The Cynosure Group's plans to build an RIA for wealthy clients got a fortuitous boost in the wake of Silicon Valley Bank’s downfall, even as its chairman has come under scrutiny for his role in the collapse.
The Friedman Peters Group has more than $400 million in managed assets and will join RBC’s San Francisco location, following several other additions in the Golden State earlier this month.
A new analysis by password manager NordPass stresses that major companies open themselves up to security risks by using passwords that lack creativity.
Brian Addington and Theresa Allen will join California-based branches, and are the latest advisors to depart First Republic after the banking turmoil earlier this year.
The oddly named scheme, where a fraudster will bleed the victim’s finances in small increments, akin to fattening up a pig before they’re slaughtered, is gaining ground in the crypto space.
The commission unveiled the latest in a series of guidance from SEC staff to better equip firms in meeting the care obligations of Regulation Best Interest.
Morgan Stanley's wealth unit boasted $110 billion in net new assets over the first quarter, while Bank of America Merrill Lynch stressed it hit a record high of net new relationships, despite a 3% revenue dip.
The robo advisor failed to tell some clients its tax-loss harvesting service only checked accounts on alternating days and not daily, as some materials claimed, according to the commission.
SVB advisors have until April 23 before the firm leaves the protocol, but that assumes the advisor looking to leave has already done some due diligence, says one RIA attorney.
