Industry

As RIA custodians Schwab and TD Ameritrade come together, advisors want to know what to expect.

We are living in an era of radical new financial concepts, and cookie-cutter regulation only reduces choices by investors, businesses and intermediaries.

SEC Chair Gary Gensler told securities lawyers on Wednesday that his agency would continue to pursue violations wherever and however they occur.

CapWealth went up against an SEC staff of eight attorneys, jury experts and two paralegals, and won a rare victory related to share class disclosure conflicts.'This is David and Goliath,' the firm's founder said.

The move allows the company to focus solely on the wealth management business; Blucora stock climbed 9% on the news.

Pennington was elected during a special meeting on Monday, and she will take over the seat vacated by ProEquities' Christopher Flint after he resigned in July.

Follow the wholesalers.

While securities volatility lead to slightly lower total assets and soaring cash balances, LPL's earnings report showed strong quarterly recruiting, pulling in $13B in new money and adding 173 advisors.