News

New Jersey-–based Headquarters Advisory Group, previously affiliated with Avantax's b/d, will join Avantax Planning Partners, the firm's in-house RIA seeded by its acquisition of HK Financial Services.

The new rule would require high-risk broker/dealers to set aside financial reserves to deal with future claims, including unpaid arbitration awards.

The advisor moves and acquisitions you may have missed the week of July 26-30, 2021.

Some observers argue the CFP Board’s proposed changes go too far and that its resources could be better used elsewhere—others say the revisions don’t go far enough.

In this week's fund news, iM Global Partner continues U.S. expansion; ProFunds debuts the first Bitcoin strategy mutual fund; and investors have saved $357 billion thanks to passive indexing.

LPL's advisory and brokerage assets edged past $1 trillion in the quarter, along with a 17% increase in income and a 13% increase in advisors.

George Heckler is also facing litigation from the SEC in connection with an alleged scheme that lasted a decade and defrauded investors of millions.