Professional Investors Network, a super OSJ with 70 advisors and $1.7 billion in client assets, has left National Planning Corporation, one of NPH’s b/ds.

CEO Greg Luken has decided not to affiliate with LPL Financial, which recently acquired NPH, and instead has consolidated assets and operations under his registered investment advisor, which custodies primarily with TD Ameritrade.

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.