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What are LPL, Cambridge paying for advisors’ businesses?
'For the next decade, we are going to be in a succession planning landslide,' one industry consultant says.
Cetera partnership promises 360-degree view of clients’ finances
Wealth giant says advisors will benefit from industry-leading data integration across brokerage, trust, and digital banking accounts.
Commonwealth Financial welcomes $384M trio
The Pennsylvania-based practice is joining the broker-dealer in an ambitious bid to triple its assets.
$450M team joins Raymond James from Merrill
The Winter Park, Florida-based wealth practice caters to retirees, business owners, and aerospace and defense industry execs.
LPL lands $1B team from Merrill Lynch
The Pennsylvania-based private wealth team works with high-net-worth families, business owners, professionals and executives.
B. Riley client misses payment to investors in collapsed fund
The claim by a trustee overseeing the settlement is the latest twist in the failure of Prophecy Asset Management, where Brian Kahn, a B. Riley client, allegedly ran up massive losses.
REIT sales tank, BDCs roll at start of 2024: Report
Financial advisors' clients are turning to business development companies for better yields.
Cetera sweetens advisor growth offering with industry-first guarantee
The broker-dealer giant is providing a money-back guarantee to newly affiliated advisors and firms.
Alt managers priming the retail sales pump for 2024
As investors pull money out of real estate investment trusts, asset managers are rolling out new products to get in front of financial advisors.
LPL inks deal for Wintrust wealth management businesses
Roughly $16 billion of brokerage and advisory assets are set to change hands in the acquisition.
SEC wants LPL to pony up $50 million over messaging apps, texts
'The large size of such fines underscores the point that regulators want this behavior to change quickly,' a compliance executive notes.
Short sellers targeting B. Riley in smear campaign, sources say
Short sellers' claims against B Riley are 'often accompanied by outrageous personal harassment,' the company says.
One of Wall Street’s highest-flying women is reportedly quitting
Goldman Sachs executive had been tipped for CFO and other top roles.
Former Triad broker’s medical company loses Florida real estate judgment
"This is more bad news," says a plaintiff's attorney.
LPL Financial welcomes another veteran advisor
The advisor, based in North Carolina, oversaw roughly $130 million in assets at Osaic.
Citi boosts CEO Jane Fraser’s pay to $26M
The increase comes after Fraser initiated what's billed as the largest reworking of Citigroup in decades.
‘Sobering’ report shows increasing reach of fintech over traditional firms
About a quarter of Americans have tried a tech-based savings or investing service, and companies with scale are getting the most business, a report from Hearts & Wallets finds.
LPL is stepping up support for high-net-worth advisors
New high-net-worth services offering provides access to advisory dream team of attorneys, CPAs, and advanced planning specialists.
Has the wealth industry entered a new era of dealmaking?
Echelon Partners report shows RIAs continuing to gain market share in 2023, while private equity firms figured in three-fifths of transactions.
JPMorgan expects to pay more than $350M for trade-reporting lapses
The firm will settle claims with two US regulators that it failed to feed information on trades into market surveillance systems.
