Now that legal scholars have picked over the SEC’s Reg BI rule, they say changes from earlier drafts significantly weaken standards governing investment advisors and lower protections for RIA clients.

IFS said it fired the banker, which it only identified as "one of IFS Securities' most trusted senior employees."

Four hundred new advisors came to Cetera via the acquisition of Foresters Financial, a large portion of the 1,000 new advisors the firm has recruited year to date. Cetera declined to provide net advisor growth.

Mercer Global Advisors Inc. of Denver said Wednesday that it has acquired Regent Wealth Management Group Inc., an RIA based in Woodbridge, Conn.

DeVoe & Company has added a complimentary new service called DeVoe CapitalWorks that will link advisors to banks and other lending institutions.

Advisors have traditionally lived by the “eat-what-you-kill” mantra. A new community of advisors created on social media hopes to change that.

The firm has made 11 hires at its new St. Petersburg, Fla., headquarters and hopes to have 40 to 50 new or current employees at the new office within the year.

Luxon Financial partners with Ducera to bring investment banking capabilities to its wealth clients.

Independent b/ds are on the hook for their reps’ behavior, even those thousands of miles away. A new compliance consultancy wants to help firms close that gap.  

Ladenburg Thalmann Financial Services has invested in Newday Financial Technologies Inc., a San Francisco-based investing startup that offers low-cost impact investment strategies aimed at millennials.