As part of the revamp, the department has been renamed 'field supervision,' and the firm has promoted Steve Palmer, a first vice president of sales supervision, to lead it.
The deal represents Captrust's fifth acquisition so far this year, adding 17 professionals and $2.1 billion in assets.
The SEC charged John Robert Jones Jr. for selling unregistered funds that eventually lost $2.6 million of clients' investments.
Advisors Chad Goodchild and Jacob Schlicht launched a New York–based firm called Kickstand Wealth Advisors.
Compliance consulting and mutual fund distribution company Foreside, which itself has grown significantly through acquisition over the past two and a half years, has been acquired by private equity firm Genstar Capital.
Kimmell, who left RBC after more than 27 years, has been tasked with further digitizing the onboarding experience and recruiting advisors outside the independent channel.
The regulator claims Securities America staff received at least 55 automated alerts concerning one advisor’s suspicious activity, yet failed to escalate them.
The advisor moves, acquisitions and mergers you may have missed the week of June 28, 2021.
Advisory executives see a cautionary tale in the fast-growing brokerage firm's brush with regulators.
