Edward Jones Advisor Headcount Tops 19K in Q3

Nov 10, 2023

Advisor attrition dropped by 30% in the quarter to 4.5%, the company announced.

RIA People Roundup: EP Wealth Advisors Taps Kyle Miller to Lead M&A

Nov 10, 2023

A host of ‘strategic’ hires and promotions were announced this week, as firms continue to focus on growth.

RIA M&A Roundup: Hightower Picks Up $2.5B Partner Firm in Orlando

Nov 10, 2023

Hightower, Robertson Stephens, Wealth Enhancement Group, Hub International and Sikitch all announced M&A deals this week.

Cambridge Hires Former LPL Exec to Boost Acquisitions

Nov 09, 2023

Dee Morgan will take a more proactive approach to acquisitions of both broker/dealers and RIAs, whether that's through minority, majority or 100% stakes.

FINRA Fines Firm For Omitting Disciplinary Disclosures on Form CRS

Nov 09, 2023

Parsonex Capital Markets failed to tell clients that several of its reps and one of its affiliated firms had checkered regulatory histories, according to FINRA.

Mindy Diamond on Independence: $3B Former UBS Advisor Finds His New Edge

Nov 09, 2023

Ghislain Gouraige, a 15-year UBS veteran and former leader of the firm’s Private Wealth Advisory Council, talks about what led him down the path to leave the wirehouse and build NewEdge Wealth with colleague Rob Sechan.

CFP Board Begins Publishing Detailed Disciplinary Details

Nov 09, 2023

The Board’s Disciplinary and Ethics Commission previously released anonymized iterations of its public sanctions, but starting today the Board will make the actual orders available to the public.

Sources: Focus Financial Firms To Consolidate

Nov 09, 2023

Industry sources say Focus Financial Partners' new private equity owner plans to merge the sprawling ecosystem of firms into a small number of its existing entities.

Bank of Hawai‘i Outsources Its B/D Operating Platform to Atria

Nov 09, 2023

Via a “pass through” arrangement, Bank of Hawai‘i’s $23.5 billion broker/dealer subsidiary will gain access to Atria’s proprietary technology, including Clear1, Unio, and Contour, as well as home office support.

Morgan Stanley Wealth Business Scrutinized by Fed, WSJ Says

Nov 09, 2023

The SEC has been pressing Morgan Stanley to improve its processes and controls to prevent wealthy international clients from laundering money.