Former leaders at Goldman Sachs, Fidelity, Creative Planning and Wealth Enhancement Group have joined to accelerate the firm's growth as a new multicustodial platform for independent advisors.

The proposal would ban most new non-compete agreements including those of senior executives.

Fanning spent 17 years with MassMutual, the third-party technology provider’s largest customer, before retiring last year.

The rule, which takes effect in September, “protects the retirement investors from improper investment recommendations and harmful conflicts of interest,” according to Acting Labor Secretary Julie Su.

Chase R. Crump, a former professional baseball player, has joined the NFLPA Registered Player Financial Advisor program.

The asset class continues to gain momentum, marking the sixth consecutive quarter of growth.

The bank has struck an agreement to transfer clients and their assets from the unit known as Marcus Invest to Betterment, a $45 billion digital investment-advisory firm.