There’s a large diversity gap in asset management, The Oakley Group joins Raymond James’ Pinnacle Asset Management and David Kutcher is suing a client for defamation.

CEO Dan Arnold told investors he expects 70 percent of advisor production to move over in the first wave—but what is the bar for success?

EQIS, which opens SMAs to advisors with mass affluent clients, fills out executive ranks, including an ETF marketing leader from Schwab.

Geller Family Office Services said better technology and client reporting were top reasons behind the decision.

The founders hope AdvicePay will bring services to clients better served by fee-for-service billing.

The platform outwardly opposes how most advisors use model portfolios.

As part of a plea agreement, Nicholas Mitsakos agreed not to appeal any sentence of 37 months or shorter, and to forfeit about $861,000.

Regulators need to put forward a unified definition of fiduciary duty so that investors and advisors can have a fully informed debate on the matter.

The firm joins Triad from Securian Financial Services after 25 years with the broker/dealer.