Firm agrees to pay six-figure penalty for its lack of compliance with anti-money laundering programs.
The broker-dealer's latest addition, an outdoors-focused planning practice, previously managed $225M in advisory, brokerage, and retirement plan assets.
The strategic partnership promises to help advisors at the hybrid RIA grow their business around annuities and structured products.
The general securities representative formerly with LPL had broken with firm policy by engaging with customers via the unapproved Chinese messaging platform.
InvestmentNews goes back to school to learn what tech has added most value to advisors’ practices.
The SEC and justice department are probing whether the firm, a subsidiary of Franklin Templeton, cherry-picked trades to favor certain clients.
"Monitoring officers incorrectly concluded, after only one minute, that there was no relationship between the customer and First Republic."
The Arizona-based firm charged an estimated 59 clients $1.3M more than they'd agreed to pay, according to an SEC complaint filed in court.
“You can’t put any language in an agreement that would prevent a client from reporting a broker-dealer’s actions," says one attorney.
A state law that prohibits business with financial service companies accused of boycotting the oil and gas business is unconstitutional, a business group suing the state says.
The wealth tech provider's new solution, built to work with its flagship ERP product, promises to boost family offices' efficiency by 2x to 4x.
Landmark settlement finds the retail investing platform violated consumer protection laws by falsely representing its trading and custody practices.
Be dubious about investment professionals who are marketing investments through an affinity group, one industry executive says.
The deal for the wealth tech platform will boost the firm's efforts to push its strategies more broadly among retail wealth advisors and their clients.
With nearly 25 years of experience, the employee-owned firm's latest hire in Fairfax reportedly managed over $293M in assets.
After the completion of its $2.7B take-private deal with GTCR, the fintech firm is looking forward to a new era of strategic expansion helmed by the former State Street leader.
A growing gap between clients' use of traditional deposit accounts and wealth management services hints at an untapped opportunity.
The federal securities regulator earns praise from industry groups as its legal battle for private fund disclosure requirements comes to an end.
"These types of brokers and executives are the scourge of the industry," said one plaintiff's attorney.
The advisor lied to unsuspecting clients, including vulnerable retirees, for over 20 years to fund his gambling, cars, collectibles and other personal expenses.
