The advisor, Ryan R. Riley, also pleaded guilty in a criminal manner and was ordered to pay restitution of at least $434,000.
Michigan-based Innovia Wealth concentrates on entrepreneurs who are on the brink of striking it rich.
Brian Wood, Michael Peebles and DeAnn Gann are joining Legacy from Arvest Bank and will open a new office in Northeast Arkansas.
The number of deals in the first two months of this year is down from the same period last year, but deal trackers are calling it a reversion to normal M&A levels.
The firm, which has been a dealmaking machine since it launched in 2004, will go private as a result of its acquisition by private equity manager Clayton Dubilier & Rice.
Shareholders in Focus will receive $53 in cash per share, and Stone Point Capital has agreed to retain a portion of its investment in Focus.
After leaving Thomas H. Lee Partners in 2006, he started another firm, Lee Equity Partners, that made a handful of significant transactions in wealth management shops.
Julian Lopez will focus on LPL's relationships with independent advisors.
The service aims to help RIAs and breakaways with organizational structure, compensation and entity design.
Clients are being advised to build up their cash positions, reduce equity risk and load up on high-quality fixed income.
What the numbers say about advisory jobs in a potential downturn, according to an InvestmentNews Research analysis of Bureau of Labor Statistics data.
As long as wealth management firms can continue to attract and retain knowledgeable and empathetic individuals, financial advisors should always have a job.
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
South Dakota-based Reinke Gray Wealth Management is the first to join NewEdge using the new model.
Dynasty currently has 35 job openings, and CEO Shirl Penney said TruClarity's people, including CEO Pamela Stross, were a big part of its appeal.
CEO Rudy Adolf said nothing about the potential sale during the firm's quarterly earnings call with investors Thursday morning.
The purchase of Berwyn, Pennsylvania-based Zeke will push Sequoia's assets under management to more than $15 billion.
The second half of January saw RIA mergers and acquisitions slow down sharply from the first half, according to a report from Fidelity.
The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
Lexington-based Bickling Financial Services, founded in 1984, has three offices across the state.
