The merger—the first among two Dynasty Financial Partners firms—will create a $4.5 billion RIA with 24 employees and four offices.

The new program will also include a ban on cold-calling and a shorter period to complete the program, from 36 to 18 months.

The Yamauchi No. 10 Family Office, established in 2020, manages more than 100 billion yen ($918 million).

Edward E. Matthes pleaded guilty to wire fraud charges last year; his 27 victims included many elderly investors as well as his parents, according to the Justice Department.

Leaders in the RIA M&A space discussed some of the traps sellers should be aware of during a virtual roundtable by Advisor Growth Strategies.

Regulators also detailed findings from examinations into how firms handled the initial implementation of Reg BI and Form CRS requirements during panels at FINRA's annual conference.

The mergers, acquisitions and advisor moves you may have missed the week of May 17, 2021.