The regulator settled with Park Avenue Securities, alleging the firm didn’t properly supervise an unnamed rep for his outside business activities, despite numerous 'red flags.'

Close to $150 billion in transacted assets was announced this week as milestones were achieved and new territory was conquered.

Also, Orion Client Portal now connects to Redtail, Clearwater Analytics and J.P. Morgan Asset Management integrate platforms, and retirement technology platform Smart acquires ProManage.

The survey by the FPA's Journal of Financial Planning found more than half of advisors recommend clients allocate to funds with access to alternative investments. Almost 25% allocate to PE funds, twice the number from four years ago.

Mac Gardner, founder of FinLit Tech, is working to expand the co-ed MNY Fraternity to universities across the country, with the hope of bringing more diverse talent to the financial planning profession.

The ninth annual WealthManagement.com Industry Awards ceremony will be held in New York City on Sept. 7.

In its 5th deal of the year, Hightower expands its footprint in the nation’s Northeast.