Industry

The Justice Department accused Paul R. McGonigle of defrauding several investors by making withdrawals from their annuities without their approval or knowledge.

Cetera completes its acquisition of Voya’s financial planning channel, which will join the firm’s regional director model and be rebranded Cetera Wealth Partners.

David Aaron Rockwell pleaded guilty to charges of wire and bank fraud in January and will pay more than $1 million.

The investment firm started by the wealthy heirs to the Hyatt Hotel fortune had been looking to make an investment in wealth management for several years.

An advisor doesn’t need to be in direct talks with private investors for this trend to have a real impact on their work.

The agency claims it needs additional tools and resources from Congress to properly regulate the burgeoning industry.

After 35 years in the industry, financial advisor Ric Edelman is stepping back from his day-to-day duties at Edelman Financial Engines.

While LPL has had a custody offering for more than a decade, the firm has spent the past two years investing in it and making it more attractive to fee-only advisors. Now the firm is ready to take it to market with hopes its 'white-glove' service...

Protective Life combines its independent wealth management and insurance distribution subsidiaries to form Concourse Financial Group.