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  • News
  • November 10, 2021

UK crypto trader Nexo buys piece of Brooklyn B-D

The terms of Nexo's deal for a stake in Texture Capital Holdings were not disclosed.

  • News
  • November 10, 2021

J.P. Morgan opens remote adviser business

The new registered investment adviser unit, J.P. Morgan Personal Advisors, operates under the roof of J.P. Morgan Wealth Management and will launch broadly next year.

  • News
  • November 10, 2021

Georgia teams managing $308 million join Raymond James

Two advisers from Truist and a trio from Merrill Lynch are moving to the firm's employee channel.

  • News
  • November 10, 2021

Net-zero asset managers fall short of targets set by scientists

Firms that have recently disclosed interim portfolio decarbonization targets are on track to cut their CO2 footprint by just 20% this decade, according to nonprofit Universal Owner.

  • News
  • November 10, 2021

CI Financial notches 25th deal in 24 months

The Toronto-based mega buyer adds $7.5 billion Gofen and Glossberg, growing its U.S. RIA assets to $95 billion.

  • News
  • November 9, 2021

Arkadios acquires California broker-dealer, advisory firm

Petaluma-based Investment Architects and its affiliated RIA, Resource Investment Architects, manage $1.25 billion.

  • News
  • November 9, 2021

Climate resilience metrics launched at COP26

The eighth day of the conference saw announcements on climate resilience and ocean risks, and an appearance by former U.S. President Barack Obama.

  • News
  • November 9, 2021

Finra pops Aegis Capital $2.75 million for churning

Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.

  • News
  • November 9, 2021

Merrill Lynch duo managing $215 million join Raymond James

Francine Payson and Tarek Salhab are joining the firm's employee unit in Fort Myers, Florida.

  • News
  • November 9, 2021

Bank rep serving $400 million goes indie with LPL

Scott Howell will open an office in Summit, New Jersey.

  • News
  • November 9, 2021

Robinhood breach exposes data on millions of users

The online brokerage said an intruder obtained personal information on about 7 million customers and then demanded payment.

  • News
  • November 9, 2021

Bipartisan House bill would help workers keep track of retirement plans

The legislation would also expand access to workplace plans by creating more opportunities for part-time workers to join and allowing 403(b) plans to participate in multiple-employer and pooled employer plans.

  • News
  • November 8, 2021

Brokerages, alts advocates dispute state regulators’ Reg BI assessment

NASAA officials say sale of complex products provides insight into shortcomings of broker standard of conduct.

5 ways to get your firm unstuck

These activities might help get your firm out of its rut, but it’s up to you to make it happen.

  • News
  • November 8, 2021

Mutual fund investors brace for hefty capital gains taxes

As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.

  • News
  • November 8, 2021

Price check on Kroger’s 401(k) fees showed overcharge, lawsuit claims

The law firms that filed the case point to record-keeping fees that were higher than those for other plans they identified.

  • News
  • November 8, 2021

Quarles to exit Fed at year-end

His departure frees up another vacancy for President Joe Biden to fill as he considers new leaders for the central bank.

  • News
  • November 8, 2021

Duo managing $1.5 billion at SunTrust join Homrich Berg

Kevin Campbell and Amy Owen are opening an office for Homrich Berg in Palm Beach Gardens, Florida.

  • News
  • November 8, 2021

Protecting nature is best shot at reaching net zero

Nature Day on Saturday saw farming, agricultural and ‘nature positive’ pledges from governments and companies.

  • News
  • November 5, 2021

Countries distance themselves from coal

Some 20 countries stated that, from 2022, they will no longer fund unabated fossil fuel projects abroad.


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