Wendy Lanton and Jim Nagengast have been elected to represent small firms and large firms, respectively, on the board of the Financial Industry Regulatory Authority Inc.
Lanton is chief operations and compliance officer at Lantern Investments Inc., of Melville, New York. She will serve a three-year term as a small firm governor.
Large firms reelected Nagengast, who is chief executive of Securities America Financial Corp. and president of Securities America Inc. He has served on the Finra board since 2018, when he was elected by large firms via a special election to fill a large firm governor vacancy.
Finra is overseen by a 24-member board of governors, the majority of whom are public members. The industry governors include three from large firms, one from midsize firms and three from small firms, as well as one floor member, one independent dealer/insurance affiliate and one investment company affiliate. Finra governors are appointed or elected to their terms and may not serve more than two consecutive terms.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
