Allegedly, James Heafner of Taylor Capital Management invested funds from five retirees with a company charged by the SEC with defrauding thousands of investors.

Advisor Legacy hopes to fill the gap between practice-listing marketplaces and in-house succession-planning departments at broker/dealers and custodians.

Tiburon Managing Partner Chip Roame said he would not name names, although he did commend Alex Chalekian for speaking out about billionaire investor and advisor Ken Fisher’s inappropriate comments at Roame’s summit.

According to the fintech firm, Broadridge's acquisition will help advisors better prepare for the implementation of the SEC's Regulation Best Interest rule.

The custodial firm announced today it too would eliminate the $4.95 commission on trades, including for RIAs, and reiterated that, unlike rivals, it does not sell trade order flow.

SkyView Partners has launched Advisory Practice Board of Exchange, a subscription-free online platform for buying and selling wealth management practices that features access to bank financing.

The merger brings overall assets under management at the combined firm to $340 billion.

The regulatory agency also announced a conference detailing how brokers, firms, leaders and regulators should prepare for the implementation of the SEC's rule next year.

The fee-based world is looking a lot like the old brokerage world in some disturbing ways.

"Money in Motion" will offer advisors the chance to track inflows and outflows, and set their own designed benchmarks for performance, according to the clearing and custody provider.