All are joining from Citi, while two worked for J.P. Morgan previously. J.P. Morgan Private Bank CEO David Frame called the greater Chicago area 'a critical part' of the bank’s expansion.

Beachwood, Ohio–based RIAs MGO Investment Advisors and One Seven have merged, with Merchant Investment Management taking a minority stake in the new entity.

The New York State Department of Financial Services alleges Robinhood lacked sufficient staff and resources to ensure compliance with the Bank Secrecy Act and anti-money-laundering rules. 

The Wealth at Work division is a key component of the bank's plans to become a wealth-management powerhouse.

Heber Fuger Wendin Investment Advisors, with $8.6 billion in assets, brings to Mariner its client roster of community banks and credit unions.

Private equity–backed Clearstead completes its sixth acquisition in seven years, bringing its total assets under advisement close to $32 billion.

The SEC's settlement with Aegis Capital Corporation included a $2.3 million civil penalty; Commissioner Hester Peirce said the deal may lead to firms not giving clients the investment option at all even when it would be useful for them.

Advisors with histories of serious misconduct who exit the brokerage industry often continue to provide advice under state insurance regulations and are likely to reoffend in the future, according to a recent Stanford Law study.

Genstar-backed insurance and wealth management firm Alera Group is on track to reach its goal of $10 billion AUM by 2023, according to the firm.

With recent backing from insurer MassMutual, Kudu now has minority investments in 19 asset and wealth managers in the U.S. and abroad.