The Daily Brief

E*Trade completes acquisition of custodian Trust Company of America, Derek Bruton joins Chalice Wealth Partners and a veteran broker builds a new planning and investment app.

RIAs charged by SEC over excessive fees, financial illteracy persists and an Oregon advisor is accused of a Ponzi scheme.

The super rich prefer jet memberships to ownership, nominations are open for XYPN’s fintech competition and Halite names a CFO, COO.

Financial bloggers debate missing ETFs, portfolios with an active tilt outperformed in 2017 and advisors may no longer be able to deduct client lunches.

Sudden loss of wealth increases chances of death, advisors who use social media are gaining clients from it and DriveWealth raises $21 million.

Morgan Stanley broker fired over memoir, the FPA launches a coaching corner and crypto bros love Lambos.

Fraud indictments for financial planner and pastor over old Chinese bonds, millennials aren’t loyal to their advisors and what makes Edward Jones a great place to work.

High-net-worth millennials have more confidence than their older counterparts, Brown Advisory acquires Meritage Capital and David Canter is raising money for the Foundation for Financial Planning.

Aegis Capital fined by the SEC and FINRA, Louisiana advisor pleads guilty to fraud and Envestnet introduces Quick Start offering for breakaways.

Wedbush Securities charged in a pump-and-dump scheme, cryptocurrencies shouldn’t be in IRAs and Hilliard Lyons rebrands.