Industry

An administrative order from the SEC alleged clients at a Nebraska-based broker had their assets placed in higher-cost mutual fund share classes when lower-cost options were available.

The acquisition of SVA Financial Group gives Wealth Enhancement Group trust services.

In a virtual 'State of the Industry' briefing, CEO Ken Bentsen said he also hoped the SEC would look at how e-delivery of documents has increased during the COVID-19 pandemic.

Symmetry spent 26 years at Securian Financial Services before moving to Securities America.

Waddell & Reed doesn’t bring scale to LPL but rather a financial planning-focused group of advisors best poised to take advantage of what the larger firm can offer, says LPL Head of Recruiting Rich Steinmeier.

Magnolia Wealth Advisors will be Snowden Lane’s 12th office, and the new addition will put the company over $6 billion in assets under management.

Goldman Sachs' success in operating remotely during the pandemic has persuaded members of the leadership team that they can move more roles out of the New York area to save money.

About 70,000 self-directed customers will transfer from Folio Investments to Interactive Brokers as a result of the deal, expected to close in January.

After 15 years with Wells Fargo, the team, led by Lawrence and Lloyd Glazer and Steven Dimitriou, has started its own RIA.