Third-generation Waltons are bolstering their fortune by investing in trendy restaurants, energy technologies and cycling clothes.

The SEC claims Stuart Frost defrauded venture capital funds and their investors to fund his lavish lifestyle.

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

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.

Independent b/ds are on the hook for their reps’ behavior, even those thousands of miles away. A new compliance consultancy wants to help firms close that gap.  

Richard G. Duncan knew the investment was likely a scam, yet he failed to let his clients know, the SEC claims.

Focus Financial Partners spent much of its second fiscal quarter earnings call Thursday addressing questions about the company’s leverage ratio.

Kestra Financial, the Austin, Texas-based corporate RIA, said Tuesday that it has added Alpha Wealth Advisors of Glen Allen, Va., to its platform.

New York-based Focus Financial Partners Inc. has acquired Harrisburg, Penn.-based Roof Advisory Group, Inc. for its partner firm Fort Pitt Capital Group, LLC

Wells Fargo & Co. said Wednesday that it has promoted Jim Hays to president and head of Wells Fargo Advisors.