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.
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.
Here are a few steps to consider before embarking on large-scale investments in the virtual landscape.
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.
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.
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.
The new service combines tax data and cost-basis reporting into a single offering for banks, broker-dealers and custodians.
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.
As InvestmentNews opens its annual benchmarking survey for this year, we will be looking to the data for clues on inflation’s impact on wages and how it has translated to advisory practices.
The truth — which long-time advisors know all too well — is that prudent risk management is rarely a crowd-pleaser before a crisis hits.
Some advisors experience organic growth even amid challenging markets, realizing that a downturn is a great time to sow seeds for future growth.
The exposition hall was teeming with newly launched companies and fresh faces making their first appearance.
ChatGPT is in the 'experimental phase,' and it will be a while before the industry adopts the technology for retirement investing.
State regulators cite brokers' outside business activities and 'off-channel communications' as two areas that can't be overseen from afar.
Research from Advisor Growth Strategies sees smaller firms facing increased pressure to grow or specialize to meeting rising client expectations.
The deal for Baton Rouge-based Shobe Financial Group was driven by succession planning considerations.
The proposal is similar to one the SEC released last year that focuses on investment advisors. The SEC also extended the comment period for the advisor proposal.
In less than two weeks, Altruist's custody business grows from zero to more than 3,000 RIA clients, with only Schwab and Fidelity having more RIA relationships.
The SEC's amendment to rule 17a-4 represents a tremendous opportunity to bring firms' record-keeping systems into the 21st century.
About 90% of households don't use financial planners, but offering fee-based services could help win them over, the firm says.
