Megan Leonhardt


Megan Leonhardt is senior editor for 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.

Breakaway Advisors Moving More to Existing RIAs
More advisors are looking to leave the wirehouses and brokerages by joining an existing registered investment advisory firm, rather than starting their own.
Top 10 Wirehouse Advisors of 2015
The top advisors at wirehouse firms are a productive lot, each managing billions of client assets. Check out which advisors made this year's elite top ten.
FINRA Bars Halcyon Cabot, Executives Over Fee Kickback Scheme
The Financial Industry Regulatory Authority ejected from its ranks Halcyon Cabot Partners, its CEO and chief compliance officer, alleging the New York-based brokerage and investment services firm ran a kickback scheme involving private placement fees.
Ex-SEC Chairs: Fiduciary Rule Needs To Get Done
A trio of former Securities and Exchange Commission chairs say that the agency needs to move forward immediately on a uniform fiduciary standard for financial advisors that regulates based on job functions, rather than what job title professionals hold.
Advisors Working with Spouse See Success
Among advisors working as part of a team, the most successful are husbands and wives, according to new research by PriceMetrix.
Former Advisor Sues Morgan Stanley For Racial Discrimination

A former financial advisor is suing Morgan Stanley for "systemically and intentionally" promoting racial discrimination, as well as expanding an internal arbitration program meant to curtail employees' ability to join in the class action.

Institute Finalizes Fiduciary Guidelines for Advisors
The Institute for the Fiduciary Standard on Wednesday released its final set of best practices for advisors, which focus on addressing conflicts of interests, increasing transparency and communicating clearly with investors.
Bogle: Compromises to DOL Rule May Be Needed
Vanguard founder Jack Bogle says it may be worth compromising details of proposed fiduciary rule to get it passed, but not the principal.
UBS Pays $34 Million to Settle Violations Stemming from Puerto Rican Fund Sales
UBS Financial Services' Puerto Rican unit agreed to pay a combined $34 million to settle allegations from regulators that the firm failed to adequately supervise sales of closed-end fund shares.
SEC Chair White Urges Collaboration Between Regulators, Industry
The head of the Securities and Exchange Commission stressed the importance of collaboration among the industry and regulators on Monday, much the same way the two groups came together 75 years ago, following the Great Depression.
Advisors Failing to Bridge Social Security Knowledge Gap
Financial advisors can do a better job of educating their clients on Social Security benefits, according to a recent survey that showed consumers remain unfamiliar with basic retirement planning strategies.
NextGen Clients Need Charitable Giving Advice
Millennials are the so-called “giving generation,” but many advisors aren’t talking about philanthropy strategies with their NextGen clients. That's a wasted opportunity.
More Parents Planning to Shoulder College Costs 1

Saving for college is at an all-time high, but parents are the ones planning to pay for a large portion of their children’s higher education costs.

Alleged Alternative Sales Violations Cost LPL Another $3.3 Million

LPL Financial agreed to pay an almost $3.3 million to settle allegations from multiple state securities regulators claiming the independent broker dealer improperly sold non-traded REITS and leveraged ETF products to investors.

‘Troubling’ New Arbitration System Brewing at Morgan Stanley
Morgan Stanley is rolling out a mandatory, internal arbitration forum for financial advisors who do not opt out.
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