The former Colorado resident allegedly caused private funds his firms advised to make detrimental short-term loans without investors' knowledge, among other fiduciary breaches.
Baird will take a minority stake in the Canadian asset manager as part of the deal.
Anxiety among those yet to retire is growing, new report reveals.
Confidence is under pressure as the wealth transfer complicates finances.
With thousands of small independent advisors racing to meet clients' digital expectations, the time has come to repair archaic rules of the road.
The approved compensation would be on top of an even larger $133 million fair fund set up in a related SEC settlement, according to lawyers for the aggrieved investors.
An ex-Ameriprise duo has also joined LPL in Virginia, while Raymond James welcomes advisors from Edward Jones and Oppenheimer to its network.
"The money has gone into BDCs and credit products because of higher yields," said one industry executive.
Also, a triple-deal propels Beacon Pointe to reach a $48 billion asset milestone, and Bluespring merges in another Kestra firm.
InvestmentNews talks to Natixis Center for Investor Insight director Dave Goodsell.
Hires include former innovation lead at mega-RIA Mariner.
Annual snapshot shows registration failures, fees, and fiduciary shortfalls as top enforcement issues, with California, Texas, and Florida hosting the most state-level RIAs.
"More often than not, when two firms come together they're both Envestnet firms or we are going to end up with the lion's share of the assets," Envestnet CEO Chris Todd said amid record-breaking M&A activity for RIAs.
The New York-based exchange's bid to trade tokenized versions of listed stocks and funds comes as Washington signals a friendlier stance toward digital assets.
The integration into iCapital's platform will give advisors and qualified investors a means to rebalance portfolios through a robust buyer-seller network.
James Warring and his firm, EagleStone, charged the client unauthorized and undisclosed fees during parts of the RIA relationship, the SEC claims.
Latest annual research sheds light on demographic disparities, as well as the rising role of guaranteed income and alternative investments in workplace retirement plans.
The newly launched Wealthscape Intelligence and onboarding capabilities are designed to unlock personalized insights and reduce friction, says one tech platform leader at the firm.
Valuations are rising for well-run firms with good financials, solid growth path.
InvestmentNews finds out more from Matt Sommer, head of specialist consulting group.
