Industry

The RIA industry is going through a transformation and there are four catalysts behind it, says Mark Tibergien.

LPL adds Summit Wealth Advisors, a Pittsburgh.-based team managing about $140 million in client assets, after 20 years with Lincoln Financial Securities.

Credit Suisse dismissed a Zurich-based banker who forged documentation on an over-the-counter contract for an African wealth management client, which led to an $11 million loss.

A New Jersey resident is seeking damages from Envestnet and Yodlee, with allegations of unsecured data and 'unlawful collection and use of sensitive personal data from millions of consumers.'

The program includes dozens of third-party tools available to the firm's advisors at discounted prices.

Hightower continues its acquisition streak, taking a stake in Waltham, Mass.-based Argent Wealth Management, an RIA with $1.7 billion.

Michigan-based Baldwin Capital Management and Langdon Capital Management join LPL from Voya Financial, while Chicago-based Nestlehut Financial Services moves to Cetera Advisors from Securities Service Network.

Diversity and inclusion encourages us to appreciate and celebrate difference and create environments that do so, which opens up the possibility for creating the highest possible organizational performance.

After 38 years, the SEC has changed its 'accredited investor' definition, moving beyond a focus on income and net worth and expanding the pool of those who qualify to invest in private markets.