A fund manager claims a pre-IPO sponsor hid markups and a 17.5% carry behind a "0/0" SpaceX pitch.
The wealth tech platform's four new hires, including one Holistiplan alum, are expected to scale its vision to connect data, workflows, and execution for wealth firms adopting AI.
Stifel CEO Ron Kruszewski says AI can boost advisor productivity and prompt more ideas around tax and estate planning, but “when you move to judgment, which is what our advisors do, it just really isn't that good."
The mega-RIA is acquiring one of its flagship affiliated practices, which has grown from $600 million to nearly $10 billion in assets since joining from Morgan Stanley in 2015.
Meanwhile, right-hand man of Bradley Heppner, founder of Beneficient, is scheduled to testify Thursday.
Former SEC attorney Rebecca Fike explains the ethos behind the headline stats.
Two RIAs expand in the Mountain West as M&A, advisor succession and scale remain top priorities.
“[AI] has already been helpful in our industry,” said Raymond James CEO Paul Shoukry, but acknowledged the limitations of the technology when it comes to advisor/client relationships.
Roughly 160 foreign investors say the sponsor ignored red flags while a Manhattan tower went bust.
An Idaho couple claims SEC-installed fiduciaries routed mine sale cash away from their $7M judgment.
Separately, UBS strengthens its Manhattan presence with a defector from Deutsche Bank, while Cetera welcomes a father-daughter tandem from Osaic.
Integrations with FIDx and Luma Financial Technologies extend the firm's digital distribution, including a first-of-its-kind update for the life insurance business.
The Oregon-domiciled RIA brings $11 billion in assets to Fiducient's growing institutional platform, marking the second acquisition by Wealthspire's advisory unit this month.
Highlight the solutions making an impact across financial services.
New tool embeds decades of referral coaching into automated workflows for RIAs.
As the firm launches an agentic AI solution, its CEO shares his vision for advisory industry.
Survey finds mounting concerns over Social Security, healthcare and debt strain outlook.
Firms expand reach by recruiting advisors managing nearly $1B in client assets.
Regulators say the fund manager allegedly paid old investors with new money — and doctored the books to cover the gap.
He allegedly traded biotech deals in a relative's account. Now he is paying up and out of the industry for two years.
