HighTower Adds LPL Group in St. Louis
Meanwhile, a UBS team forms an RIA in Louisville and signs on with Raymond James' Investment Advisors Division.
United Capital’s FinLife Partners Reaches $3B in Less Than a Year
The wealth management operating system is an answer to consumers' desire to have digitized financial services.
Clients Clamoring for ESG Investing Advice
Failure to to talk about ESG risks alienating clients, who will be asking about these investments, according to a new survey from State Street.
Salesforce Announces AI-Driven Enhancement for CRM
Salesforce’s targeted CRM for financial services firms has new artificial intelligence and natural language processing capabilities.
SEC Bars Broker for Aiding Brothers' Securities Fraud
The three “repeatedly duped at least four unsophisticated foreign investors into sending funds to various U.S. bank and brokerage accounts," the SEC states.
FINRA Chief Cook Welcomes BD, Advisor Regulatory Review
FINRA "must be willing to consider any changes that will better serve the interests of investors," says CEO Cook.
Advisor Gets 7-Year Sentence for $21M Ponzi Scheme: Enforcement
In other enforcement news, SEC charges a Virginia man with insider trading and FINRA fines Credit Suisse.
New Money Market Fund Rules Working as Planned: NY Fed
As a result of the new rules, money has shifted away from riskier institutional prime and muni funds into safer government funds.
‘Myth Busting’ Ex-Broker to Pay Dating Guru $1M
A FINRA panel has ruled that radio host Dawn Bennett is required to compensate the former client for losses and expenses.
Raymond James Adds Team of Women From Morgan Stanley: Recruiting Roundup
Meanwhile, TD Wealth grabs a group in New Jersey from Wells Fargo.