The Daily Brief

Dan Timm, one of Edward Jones' most senior and longstanding employees, is retiring from the company after 36 years.

Schwab added 10 funds from Direxion, three from Global X as well as JPMorgan's BetaBuilders ETFs.

J.D. Power's 2019 Financial Advisor Satisfaction Survey found Commonwealth Financial was the top-ranked firm for satisfaction among independent advisors, while Edward Jones took the top spot for employee advisors.

Model FA's new site includes a blog and podcast series with financial planners and experts on how to build and thrive as independent advisor or firm in the industry.

The advisors argued the firm had reported 'inaccurate' information on their CRDs, making it difficult for them to find new work in the industry.

Summit Brokerage Services will pay more than $550,000 in restitutions to clients who suffered losses, according to the FINRA action.

The addition of Lori Hardwick and Rana Yared will provide industry experience for the firm.

Despite thousands of jobs potentially on the chopping block at the bank, the firm is focused on "stable sources" of revenue, and likely to hire in the wealth management portion of the business.

The addition of Bender Financial Services Firm and Morgan Wealth follow several other additions to Carson Group in recent months

With crypto on investors' minds, Apex Crypto is finally getting off the ground.