Commonwealth is now structuring its forgivable notes for new advisors as basis points on the advisors' assets, rather than their production—another sign it continues to see itself as a national RIA.

He confronted employees after a mistaken drink order sent his peanut-allergic son to the hospital.

Female advisors outinvest their male counterparts when it comes to marketing.

“These changes are about streamlining our wealth-management businesses and pulling product capabilities closer,” Merrill Lynch President Any Sieg said.

The commission will include five members who do not currently sit on the CFP Board’s Board of Directors, and its chair previously headed a task force that scrutinized the Board’s enforcement program.

A focus on consumer marketing and a formula for advisor efficiency were met with lofty expectations and millions in additional funding.

The RIA services platform, launched in 2010, hopes to raise up to $100 million in its initial public offering, according to an SEC filing.

Gorman told the bank’s board last year that he planned to stay on for at least three more years.