The SEC charged Dean McDermott and his firm, McDermott Investment Advisors, for investing clients’ funds in unit investment trusts with extra charges when more affordable options were available.

The funding, structured as a convertible note from Kennedy Lewis Investment Management, will boost Sanctuary’s M&A activity and improve its technology platform.

Pathstone’s third 2022 acquisition will expand its Washington, D.C., presence and increase assets to $38 billion.

SEC Commissioner Caroline Crenshaw said single-stock ETFs posed 'another, perhaps greater, risk' for investors than leveraged and inverse ETFs, and believed it would be hard for advisors to recommend such products while meeting their Reg BI...

The bank is focusing on expansion in the U.S. and Asia as wealth pools continue to grow.

One acquisition will bolster Sanctuary's retirement plan offerings, while the other will add $150 million in assets under management in Arkansas.

The two will merge under newly created Binah Capital Group, which will have over 1,900 advisors and $25 billion in assets.

Boenning & Scattergood's 40 advisors will join LPL's employee model, and the firm will retain its brand.

Harrison & Company's Roanoke office will become Mercer’s third in Virginia.