James Couture was discharged by LPL in June 2020 and barred by Finra last October.
The six-person team is leaving J.P. Morgan Private Bank in San Francisco.
Once-a-year withdrawals from retirement plans or IRAs would have to be paid back before additional borrowing could occur.
Last year, the Department of Labor closed less than a third of the number of cases it did in 2014, but total recoveries were six times higher.
St. Petersburg, Florida-based ARS Wealth Advisors has $704 million in assets under management.
Last year, Finra allocated $73.8 million of fine and reserve monies to fund capital initiatives and $16.4 million to pay for investor education and firm compliance.
It seems counterintuitive that an adviser or team who may be riding the wave of their 'best year ever' would change jerseys or break for independence. Yet it’s happening in record numbers.
If your clients are rethinking their appetite for risk, it may be time to make changes. Talk about reallocating a portion of their savings to annuities to help safeguard their retirement years.
The agency has unveiled a new 'express interview' process to help people apply for original or replacement Social Security cards and submit necessary proof of identity in person. But it encourages the public to continue to submit applications online.
By failing to adequately explain how inflation, compounded over time, significantly reduces our spending power, we leave clients vulnerable to the false assumption that the income they have today will still be adequate in 10 or 20 years.
The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.
The measure, which would have established a special roster of arbitrators to hear broker requests to clear their records, was criticized by PIABA as being too limited to address the problem.
The State Street plan did not include the lowest-cost share classes of the Target Retirement Securities Lending series, and there were some options from third parties with stronger performance records, according to the complaint.
Opening its own broker-dealer gives the firm room to recruit advisers who don't hold RIA assets at Raymond James.
Investors are curious about crypto and meme stocks, but most advisers say that clients do not understand the volatility of these investments.
If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.
The Employee Benefits Security Administration gives the firm a green light to oversee retirement plan assets despite its 1MDB misdeeds
The total number of advisory firms with a fee-only model has risen 20% since 2019, according to an analysis of the latest data from the SEC.
How a UMH improves financial outcomes for investors, advisers and firms, and why it’s important to determine the optimal series of 'next best actions.'
The online trading app sued to overturn the state's fiduciary rule after Massachusetts accused Robinhood of manipulating customers.
