Industry

The announcement comes several months after Oros became the CEO of the registered investment advisory firm, which will become a member firm of the traditionally broker/dealer-focused advocacy organization.

The firm’s new account opening system, out this summer, will reduce the number of fields clients have to fill out by 25 to 35 percent, making transitions speedier.

Massachusetts Secretary William A. Galvin alleges Janney Montgomery Scott didn't properly supervise a broker who frequently bought and sold high-fee mutual funds to boost his commissions.

The enhanced program includes a valuation tool powered by Truelytics and a promise to buy an advisor's book of business if no one else will.

Regent Peak Wealth Advisors' five-person team will join Dynasty from Merrill Lynch, after managing more than $450 million in client assets.

Advisors who use Morningstar Office Cloud can access the model portfolio platform at no extra charge; 13 asset managers are participating, including American Funds, BlackRock and Vanguard.

The three teams have a combined $250 million in client assets, the firm announced at its W Forum conference this week.

Some clients in the 'yield enhancement strategy' say they suffered losses greater than 20% in an investment they were told was 'conservative' and 'low risk.'

The independent broker/dealer announced the change—along with several other upcoming improvements for advisors—during an earnings call.

Currently, 3% of U.S. investment firms are owned by women, but these firms control only 1% of assets under management.