The Financial Industry Regulatory Authority Inc. has appointed Michael Solomon as its senior vice president of examinations, replacing Thomas Nelli, who retired in March.
Solomon most recently served as general counsel and chief compliance officer at Rockefeller Financial. Earlier, he spent seven years at Finra as a senior vice president, where he had responsibility for examination and surveillance programs in the Northeast and oversaw a staff of 350 people in Finra’s five offices in the region.
Prior to his tenure at Finra, Solomon had senior legal and compliance roles at Jefferies, UBS and Merrill Lynch. He was also a trial counsel in the enforcement unit of the New York Stock Exchange and began his legal career as an assistant district attorney in Manhattan.
In his new post, he will report to Greg Ruppert, Finra's executive vice president and head of member supervision.
Chicago-based Mesirow Fiduciary Solutions adds flexPATH's plan-level outsourced fiduciary book, boosting its retirement market reach to $164 billion.
Also, Raymond James's employee advisor channel adds breakaways from Wells Fargo and Stifel, while UBS welcomes an ex-Morgan Stanley duo in Indiana.
It promised guaranteed principal and 10% monthly returns. The SEC says it invested nothing.
Ten years after entering the fee-based annuity market, MassMutual Ascend says nearly half its lifetime sales came in the past two years alone – but barriers remain among fee-only advisors.
Amplify, WealthReach, Zeplyn and Zocks have unveiled partnerships aimed at automating portfolio management, content creation, account opening, and client communication.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
