Advisor Charged With Stealing $9M From Elderly Woman’s Foundation: Enforcement
Meanwhile, a Massachusetts advisor is accused of steering clients into funds in which he had an interest.
Securities America Adds $1.35B Group From LPL: Recruiting Roundup
Plus, Woodbury Financial, Ameriprise, LPL, Raymond James and Janney share details on their newest recruits.
RIA M&As on a 5-Year Growth Tear: Echelon Report
Plus, the average asset level of breakaway reps is up to $300 million, according to the investment bank.
Private Equity Firm Lovell Minnick Is Buying $20B Tortoise Investments
The purchase of the asset manager is expected to close in the first quarter of 2018.
LPL Grabs Longtime Wells Fargo Exec to Be Chief Strategist
John Lynch was with Wells Fargo since 1996 and is now based in Charlotte, N.C.
Women Invest Like Men but With a Key Difference, Study Finds
Capital Group’s survey of women shows confidence in their investment decisions but not necessarily the power to execute.
Commonwealth Nabs $1.3B NPC Team
The group comes on board in New York and is led by Michael and Stuart Paris.
FINRA Data Shows 15-Year Decline in BDs
FINRA just published 15 years of data on the number of broker-dealer reps entering and leaving the industry and of the decline in member firms.
Commonwealth CEO Upbeat on DOL Fiduciary, ‘RIA-zation’
Wayne Bloom and other execs highlight the growth of the firm’s indie advisors at a national event in San Diego.
Oranj Launches Free Wealth Management Software Product for Advisors
The MAX offering includes model portfolios and funds from BlackRock, Direxion, Morningstar, ETF Securities and Frost Investment Advisors.