Phillip W. Conley could face up to 20 years in prison for portraying himself as an investment advisor to raise funds from about 18 victims, according to the Justice Department.

SEC Chair Gary Gensler’s first pick, Alex Oh, resigned within days of taking the job after a federal judge questioned her conduct in a case she was working on in private practice.

Envestnet plans an emphasis on financial planning in the coming year, including insurance, estate planning and lending services connected through MoneyGuide.

Focus’ new partner RIA is legacy firm Badgley Phelps Wealth Managers.

The acquisition follows JPMorgan’s recent takeover of 55ip, a fintech that focuses on helping investors cut their tax liabilities.

Despite the impacts of the pandemic, the RIA channel reported a record number of advisory firms and assets under management per advisor, according to an Investment Adviser Association report.

Independent broker/dealers are expanding their affiliation models, with many following advisors into the fee-only RIA space—does it signal the end of the IBD as we know it?

Managing $580 million, advisors Steven Carlsen and Sathya Chey are the latest firm to go independent with the help of LPL's Strategic Wealth Services.