Industry

FINRA claims Oppenheimer clients may have incurred more than $3.8 million in extra fees that they would not have had to pay if they had held their UIT positions to their maturity dates.

Chalice Wealth Advisors and Chalice Capital Partners are being acquired by Kingswood Holdings, UK firm with its sights on U.S. wealth management.

The retainer-based fee movement is a growing alternative to the AUM-based model.

The brokerage eliminated commissions on most ETFs long before competitors did; now it's doing the same for stocks and options.

Biotech billionaire Dr. Phillip Frost claims the merger disregards obligations owed to him as a shareholder of certain notes.

The Canadian company will take a majority stake in California-based One Capital, an RIA with $1.6 billion in client assets, its second acquisition of a U.S. RIA in as many months.

In addition to failing to disclose financial incentives to sell insurance products, investment advisor and radio host Keith Springer also paid internet consultants to suppress online mentions of previous SEC complaints, according to the complaint.

Defections from Royal Alliance/Advisor Group bring a coterie of CFP/CPAs to LPL.

The grants will be based on advisors’ 2020 performance and will be awarded in the first quarter of 2021.