The regulator settled with Park Avenue Securities, alleging the firm didn’t properly supervise an unnamed rep for his outside business activities, despite numerous 'red flags.'
Also, Orion Client Portal now connects to Redtail, Clearwater Analytics and J.P. Morgan Asset Management integrate platforms, and retirement technology platform Smart acquires ProManage.
The survey by the FPA's Journal of Financial Planning found more than half of advisors recommend clients allocate to funds with access to alternative investments. Almost 25% allocate to PE funds, twice the number from four years ago.