Brendan Krebs will lead PNC Investments' Wealth Advisor team, reporting to President and CEO Richard Guerrini and helping build out the firm’s increasing focus on mass affluent clients.

The major technology provider to RIAs and IBDs has been delisted, and the search for a new permanent CEO is ongoing.

The popularity of BDC products was among the main reasons for the change in estimate from $115 billion in July.

According to the commission, James David Burleson’s scheme caused over $3 million in losses for his clients and a 26.5% positive return for himself. The SEC argues the probability that divergence occurred by chance was “less than one in a million.”

And how RPA consolidation could result in more turnover.

The deal is large enough that it needs approval from the government of Canada, which has sought to beef up its reviews of investments by foreign state-owned businesses.  

The deals with Southeast Financial Group, Radiance Private Wealth and Silvertree Retirement Planning are part of the Summit Growth Partners initiative and bring it to 16 strategic investments this year.

HudsonPoint Capital, a Jersey City, N.J.-based firm, joins from B. Riley Wealth Management, which is to be sold to Stifel Financial.