SMArtY is meant to appeal to advisors who want to use models yet do not have access to sophisticated SMArtX UMA technology.

Yet, average assets per deal is on track to hit the second-highest level ever recorded by Echelon.

In a parallel action, the SEC charged one of Monmouth Capital Management’s reps with defrauding families of fallen military soldiers.

The departing executive spoke about his reasons behind the move; the search for a replacement; the highs and lows of his tenure; what’s next for him, Orion and the industry at large; and more.

Mercer Global Advisors picked up two more firms with more than half a billion in combined assets, while Robertson Stephens, WEG, NewEdge Wealth, Hub International, Kestra, and RFG all announced new additions this week.

A Focus shareholder filed a lawsuit against the company late last month, claiming its proxy statements were misleading. Focus filed a supplement to the proxy, and says the shareholder will drop the complaint.

Threads seems to be an instant hit, yet many advisors are unsure about it.

Jeremy Holly, who left the broker/dealer in 2021 to join SageView Advisory Group, has returned to lead strategic business development.

Cerity has acquired a New York City–based firm with experience serving private equity, hedge fund and venture capital partners.