Industry

The Indianapolis-based firm with about $9 billion in assets under advisement intends to use the loan primarily to 'maintain headcount and compensation,' according to a new Form ADV.

Disciplinary hearings that historically had to be done in person or by phone can be conducted via videoconferencing, the CFP Board said.

Thoroughbred Financial Services said the loan would be used to support payroll and other expenses allowed under the program's guidelines, according to the firm's updated Form ADV.

From virtual home office advisor recruiting visits to videoconferencing, firms are seeing massive growth in digital interest.

Both Crestone Asset Management and IPG Investment Advisors cited the economic impact of COVID-19's spread, and disclosed the loans in newly updated Forms ADV submitted to the SEC.

Ohio-based Wealthquest said it hoped to use the loan to retain its staff and fund payroll costs and health and insurance benefits for employees, according to an updated Form ADV submitted to the SEC.

Portfolio Connect, Schwab Advisor Services' portfolio management platform for new RIAs, surpassed 1,000 users.

The deal will bring information security and cybersecurity expertise to a leader in communications compliance technology.

Morgan Stanley will offer a full suite of wealth management services to its existing Canadian corporate stock plan customers.

The new rewards program is being rolled out to in-house clients with a minimum of $250,000, not the firm's RIA custody business.