Industry

The incident sparked a sensitive review overseen by senior leaders. The partner and the woman who complained left the firm by early 2021.

As much as $3.7 trillion in client assets will be up for grabs in the RIA space over the next five years—and private equity firms want in.

Pershing's Lisa Crafford and Morgan McGovern have resigned from their roles at the RIA custodian.

The move comes several months after Cetera announced it would acquire Securian’s retail wealth business, including its b/d and RIA.

The new platform seeks to bridge the gap that separates asset managers, advisors and clients from alternative investments.

Several industry observers close to Cetera say the timeline is set and former Fidelity executive Mike Durbin, CEO of the holding company, will take control of the firm after an upcoming recapitalization with private equity owner Genstar.

Since mid-May, the $2.4 billion AUM firm has launched programs providing education and support to recently retired individuals, next-gen investors and student athletes.