Criminal charges are also a possibility.

The state became the 22nd to adopt a rule based on the NAIC’s model, joining the likes of South Dakota, New Mexico and Pennsylvania.

Clients in Invest for AmEx by Vanguard can schedule one financial-planning phone call in their first year of enrollment, and those with at least $100,000 in advised assets get unlimited access to Vanguard advisory services.

Trade groups like American Bankers Association and SIFMA want more opportunity to respond to proposals.

LPL also recently added two teams to its employee advisor channel from UBS and Morgan Stanley.

Gallagher and its 90 advisors join the Advisor Group broker/dealer from Kestra.

The performance of publicly traded consolidators has been lackluster, despite favorable conditions in which those business models should thrive, writes Mercer Capital's president.

If other publicly traded RIA aggregators are any indication, CI Financial may not get the valuation it’s hoping for, sources close to the M&A space argue.