While deal volumes were down from the first quarter, the RIA space saw its second-most active second quarter on record, according to Echelon Partners.

Alleged LPL customer Daniel Peters is seeking a class action suit, accusing the firm of pocketing most of the interest generated in cash sweep accounts.

The outage began early Friday morning with a software update from the cybersecurity provider Crowdstrike as the likely culprit. Schwab posted on its website a message warning users of potential issues.

Dynasty Investment Bank advised Abacus, which launched a wealth management division last year, on the deal with Carlisle Management.

Mo Sparks, the former director of exchange-traded products at the NYSE and a Vanguard veteran, will lead the initiative.

Tom Taylor, who's been with Cetera for nearly three decades, will depart at the end of the year, while the firm searches for a replacement.

According to the brokerage regulator, Laura Casey purchased securities in clients’ brokerage accounts when she could have avoided sales charges by using advisory accounts.

The alternative asset investment behemoth also teased two new strategies aimed at wealth clients to launch in 2025.