Industry

Kenneth Welsh pleaded to five wire fraud counts that carry a maximum penalty of 20 years in prison each.

Front Street Capital Management, which previously used Schwab for custody, has switched to SEI in part because of support for its unique investing activities.

MAG Wealth Management has also sold a 30% stake to Carson Group, and it will become the first Carson Wealth branded location in the state of Minnesota. 

The election outcome means current tax rates are likely to stay, which could enable some dealmakers to take a bit more time closing ongoing acquisitions.

Auria will combine portfolio management, performance reporting, CRM and other tools.

Kaival Patel was previously convicted of charges stemming from a plan to collect commissions on falsely prescribed compound medications, according to the Justice Department.

Allworth adds 25 tax professionals with its purchase of CCA, a CPA firm in Pleasant Hill, Calif.