Industry

DeLynn Zell left the brokerage world in 2008 to launch an RIA that has grown 17% year over year to $2 billion in AUM. "we could sell this firm by Friday," she jokes, but she and her team want to build a legacy business for the next-generation of...

According to the SEC complaint, the defendants would raise funds from clients without investing them, and would often use them to pay for personal expenses.

The 900 Voya advisors won't have to repaper client accounts, and Cetera will offer some form of transition assistance to retain them.

The deal, backed by Cetera's private equity parent Genstar, would likely be for Voya's brokerage network and client assets.

The rule is based off a model designed by the National Association for Insurance Commissioners that was intended to align with the SEC's Regulation Best Interest.

A succinct roundup of the major M&A announcements for the first week of February.

IRON Financial’s retirement division focuses on government agencies, a new focus for Creative Planning.

In a parallel action to the DOJ’s, the Securities and Exchange Commission also charged GPB and a broker/dealer that marketed its securities with running an allegedly Ponzi-like scheme that raised over $1.7 billion.

In addition to being an investor, Pottruck is executive co-chairman of startup Magnifi's board; he and CEO Hurwitz talk about where the industry has come from and where it could go.