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Former advisor, financial planner charged with defrauding NBA players
Four people face federal indictments in the scheme, and the former advisor is being charged by the SEC.
SEC’s dive into messaging apps poses new compliance challenge
The agency's document requests seek details on how firms monitor, review and retain 'off-channel' communications — all the way up to the senior executive level.
Crack appears in First Republic wealth management business
Vishal Bakshi, an advisor who reportedly has $1.5 billion in client assets, left to join Morgan Stanley late last week, after signing on at First Republic less than a year ago.
The latest in financial #AdvisorTech — March 2023
This month's highlights include Conquest's fundraising to prepare for its expansion into the US, Asset-Map's $6 million in Series B funding, and Wells Fargo's debut of app-based tool LifeSync.
Program brings financial planning to Chicago working families
The program aims to infuse social service programs with information about long-term financial and career goals.
Finra slaps B-D with $180,000 fine over former advisor’s sale of Ponzi
The rep at Hornor Townsend & Kent sold securities known as Future Income Payments; according to the Department of Justice, that was a nationwide Ponzi scheme.
M&A and succession planning in a time of high inflation, rising rates
Advisors looking to sell their practices can still get fair value for their life’s work, but they should avoid overly complicated deals and do their homework to find the right buyer.
How financial advisors can capitalize on the metaverse
Here are a few steps to consider before embarking on large-scale investments in the virtual landscape.
Fintech CapIntel adds ESG data as it pushes US expansion
The Toronto-based firm's new offering uses ESG data from MSCI to provide ratings, scores and various metrics for funds, portfolios and individual stocks.
First Republic hiring spree focused on these four firms
Almost half the financial advisors hired by First Republic since 2010 came from Wells Fargo Advisors, J.P. Morgan Securities, UBS Financial Services and Morgan Stanley.
Native women launch on-ramp to asset management
A coalition of women's groups has opened a new apprenticeship program to draw Native American women into asset management, private equity and venture capital.
CFP Board launches new round of ads to promote credential
The organization urges viewers to hire a CFP — 'It's gotta be a CFP' — in its most direct appeal since the public awareness campaign launched more than a decade ago.
Advisors already know SVB’s lesson
The truth — which long-time advisors know all too well — is that prudent risk management is rarely a crowd-pleaser before a crisis hits.
How advisors can achieve growth in difficult markets
Some advisors experience organic growth even amid challenging markets, realizing that a downturn is a great time to sow seeds for future growth.
Finra extends work on remote supervision proposals amid investor protection concerns
State regulators cite brokers' outside business activities and 'off-channel communications' as two areas that can't be overseen from afar.
As RIAs chase scale, smaller practices will scramble to stay relevant: Report
Research from Advisor Growth Strategies sees smaller firms facing increased pressure to grow or specialize to meeting rising client expectations.
Carson Group acquires Louisiana firm managing $500 million
The deal for Baton Rouge-based Shobe Financial Group was driven by succession planning considerations.
Sticking with WORM may leave advisory firms in the dust
The SEC's amendment to rule 17a-4 represents a tremendous opportunity to bring firms' record-keeping systems into the 21st century.
Want more new business? Add subscriptions, AdvicePay says
About 90% of households don't use financial planners, but offering fee-based services could help win them over, the firm says.
A financial planning lifeline for those caring for people with disabilities
Rivent Partners has carved a niche at the intersection of affluence and social programs.
