Industry

Chris Flint announced his candidacy several weeks ago, saying he was running to ensure there would be more representation from firms directly offering clients financial advice.

The 12th edition of the "Robo Report" also reports that Vanguard and SigFig scored highly on overall performance among 18 analyzed robo advisor providers.

XY Planning Network added its 1,000th member, Luis Rosa, to its community of advisors, the company said.

Now that legal scholars have picked over the SEC’s Reg BI rule, they say changes from earlier drafts significantly weaken standards governing investment advisors and lower protections for RIA clients.

IFS said it fired the banker, which it only identified as "one of IFS Securities' most trusted senior employees."

Four hundred new advisors came to Cetera via the acquisition of Foresters Financial, a large portion of the 1,000 new advisors the firm has recruited year to date. Cetera declined to provide net advisor growth.

Mercer Global Advisors Inc. of Denver said Wednesday that it has acquired Regent Wealth Management Group Inc., an RIA based in Woodbridge, Conn.

DeVoe & Company has added a complimentary new service called DeVoe CapitalWorks that will link advisors to banks and other lending institutions.

Advisors have traditionally lived by the “eat-what-you-kill” mantra. A new community of advisors created on social media hopes to change that.

The firm has made 11 hires at its new St. Petersburg, Fla., headquarters and hopes to have 40 to 50 new or current employees at the new office within the year.