Industry

Also, Betterment integrates with Daffy, d1g1t launches a UMA framework and Advisor CRM launches.

Mainstay Wealth Management, with over $850 million in AUM, was with Ameriprise Financial Services for 33 years and is now part of Steward’s legacy division.

James Craven, head of national sales at the brokerage, will oversee advisor recruiting until a replacement for Brendan Krebs is named.

Kenneth Welsh pleaded to five wire fraud counts that carry a maximum penalty of 20 years in prison each.

Hwang was found guilty in July of orchestrating a scheme to mislead his bank counterparties into providing Archegos with billions of dollars in trading capacity that inflated the value of his portfolio until the bubble burst in March 2021.

Strata Financial Group opted to move to LPL because of its “transparency and robust public presence,” according to one advisor.