Industry

The SEC found that after a merger, First Horizon did not properly follow its Regulation Best Interest procedure when making structured note recommendations to some clients.

Many advisors may view AI as a silver bullet, one that will replace their back-office staff. But panelists at the Future Proof Festival this week said it's more of an optimizer.

The commission alleged that the schemers behind the fraudulent crypto platform NanoBit Limited falsely claimed their affiliate was an SEC-registered broker.

Jim Rourke and Michael Liu were named co-heads of private client partnership development, which links Bank of America’s global corporate and investment bank, Merrill wealth management and the Private Bank.

Dougal Williams has been with the $2.5 billion wealth management firm since 2004, previously serving as chief wealth officer and lead advisor.

Firms such as Coinbase Global Inc. and BitGo Inc. have been among the dominant service providers so far in the crypto custody business.

The pilot program was open to a total of two million individual investors in five equity index funds that have combined assets under management of more than $100 billion.

The acquisition of CornerCap Investment Counsel is another step on EP Wealth’s path to becoming a nationwide RIA, according to CEO Ryan Parker.

Small RIAs discuss how they’re staying relevant and competitive, as the larger firms continue to consolidate.

The move into Raymond James’ independent advisor channel is one of several across the industry Monday, including an advisor with $600 million going to J.P. Morgan Wealth Management.