U.S. Bancorp Wealth Unit Taps Former-Wells Fargo Exec for Key Post
Karen Wimbish served as the head of the bank's retail retirement group and president of Wells Fargo Advisors' Latin American Group.
Wirehouses Reps Move to Baird, RBC: Recruiting Roundup
Meanwhile, two LPL-affiliated wealth firms with $2 billion in combined assets plan to merge.
FINRA’s 12 Fines of Christmas: Wells Fargo, LPL Flub Security of Records
The companies were fined a total of $14.4 million, as some firms failed to keep millions of records in the proper electronic format.
Congress Got Schooled Once by a BD Owner; It Should Again
As the new administration and Congress contemplate regulatory changes, it would be wise to get input from broker-dealer owners like Peter Schiff.
National Planning Holdings Partners With BlackRock, American Funds to Boost Platform
The parent firm of four IBDs says it is rolling out more technology to its 3,500 affiliated reps.
Raymond James Adds 2 Teams; Wells Fargo Nabs Breakaways: Recruiting Roundup
Meanwhile, LPL Financial attracts affiliated advisors from rival IBDs, as RBC hires a longtime Merrill advisor with long career at Merrill Lynch.
SEC Approves 2017 Budget Boost for PCAOB
PCAOB, which oversees audits of SEC-regulated BDs, gets a 4.2% increase over its 2016 budget.
Schwab to Launch Hybrid Robo-Advisor Service
Schwab Intelligent Advisory combines the service of a “live credentialed professional and logarithm-driven technology.”
Betterment for Advisors Partners With FPA
The strategic partnership will help educate advisors about using technology to serve more clients, according to the FPA.
Ex-LPL Rep Gets 5 Years in Jail for Ponzi Sceme
Charles Caleb Fackrell, who was based in North Carolina, fleeced investors of $1.4 million.