See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Allworth Financial co-CEO Scott Hanson on how the Lightyear Capital investment will help fuel a monthly buying binge of $100M to $500M AUM RIAs all willing to 'sing from the same song sheet' as part of a nationally recognized advisory firm.
The wealth management team coming from CenterState Bank will help South State Investment Services supply financial advice to clients in states like Alabama, Florida, Georgia, Virginia and the Carolinas.
Brad East would join the company's Phoenix wealth management team. East has 30 years of experience in the industry and joins the employee-owned firm from Moors & Cabot.
Michael Kitces and Alan Moore led a wide ranging question-and-answer session addressing the addition of virtual assistants, Schwab's acquisition of TD Ameritrade and the pandemic's impact on membership.
ClearPoint Capital joins Ameriprise from LPL Financial. The firm was founded by Michael Tuell, and he is joined by his children Jillian and John who are working to become licensed advisors.
The SEC claimed Motty Mizrahi defrauded clients of more than $3 million over a number of years. Mizrahi and his brother also face criminal charges of wire fraud for the alleged scheme.
In the one year since its original investment from Lovell Minnick, and one month after a further infusion of capital, Pathstone has grown by $7 billion in AUA and has ambitions to reach $50 billion.
Scarlett Abraham Clarke is joining the Massachusetts-based company, and hopes to help the firm cultivate talent and create safe workplaces for employees during the challenge of the remote work environment.
SEC Chairman Jay Clayton said he was 'cautiously satisfied' by Regulation Best Interest's rollout thus far and said that he was seeing harmonization in the customer experience in both brokerage and fee-for-service models.
