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Finra tried to ban firm for 60,000% fee hike. It hasn’t been easy
Alpine Securities' appeal of Finra's ban could threaten a web of self-regulatory organizations that oversee broad swaths of the U.S. economy.
‘To stand out, I needed to innovate’
Katz moved beyond cold calls to cultivate relationships with influential figures like sports agents and estate attorneys, thus broadening his network significantly.
LPL lands advisor managing $165M at Cetera
New Jersey-based Frank Cangelosi will align with Gladstone Wealth Partners.
Online brokers misstep in securities lending: Finra
'Who were the accountants? Lending securities can be lucrative,' a compliance executive says.
Industry veteran who shaped Raymond James over five decades to retire from board
But even at 81 there’s more to come from Tom James.
Wells Fargo’s indy group, FiNet, bumps up fee for big advisors
What's not clear is how many FiNet advisors will feel the sting of the fee increase.
Raymond James nabs two wirehouse advisors in South Florida
Pam Mitchell joins from UBS in Naples and Vijay Baxter from Morgan Stanley in Aventura.
UBS is latest firm OK’d by NFL players union
More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.
Indiana-based hybrid hires former Wells Fargo exec
John Peluso retired in September as head of Wells Fargo’s clearing operations, and earlier presided over FiNet.
Osaic owner reportedly seeking buyer for up to 20% stake in broker-dealer
Minority shareholding could be worth as much as $2.5B.
Private credit carve-out from JPMorgan filed ‘secret’ IPO plan
HPS Investment Partners could go public if equity capital markets look favorable.
Nashville B-D that sold GWG bonds closing down
The securities industry has a long, sad history of firms going out of business after a product like GWG bonds fails.
Raymond James nabs California advisor from Morgan Stanley
Jeffrey Olsen oversees nearly $200 million, operating as Olsen Wealth Management.
Wells Fargo loses another executive, this time to LPL
Jim McHale is the new chief compliance officer at LPL Financial.
Holistic wealth management starts with transition services
Attending to advisor well-being, starting with onboarding, helps advisors weather the inevitable storms that come with managing other people’s money in an unpredictable world.
Cetera completes Avantax acquisition, adding $82B AUA
The Avantax team comprises 3,111 financial professionals.
Trio overseeing $150M at Ameriprise jumps to LPL
The team, which is rebranding as Momentum Wealth, is based in The Villages, Florida.
Q3 advisor moves down 18.9% from year before
The recruiting data show advisors' preference for operating under independent models.
Brokerage industry applauds, PIABA criticizes approval of remote inspection proposals
'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
Nontraded REIT sales tank in 2023
'Ironically, I think the redemption issue is the best thing ever happen to nontraded REIT space,' says Kevin Gannon of Stanger.
