Industry

The company has faced scrutiny from investors in recent months, particularly regarding unrealized losses from securities held on bank balance sheets. 

And how it could affect advisors.

New York-based fintech advisor Titan Global Capital Management will pay more than $1 million to settle charges it made misleading statements concerning hypothetical performance metrics for its crypto strategy.

The acquisition was part of a plan to broaden the firm’s revenue beyond a traditional focus on ultra-wealthy individuals.

Sequoia Financial Group is adding a team specializing in special needs families, while Wealth Enhancement Group announced its 10th acquisition of the year, a CPA practice has returned to Cetera and Kestra onboarded $1.6 billion in the second...

The acquisition will allow RIAs to offer their clients alternative asset classes including private equity, private credit, secondaries, real estate and more through the Onramp Invest dashboard.

Also, Altruist introduces a multiple account opening feature, more hires at TIFIN and CreativeOne partners with RISA.

The company will administer an auto-IRA program for both Colorado and Maine. The intent is for up to 40% of private-sector employees in Maine to be able to access retirement features.

Digital fraud is a growing threat to advisors, who are on their own when it comes to buying coverage for the risk.