A new alert from the commission’s Division of Examinations found that many RIAs are miscalculating fees and often overcharging clients, risking enforcement actions.

The four-advisor team will create Famiglia Wealth in Bloomfield Hills, Mich., Sanctuary’s first Michigan partner and fifth ex-Morgan Stanley team to join this year.  

CFP professionals may face a public censure if they do not report within 30 days certain information that could point toward possible misconduct.

The firm announced that two new teams would join Raymond James in Georgia, while a financial advisory duo departed Merrill Lynch to join the company’s Fort Myers, Fla. office.

Peter Mallouk takes an even bigger leap into the 401(k) market in a deal with Lockton that would add $110 billion in assets.