives.
The investment giant caused two SPACs it controlled to make inaccurate statements to investors about merger discussions, according to the federal regulator.
What are the imminent challenges for the next cohort of retirees?
New assets under management added continues strong gains for firm.
CEO says that the 'basis points tax' is killing firms’ bottom line.
“The arbitration panel felt that [the advisor] was disrespecting the process,” the clients' attorney said.
The RIA acquirers' newest partnerships, involving an $800 million team and a $550 million wealth planning firm, give them additional footholds in Colorado and Illinois.
While RayJay boosts its presence in Utah with its latest employee advisor additions, LPL is strengthening its ranks in the Northeast.
Wealth managers may be sad to see 2024 go, but they still see some bright ideas for the coming year.
Challenging conditions have limited deals in 2024 but what about next year?
New report reveals trends and challenges that the sector is facing.
Jean Heath, former principal director of asset management relations, will help Clearstead sell its newly acquired SMA services, a big step the firm has made in the high-end wealth-management business.
RIAs will need to hire more than 70,000 new staff over the next five years, Schwab said. What should RIAs be doing to prepare?
“Private credit and infrastructure remain attractive," LPL said.
Properties seem to have recovered better than expected after the COVID-19 office exodus.
The three individuals impersonated legitimate financial professionals and used voice-altering technology to deceive at least 28 retail investors, according to a court filing by the regulator.
