New Jersey hybrid managing $500 million links to Concourse
Ramsey-based Key Group Management had been affiliated with Royal Alliance.
Morgan Stanley adds fractional share support to workplace stock plans
The wirehouse is also adding additional automation to its Shareworks and Equity Edge Online platforms.
Will diamonds become a retiree’s best friend?
The Diamond Standard Fund is trying to provide a standardized way to trade diamonds and is working with wealth managers, high-net-worth investors, family offices, IRA platforms and institutional investors.
Massachusetts securities chief goes after single-stock ETFs
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
RIA M&A transaction with a fresh twist
As large broker-dealers look to play in the red-hot mergers and acquisitions market for RIAs, Advisor Group is investing along with its owner, Reverence Capital, in RIA Signature Estate & Investment Advisors.
Team managing $350 million joins Fairport Wealth
Hightower facilitated the merger for Cleveland, Ohio-based Fairport, which is a Hightower advisory business.
CFP Board imposes interim suspension on barred rep
Pending investigation, Massachusetts adviser Filippo Mastrocola can’t use CFP certification mark.
Vanguard offering passive ESG funds that exclude controversial industries
The investing giant will offer two ETFs tied to indexes that track large corporates and small- to medium-sized businesses in both Europe and the US.
Barred New Jersey broker charged in $1 million phony loan scheme
Criminal and civil fraud charges were filed against Anthony Mastroianni Jr., who sold fake promissory notes to older investors.
Schwab exec updates progress on integrating TD Ameritrade technology
Alison Dooher, head of digital adviser solutions at Schwab Advisor Services, gives a look at the brokerage's integration road map.
Charitable giving bouncing back with market, says BNY Mellon Wealth Management
The number and total dollar amount of charitable gifts increased 10% last year, and the average gift size also spiked.
Hedge fund snaps up LPL Financial shares
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
Team managing $2 billion splits from Ameritas
TFB Advisors spins off from Tax Favored Benefits as a new hybrid RIA, staffed by six advisers who had worked for years at Ameritas.
Massachusetts slaps MassMutual unit with $250,000 fine
Regulator says rep defrauded clients by saying variable annuities were commission free.
Geoffrey Brown stepping down as NAPFA CEO
The association's board will engage an interim CEO while it searches for a permanent successor.
Morgan Stanley files to offer its own ETFs
Decades after coining the term 'exchange-traded fund,' the firm plans to offer four socially conscious funds under the Calvert label.
Creative Planning acquires $5 billion Wipfli Financial Advisors
The deal is the firm's third-biggest transaction to date, and CEO Peter Mallouk says M&A activity is ramping up because most RIAs aren't growing organically.
Wall Street banks’ record fines reflect regulators’ frustrations over unmonitored messaging
SEC, CFTC worried that messages were being completely lost and would ultimately make it harder to look for wrongdoing.
Fleming’s Rockefeller plans to double number of adviser teams
The firm, which currently has 85 teams, is focusing on growth in places that have seen influx of wealthy residents in recent years, such as Charlotte, North Carolina, and Austin, Texas.
Anxiety over economy not stopping IRA growth: Fidelity
The number of IRAs on Fidelity’s platform increased in Q2 and the percentage of employees with 401(k) loans remained low for the fifth consecutive quarter.
