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The firm says it will not be a custodian for all; rather, it will target RIAs serving HNW and UHNW clients in need of bespoke investments and the trading chops of its global markets division, which will house the new business unit.

White, who oversaw the transformation of LPL Financial's tech stack, will not retire from the industry, as announced in August. Instead, he's joined Carson Group as chief strategy officer and will also sit on the firm's executive board.

John Law will serve 10 years in prison for participating in the nationwide scheme, in which he and his co-conspirators misappropriated millions in clients' funds.

Sam Bankman-Fried drives a Corolla, sleeps on a beanbag, and has a Robin Hood-like philosophy.

The Tesla CEO’s 9.2% position in the social-media company is already up more than $1 billion, though it’s just a fraction of his overall wealth.

Industry expertise is now more important than location.

With its deal to acquire Oakbridge Partners, Homrich Berg doubles down on its market position in Atlanta. It also brings the firm into the M&A market for $1 billion-plus RIAs.