SEC claims 777 Partners executives misled investors, hid $300 million overdraw, and diverted offering proceeds for personal use.
State regulators stepped up actions against crypto scams, unregistered actors, and senior exploitation as digital threats evolve.
The wirehouse's updated compensation plan for its private client group comes after it beat analysts' Q3 earnings expectations and regulators lifted a seven-year cap on its growth.
The industry group says current rules are outdated and overly broad, urging reforms to better reflect modern communication channels.
As the Congressional deadlock enters its third week, seven would-be public companies are betting on a workaround offered by regulatory officials.
Drawing scores of breakaways with $50 billion in prehire assets, the hybrid RIA co-founded by former Wells Fargo leaders has officially hit the ambitious target set at its inception two years ago.
AlTi Tiedemann Global's Jill Shipley speaks with InvestmentNews.
North American firms in particular are feeling the strain.
The fund's exposure to First Brands is about 1.4% of its $1.9 billion total assets, according to company filings.
After acquiring Parrot AI earlier this year, Advisor360 is expanding its capabilities to read, summarize, and interpret client data from CRMs and documents.
Cetera is leaning on Summit Financial and its veteran leader Marshall Leeds to reel in those advisors.
With M&A deals poised to exceed 300 this year, sub-acquisitions now account for nearly one-third of all RIA transactions thanks to a "maturing" ecosystem.
Report says plan loan use skewed toward essential expenses is a worrying trend.
Chris Vizzi, CFP®, Co-Founding Partner at South Coast Investment Advisors, explains why today’s affluent clients demand more than traditional portfolios. He reveals how mastering alternative investments and strategies like Qualified Opportunity Zone Funds is essential for advisors who want to help high-net-worth clients build lasting wealth, achieve tax efficiency, and create a legacy.
LPL's W-2 channel, Linsco, also added a $330 million team from Janney, while Ameriprise's independent unit lassoed advisors from LPL and Wells Fargo.
The investment led by Bain Capital, with participation from Edward Jones, comes as new research points to the rising role of 401(k)s for younger generations' retirement security.
Also this week, NorthRock Partners added a $2.7 billion advisory firm in California, while Carnegie Investment Counsel deepened its footprint in Florida.
'Advisors always tell you it's not about the money when it comes to recruiting, but when you see money like that, it's about the money,' one executive said.
The brokerage giant added over one million new brokerage accounts for the fourth straight quarter, while total client assets reached a record $11.59 trillion.
An open letter from the fintech to the 401(k) giant has sparked a fierce debate over how retirement savers ought to be able to engage third-party advisors.
