The actions illustrate Finra’s continuing crackdown on compliance shortcomings related to the conduct standard that was implemented in June 2020.
A Gallup poll shows that people's familiarity with ESG and views about it might not have been affected by the culture wars.
The portion of respondents who correctly identified a 529 plan as an education savings tool came in at its lowest level since 2020, an Edward Jones survey shows.
The acquisition of Planned Futures, which manages $460 million, expands Merit's footprint in Pennsylvania.
The world's second-largest reinsurer is now the fourth major company to walk away from the Net Zero Insurance Alliance.
The three advisors operate as Leeward Financial Group in Lighthouse Point, Florida.
Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the numbers on last year’s compensation for some of the highest-profile executives.
The biggest US bank said the integration costs tied to the acquisition would total about $3.5 billion, about half of which will be borne this year.
The executive team under Lindsay Hans and Eric Schimpf is taking shape; Ken Correa takes on an expanded role as head of business and client development, while Erik Vatter was named head of advisor development.
Key features of the test include the ability to see how a retirement plan would perform through real historical scenarios such as the Great Depression, 1970s stagflation, the dot-com bubble and the global financial crisis.
Its expanded LiquidityDirect platform provides access to various short-term cash management funds, strategies and even community banks.
The American Council of Life Insurers included questions in the poll that it says show a DOL fiduciary rule would hinder access to retirement advice.
Bruce Pienton and Scott O’Mara launch Bridgewright Wealth Partners in Grand Rapids, Michigan.
Jacksonville-based Aegis Consulting includes principals Michael Cirino and Alexander Harrison, along with 11 advisors.
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
Andy Saperstein, Ted Pick and Dan Simkowitz are thought to be executives in the running to succeed James Gorman, who says he will step down in the next 12 months.
"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.
Fidelity's latest report shows more deals involving smaller firms and structures that put buyers in the driver's seat.
Jersey City, New Jersey-based Crescent Harbor Private Wealth was founded by John Araneo.
San Jose-based O’Connor & Associates has $875 million in client assets; Garden City-based Cuneo Denihan & Associates has almost $1 billion in assets.
