Industry

In 2025, expect to see an emphasis on organic growth, talent and capturing AI efficiencies at RIA firms, said Schwab’s Lisa Salvi.

According to FINRA, the firms failed to supervise whether clients could benefit from fee waivers or rebates on certain mutual fund purchases. The settlements stemmed from a targeted exam launched in 2020.

The firm has also hired Christian Mitchell, chief digital and information officer at Northwestern Mutual, to take over Mackay’s responsibilities.

Also, the fourth quarter became the most active quarter in history, with 78 reported deals, according to DeVoe & Company.

F2 Strategy's co-founder provides his take on the most important wealth management technology news of the last month.