The move allows Winthrop Wealth Management, which still custodies with LPL, to get its new practice acquisition platform up and running.
Continuum Advisory has joined the Atlanta-based independent broker/dealer.
Vanguard and BlackRock aren’t squeezing out the smaller managers—the bad ones are weeding themselves out.
The latest case is part of a larger effort by the SEC to crack down on unscrupulous brokers.