The settlement is bigger than the sum that Smith Barney paid decades ago, more than $100 million, to end what was known as the Boom-Boom Room suit, which had accused the firm of harassment and discrimination.

Cresset has combined with TRUE Capital Management, a San Francisco-based RIA managing $1.7 billion on behalf of high-profile clients in the sports and entertainment industries.

Shannon Saccocia has been named chief investment officer for Neuberger Berman's private wealth division, less than a week after announcing on LinkedIn that she would not join First Citizens.

Just 20% of financial-services companies require full-time in-office work, according to a new survey of 251 industry firms.

CEO Aaron Klein reiterated that it would not move toward asset management, but would orient the firm, and its identity, 'to seize the growth space.'

FINRA settled the charges with the firm and Donnie Ingram, claiming that Centaurus failed to properly supervise the recommendations Ingram was making to clients.

The majority of First Republic advisors came to the bank from wirehouses or other large brokerages. Now, they find themselves right back where they started.

Classic Asset Management will pay more than $933,000 to settle charges with the commission. The settlement comes several months after the SEC’s Exam Division cited leveraged ETFs as a main area of focus.

More than $6.6 billion in assets was transacted this week, while two new firms were launched, an investment bank opened, and key positions were created and filled.