Classic Asset Management will pay more than $933,000 to settle charges with the commission. The settlement comes several months after the SEC’s Exam Division cited leveraged ETFs as a main area of focus.

More than $6.6 billion in assets was transacted this week, while two new firms were launched, an investment bank opened, and key positions were created and filled.

A lot can be learned listening to clients’ experiences with financial advisors—good and bad. We talked to Stan Kimer, president of Total Engagement Consulting by Kimer, a diversity and career consulting firm in Raleigh, N.C.

Former First Republic duo, managing $452 million in client assets, has jumped ship and joined RBC’s San Francisco office.

Focus Financial Partners posted a net loss and lower-than-expected revenue during the first quarter, as it nears a sale to private equity firm Clayton, Dubilier & Rice.

Anthony Fletcher's lawsuit claims that Morgan Stanley hired his candidates without his knowledge, depriving him of commissions.