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.

Six Advisors Recall Their Scariest Day
'Tis the season for horror stories, and while those told by financial advisors may not involve zombies, they can send a chill just the same. Here, six advisors on their scariest day at work.
Last Chance to Take CFP Exam Before New Content Added

Advisors who have been studying for the CFP exam may want to sign up for the November test before changes to the content covered are rolled out in 2016.

Five Firms Ordered To Pay $18 Million for Mutual Fund Overcharges
The Financial Industry Regulatory Authority ordered five more brokerages to pay a combined $18 million to clients who were wrongly sold more expensive classes of mutual funds over the past five years.
RIAs Increasingly Return Customers to M&A Buffet
Inorganic growth is becoming an increasingly fundamental business strategy for many registered investment advisory firms, to the point where many established advisor practices are now becoming experienced buyers engaging in multiple deals.
DOL Eases Restrictions Around Sustainable Investments
The Department of Labor made it easier on Thursday to utilize socially responsible investment strategies in retirement plans covered by the Employee Retirement Income Security Act.
SEC Ratchets Up Enforcement
The Securities and Exchange Commission boosted the number of enforcement cases it brought over the past year by 6.4 percent and increased level of fines and penalties assessed by about 1 percent.
Raymond James Ends Year on Record Highs, But Misses Quarterly Expectations

Raymond James Financial saw a slight dip in its fourth quarter performance, but overall, the Florida-based broker/dealer hit record revenues and profits for the year with an eye toward future growth.

Borzi Says DOL Fiduciary Rule Will Have Legal Teeth

The Department of Labor aims to produce a finalized fiduciary rule in the first half of 2016, complete with a legally enforceable best interest standard. 

FINRA Continues to Hammer Firms for Overcharges
FINRA ordered 12 firms to pay $6.7 million in restitution and fines on Tuesday, claiming the brokerage firms overcharged investors purchasing unit investment trusts by failing to apply required discounts.
Morgan Stanley's Wealth Unit Slips
Morgan Stanley took a dive during the third quarter, reporting Monday 6 percent decline in revenues and a 7 percent decline in profits for its wealth management business.
Perez: Industry Can Adapt to Fiduciary Rule
Brokerages can and will adapt to serving clients’ interests ahead of their own, according to the head of the Department of Labor, adding he predicts a strong fiduciary rule will spur more small and mid-sized investors to seek out financial advice.
FINRA Seeks Comment on New Senior Safeguards
FINRA is asking for feedback on rule proposals released Thursday aimed at helping firms and financial advisors deal with situations where suspected financial exploitation of senior investors is occurring.
Wells Fargo Restructures Wealth Unit
Wells Fargo restructured its wealth management division on Wednesday, adding its asset management unit to the mix.
Merrill Lynch: Revenues Down, Advisors Up

Persistently low interest rates and deflated markets led Merrill Lynch Wealth Management to another quarterly loss, even as the national brokerage firm added advisors.

Tax Prep Software Firm Blucora Buys HD Vest for $580 Million
Blucora, the owner of tax preparation software TaxACT, agreed to purchase the tax-centric broker/dealer HD Vest Financial Services for $580 million.
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