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In this week’s fund news, a new House bill would update restrictions on closed-end funds investing in private markets; advisor Ross Gerber launches an active ETF; and CoastalOne introduces an alternatives platform powered by WealthForge.

The wealth management company formally files to withdraw.

LPL Financial recruits $125 million advisor Brandon Chase from Raymond James.

The AdvisorShares Gerber Kawasaki ETF is based on nine investment themes advisor Ross Gerber expects will outperform in the post-COVID economy.

Nearly a year and a half after integrating its last acquisition, Brent Brodeski's Savant Wealth Management has acquired a $250 million Michigan firm.

Isaiah Goodman pleaded guilty to mail fraud in federal court, with the Department of Justice arguing he defrauded at least 23 clients out of millions.

Phillip W. Conley could face up to 20 years in prison for portraying himself as an investment advisor to raise funds from about 18 victims, according to the Justice Department.