May 2, 2024
Why B-Ds are Piling on Advisor Discretion Options
Introducing options for clients to delegate discretion to their advisors can free up advisors’ time and boost recruiting and retention for firms, according to industry analysts.
LPL ‘Reimagining’ Alts Platform: CEO
LPL Financial CEO Dan Arnold says the firm is developing a variety of solutions for advisors to expand their businesses.
Wells Fargo Wins $730K Clawback Case Against Fired FA
Advisor Howard Graham, discharged by Wells last year after having been accused of unauthorized trading, must repay the entire balance of his recruiting loan, a Finra arbitrator ruled.
JPMorgan Close to Paying Another $100M over Trade Reporting Snafus
The company says that it expects to pay a $100 million civil penalty to an unnamed third U.S. regulator related to the investigation of the firm's trade reporting.
Cetera-Owned Avantax Buys Wealth Biz of Partner Firm
The company says it has acquired the wealth management business of Integrated Tax & Wealth Strategies.
SEIA Adds $2B RIA in Ohio
Cleveland-based Cedar Brook has two additional locations in Michigan and Pennsylvania.