Industry

The wealth management industry in the U.S. was built by, and for, native U.S. English speakers. But that just means there’s a growing opportunity.

The regulator says Cambridge Capital Group Advisors defrauded 20 investors, most of whom were retired NFL players who claimed brain injuries from concussions suffered while playing professional football.

UBS CEO Sergio Ermotti is replacing wealth management co-head Martin Blessing with former Credit Suisse Group AG banker Iqbal Khan.

Bluespring, the RIA acquisition arm of Kestra Financial, revealed Tuesday that it has acquired Believeland.

The purchase of Winslow, Evans & Crocker will add 50 advisors and $2.5 billion.

Wells Fargo will pay $450,000 after 1,098 agents and 561 supervisors did not register in Massachusetts.

A Mercatus working paper supports the need for title reform, but it argues that regulators should take a different tack to prevent professionals from making up new titles.

Summit announced that two advisors with more than $1.5 billion in AUM will join the firm from Wilmington Trust to open the office in Harrisburg.

The Wealthies, by the numbers.

The team, from Tucson, Ariz., was attracted to the broker/dealer’s connection with clients, something the big firms are lacking.