News

Dane Roseman and Ivan Acevedo pleaded guilty this week for their roles in the $1.3 billion Ponzi scheme that affected some 9,000 investors.

The longtime Morningstar exec has now departed Apex Fintech Solutions after less than a year formally with the firm.

Net new assets at Charles Schwab have been driven by an 'omni-channel approach' that involves its TD Ameritrade and USAA acquisitions, as well as extensive branch reopenings.

The actively managed JFWD will invest in “innovative, forward-thinking companies that the team believes are leveraging technology to create significant competitive advantages.”

The broker/dealer’s new Resilience Plan will support advisors’ books of business if they choose to take a leave of absence, such as for the birth of a child, personal illness or injury.

Insigneo’s latest recruits from Wells Fargo include Isadora del Llano, Yzana Oestreicher, Maria Garcia and Nilia Gasson.

Hybrid b/d and RIA Cascade Investment Group recommended high-fee mutual fund share classes when cheaper options were available and failed to disclose the fact, the SEC claims.

'We kind of think we’re creating—and not to be arrogant about it—but a new mousetrap,' said CEO James Gorman. 'You’ve got three legitimate channels pouring assets into the house.'