Eric Bartoli was charged with engaging in a Ponzi scheme through the late 1990s, but federal authorities admit his prison time was double what was suggested, according to the Akron Beacon Journal.

The $4.5 billion deal between Franklin Resources and Legg Mason will create a firm with a combined $1.5 trillion in assets.

Kamila McDonnough left Rutledge Financial Partners to join GRID 202 Partners.

International wealth management co-head Iqbal Khan may not be in the running because of his relatively brief tenure at the bank.

Roughly half of Stifel's revenue growth is likely to come from wealth management this year, according to CEO Ronald Kruszewski.

Nancy Sumption has an extensive background in the public and private sectors, including stints in the U.S. intelligence community and the Department of Justice, according to the SEC.

Ladenburg said its broker/dealers would not be consolidated away, 'reflecting both companies' commitment to a multi-brand network model.'