Industry

Brian Simms, an advisor at Brendanwood Brokerage, allegedly urged Donna Wagner to invest payouts from a life insurance policy, according to RTV6.

Former CEO John Stumpf agreed to a $17.5 million penalty and an industry ban.

Integrity Wealth Management will have access to custody and clearing services through SA Stone's parent company, INTL FCStone.

Jack Brod, the new chair at the CFP Board, said the review may include examining the board’s composition and revising term limits for its members.

FSI's five new board members include three female industry leaders.

Creative Planning's acquisition of Stratford Consulting gives the RIA an even stronger foothold in the Dallas metro area.

Fiduciary Trust International's acquisition of Pennsylvania Trust is the firm's second deal this month.

The pace of deals will rapidly escalate this year, even as the size of acquired firms is falling, predicts DeVoe & Co. RIAs and consolidators are leading buyers, as banks seem to be backing away from the market.