Industry

The commission alleged two advisors defrauded clients by allocating unprofitable trades into their accounts, netting millions in "illicit" profits for themselves.

Watch the wholesalers.

The changing rate environment should create a more attractive exit environment for existing private equity investments, as well as fuel new acquisitions.

A team of 14 professionals has launched Matauro, which will use Fidelity for custody and Purshe Kaplan Sterling Investments for brokerage business.

In other RIA news, Merchant stakes an investment banking firm, Focus partner firm Transform Wealth buys fellow Denver business Custom Portfolio Group, and Cetera's employee RIA acquires an Austin-based practice with $185 million in assets.

The Canell Group includes the sibling advisory duo Jay and Neil Canell. They’re joining Wells Fargo’s Private Client Group along with four advisors and support staff.

The two Wall Street heavyweights have struck an exclusive partnership to arrange financings for corporate and private equity clients.

Once complete and available, the Intelligent Agent should help relieve the burden of manual communications review on compliance officers.