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Merrill adds advisors managing over $1.5B in client assets
WIREHOUSES SEP 27, 2024
Merrill adds advisors managing over $1.5B in client assets

The firm's latest string of hires from Morgan Stanley and Wells Fargo, expand its profile in the California and Miami markets.

By Leo Almazora
Wells Fargo scoops $2B team from JPMorgan
WIREHOUSES SEP 27, 2024
Wells Fargo scoops $2B team from JPMorgan

The six-advisor team led by two brothers widens Wells Fargo Advisors' high-net-worth Private Client Group in New York City.

By Leo Almazora
Influencers, crypto, and warnings from Finra's advertising conference
REGULATION AND LEGISLATION SEP 27, 2024
Influencers, crypto, and warnings from Finra's advertising conference

Panelists go over the challenges in hiring social media influencers and communicating about complex products.

By Emile Hallez
RIA firm to pay $500K penalty to settle SEC charges over alleged whistleblower curbs
INDUSTRY NEWS SEP 27, 2024
RIA firm to pay $500K penalty to settle SEC charges over alleged whistleblower curbs

The firm was accused of restricting the ability of potential hires to report wrongdoing.

By Steve Randall
Homrich Berg eyes further expansion as $18B firm gains new investment
INDUSTRY NEWS SEP 27, 2024
Homrich Berg eyes further expansion as $18B firm gains new investment

A new minority partner will help firm continue its growing footprint.

By Steve Randall
Stock rally on hold ahead of key US economic data
INDUSTRY NEWS SEP 27, 2024
Stock rally on hold ahead of key US economic data

Markets await PCE report Friday.

Bitcoin headed for one of its best Septembers ever
INDUSTRY NEWS SEP 27, 2024
Bitcoin headed for one of its best Septembers ever

The crypto is set to buck a seasonal jinx.

It's been a bad week for oil, deep weekly loss expected
INDUSTRY NEWS SEP 27, 2024
It's been a bad week for oil, deep weekly loss expected

Prices have dropped sharply in two sessions on likely supply hikes.

Why has tech founder Peter Thiel sold $1B of his firm's stock?
INDUSTRY NEWS SEP 27, 2024
Why has tech founder Peter Thiel sold $1B of his firm's stock?

Palantir stock has more than doubled this year.

Scion of former B-D owner bolts B. Riley
BROKER DEALERS SEP 26, 2024
Scion of former B-D owner bolts B. Riley

Meanwhile, other broker-dealers are talking to teams of B. Riley financial advisors.

By Bruce Kelly
Is your client selling their business? Dynasty Financial study digs into exits and advisors
RETIREMENT PLANNING SEP 26, 2024
Is your client selling their business? Dynasty Financial study digs into exits and advisors

A trio of advisors discuss their replies to a new survey on business sales by Dynasty Financial.

By Gregg Greenberg
EIAs should be securities
OPINION SEP 26, 2024
EIAs should be securities

The world would be a better place if they had never been created.

By Scott Hanson
Carson Wealth widens Montana footprint with True North partnership
RIAS SEP 26, 2024
Carson Wealth widens Montana footprint with True North partnership

The firm has secured its second location in Billings with a six-person advisory team managing over $400M in assets.

By Leo Almazora
Trump lawyers fight to erase $112,000-a-day debt
INDUSTRY NEWS SEP 26, 2024
Trump lawyers fight to erase $112,000-a-day debt

The attempt to nullify the biggest liability on the Republican presidential nominee's personal balance sheet is a financial gamble.

By Bloomberg
NYC Mayor Eric Adams indicted on federal bribery and fraud charges
INDUSTRY NEWS SEP 26, 2024
NYC Mayor Eric Adams indicted on federal bribery and fraud charges

The indictment revealed on Thursday represents a stunning fall from grace following a monthslong corruption investigation.

By Leo Almazora
Dynasty Financial shakes up leadership with COO hire, new positions
INDUSTRY NEWS SEP 26, 2024
Dynasty Financial shakes up leadership with COO hire, new positions

The independent giant is looking to its next stage of growth as it adds and promotes industry veterans to its executive suite.

By Leo Almazora
LPL bolsters Texas presence with former Osaic team
BROKER DEALERS SEP 26, 2024
LPL bolsters Texas presence with former Osaic team

With more than four decades of combined experience, the broker-dealer giant's latest additions reportedly oversaw $150M in assets.

By Leo Almazora
Move to Gries Financial Partners "feels like home" for industry veteran
RIAS SEP 26, 2024
Move to Gries Financial Partners "feels like home" for industry veteran

RIA founder and consultant starting a new role as chief growth officer.

By Emile Hallez
Goldman Sachs, Alphabet among firms hit with $3.8B SEC late filing penalties
INDUSTRY NEWS SEP 26, 2024
Goldman Sachs, Alphabet among firms hit with $3.8B SEC late filing penalties

Delayed information included beneficial ownership, insider transaction.

By Steve Randall
Can the next generation step up to the challenge of managing family fortunes?
INDUSTRY NEWS SEP 26, 2024
Can the next generation step up to the challenge of managing family fortunes?

Family offices express concerns as intergenerational wealth transfer approaches.

By Steve Randall