Industry

The LPL suit is similar to a class action complaint filed last month claiming the firm violated its duties to clients by allegedly making huge profits from the interest rates on cash sweep accounts.

Brown is launching Boston XChange, a nonprofit organization that plans to build generational wealth and cultural innovation in Black and Brown communities. 

Advisor Lock Bingham has created Bingham Private Wealth, an RIA in San Francisco.

The $170 million Englert Financial was formerly with Avantax before Cetera purchased the firm, while the $250 million Rizza Financial Engines was previously affiliated with Osaic.

Sentinel Advisory Group, run by co-founders Brent Cashore, Peter Shulla, Nathan Keeling and Cary Grunder, manages about $300 million in client assets.

The firm's K-Series now takes in $900 million monthly, while its collaboration with Capital Group is on track to roll out its first funds next year.

Rodgers & Associates Wealth Advisers, founded by a husband-and-wife team, represents Bluespring's fourth deal this year.

A new survey from Cerulli Associates found asset managers are increasingly focused on offering custom options to keep their clients loyal.