Megan Leonhardt

Megan
Leonhardt

Megan Leonhardt is senior editor for WealthManagement.com and REP. magazine, reporting on national brokerage firms and the independent advisor landscape, as well as regulatory updates, legal cases and compliance issues. Prior to covering the financial services industry, Megan worked as a legal reporter breaking stories on major law firms and writing on significant court cases all over the country.
 

Articles
Using Tax Services as Lead Generation, Marketing Tool 1
Investors are increasingly seeking out advisors who can do more for them. Tax planning services not only offer advisors a value-add service for current clients, but a pipeline for future growth.
Social Security Big Opportunity for Advisors
Investors want advice on Social Security and are willing to make changes to get it. A majority of investors recently surveyed said they would switch advisors to maximize their Social Security benefits.
FINRA Fines Schwab $2 Million for Capital Deficiencies
The Financial Industry Regulatory Authority levied a $2 million fine on Charles Schwab & Co. for failing to maintain sufficient levels of capital during at least three occasions last summer.
CFPB, NY Securities Regulator Sue Companies Over Pension Advance Scheme

Regulators teamed up on Thursday to sue two pension companies and three individual managers for allegedly misleading consumers about the costs and risks associated with taking advanced loans on their pensions.

FSI: DOL Fiduciary Rule To Cost IBDs $3.9 Billion

The Department of Labor’s proposed fiduciary rule will cost independent broker/dealers nearly $3.9 billion in start-up costs, according to a new study commissioned by the Financial Services Institute.

Edward Jones Pays $20 Million to Settle Muni Price Fraud Charges

Edward Jones on Thursday agreed to pay $20 million to settle claims by the Securities and Exchange Commission that the firm overcharged customers in the sales of new municipal bonds.

Industry Advocates: Fiduciary Proposal Unworkable on Broker Pay 2
Industry advocates on Wednesday aired their concerns regarding the limitations of the Department of Labor’s proposed fiduciary rule, contending the redraft's exemptions were “squishy” and far from business model neutral.
FINRA Fines Real Housewifes' Family Firm For Getting Naked
Wall Street watchdog the Financial Industry Regulatory Authority levied an $800,000 fine against California-based StockCross Financial Services, owned by the husband of the former Real Housewives of Beverly Hills star Carlton Gebbia, for engaging in naked short selling.
Seven Challenges of Sudden Wealth
Helping those who come into wealth suddenly requires a different angle on the traditional advisory relationship.
Does Stifel Have an Attrition Problem?
Not according to its chief executive, who spoke publicly on an earnings call today about the 20 percent of Barclays advisors who have left the firm in the wake of its acquisition.
Top 10 Wirehouse Women of 2015
Although still considered a minority in the industry, women are savvy advisors who control trillions under management. To even crack the top ten in WealthManagement.com’s annual Top Wirehouse Women list, advisors had to manage more than $1 billion in client assets.
United Capital Gains Foothold in South Carolina
United Capital recently recruited a $415 million firm, marking its first foray into South Carolina as the company closes in on 80 offices nationwide.
RCS Capital Struggles to Find Footing in Second Quarter

RCS Capital had a muted second quarter, reporting a $66 million loss in profits and a net loss of over 300 financial advisors.

RCS Capital Sells Wholesale Unit to Apollo for $25M
Amid leadership changes, including the departure of CEO Michael Weil, RCS Capital announced Thursday it would sell its wholesale distribution unit to Apollo Global Management for $25 million.
Camardas Appeal Dismissal of CFP Board Case
Florida-based financial advisors Jeff and Kim Camarda are appealing a D.C. judge’s recent decision to toss their case against the CFP Board, saying they feel there is substantial legal merit to their lawsuit.
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