UBS duo managing $600 million bolts for Cadaret Grant
Anthony Mona and Joseph Mansoor make the switch in Birmingham, Michigan, through OSJ Spartan Wealth Management.
State regulators warn real money can be lost in fake world
Denizens of the metaverse can be ripped off by virtual investments, the North American Securities Administrators Association said in an advisory.
Riskalyze wants to turn compliance into growth engine with latest product
Riskalyze Ultimate combines two existing products, Command Center and Riskalyze Elite, to bring compliance and business development together.
RPA offers expanded adviser managed accounts
The RIA specializing in public-sector retirement plans is working with Stadion on participant-level personalization and using EPIC's record-keeping platform.
Goldman, Morgan Stanley move to return employees to office by easing Covid rules
The two investment banks both told staff that they will lift some of their remaining Covid-19 mitigation efforts after the Labor Day weekend.
Eldridge, Atlas Merchant doubling down on annuity provider DPL Financial
The two private investors are investing $20 million of additional capital in the commission-free insurance specialist.
SEC charges two North Carolina advisers with $75 million fraud
Gregory Lindberg and Christopher Herwig allegedly misappropriated $57 million in client funds, while their firm collected more than $21.4 million in advisory fees in connection with these schemes.
Kovack Advisors pays $900,000 to settle SEC charges over wrap program
The agency charged the firm with failing to monitor whether wrap-fee accounts were in the best interests of clients who did little trading.
CI Financial shares lose value amid US deal spree
CEO’s radical remake was accompanied by the exodus of 13 portfolio managers, traders and analysts to the Bank of Montreal.
Team managing $250 million at Edward Jones joins Raymond James
Samuel Bates, Darin Frandsen and Adam Fluckiger set up shop at North Rim Financial Group in Saint George, Utah.
Wealthspire funds four scholarships to encourage CFP diversity
The New York-based RIA will provide four awards per year of up to $5,000 per student for individuals pursuing their CFP certification.
Calamos plans ESG fund named after NBA star
The fund, bearing the name of Milwaukee Bucks power forward Giannis Antetokounmpo, would exclude fossil fuels, mining and other activities.
Raymond James expands education program with new Tech Savvy track
Financial advisers will receive advanced training on integrated practice management platforms.
Citigroup ordered to pay former ‘spoofing’ broker $725,383
A Finra arbitration panel said the firm owes Shlomo Salant compensation for 2014, the year he reached a settlement with the Commodity Futures Trading Commission for allegedly faking market interest in futures.
Retirement plan providers’ investments in technology are paying off
A quarter of plan participants now prefer to receive 401(k) account information via email, up from 9% in 2020, according to Cerulli Associates.
Allworth acquires two firms, adding $640 million in AUM
Second Opinion Partners and Muchler Financial Services are folded into the firm.
NAPFA teams with FP Transitions to offer succession planning help
The custom program will provide the group's fee-only planners with counseling and matching, including an annual valuation and an annual continuity plan.
ESG industry begins to defend against woke investment critics
Amid a growing anti-ESG movement, sustainable investors want to correct misinformation.
Borrowers could face state tax bills on forgiven student loans
Thirteen states have tax laws that would treat forgiven debt as income, meaning it's subject to state levies on earnings.
UBS dumped from Texas municipal bond deal
The bank won’t be part of the underwriting syndicate for transaction after state Comptroller Glenn Hegar included UBS on list of firms he deems “boycott” the fossil-fuel industry.
