News

Wirehouse advisors are more likely to be unhappy with their compensation than those in other channels, saying the packages are too complex and change frequently, according to a new Cerulli report.

With $400 million in assets, Cornerstone is the 15th acquisition in PCIA history and builds on roughly 500% growth in just five years.

Webull Financial settled charges with the regulator, who argued the firm didn’t adequately screen customers for approval when they applied for options trading.

In its first acquisition of the year, Captrust adds a $5.8 billion firm with wealth, retirement planning, and endowment and foundation businesses.

Law firm Eversheds Sutherland attributed the drop in fines to a massive penalty against Robinhood in 2021 and said they expected many Reg BI–related cases in the coming years.

The privately owned independent broker/dealer sold a 'meaningful amount' of equity in the firm to affiliated advisors at the end of January.