Industry

First Affirmative Financial Network, the $1 billion AUM Colorado RIA that Goldman Sachs picked up in its deal for Folio Financial, was spun off this week.

Merchant Investment Management said it has taken a minority stake in Newport Beach, Calif.-based RIA Corient Capital Partners, which boasts $3.1 billion in AUM.

WEG hires two new executives to iterate on and improve technology and operations.

The SEC settled charges against Milton Dosal Jr., arguing that he raised nearly $100,000 from about 41 investors claiming he could trade stocks on their behalf despite not being a registered broker.

Commonwealth shows off its new logo and new website design.

Leverty Financial Group, a newly formed RIA boasting $400 million in AUM, is the second team recruited from Northwestern Mutual in less than a year.

CI Financial finished acquiring its fifth U.S. firm as it continues its global expansion.

A Morningstar panel also discussed the firm's concerns over the Labor Department's proposed rules on fiduciary exemptions, stressing the importance of clarity in SEC and DOL enforcement.

There's an important difference between 'covering' and 'belonging.'