Industry

The SEC released two risk alerts to help firms prepare for the compliance date of June 30, which has remained unchanged despite the COVID-19 crisis.

The spread of coronavirus put a kink in Blyth & Associates’ transition to LPL, but the team found that most things could be done virtually.

Despite a global pandemic, the recruiting wars continue, with Auburn, Ala.-based 20 / 20 Wealth Management Group joining newly acquired Securities America.

SkyView Partners, which matches RIAs and lenders, has seen a surge in loan requests from firm principals mostly focusing on partial sales.

The FPA, IAA, CFP Board and others are asking Congress to reinstate the tax deduction, which was repealed in the 2017 tax law, as well as expand the number of taxpayers who could benefit from it.

The news comes nearly a year after the Massachusetts commonwealth secretary filed a complaint against Stephen Querzoli, who was with the Philadelphia-based firm until 2018.

'We did not lay anyone off in 2008. We will not lay anyone off during the current crisis,' said CEO Ron King.

Peter Mallouk’s firm took in $500 million in net new assets, and over a hundred new clients, during the past few weeks. 'It’s been our best month in a long time.'

The SEC's work over the past 10 months with broker/dealers, advisors and regulatory agencies has prepared everyone for compliance by the end of June, Chairman Jay Clayton said today.