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Colony Group to buy $288 million RIA
NEWS RIAS AUG 10, 2021
Colony Group to buy $288 million RIA

The Boston-based firm will acquire Calabasas, California-based Legacy Wealth Partners.

SEC accuses adviser of scamming $700,000 from sect members
NEWS REGULATION AND LEGISLATION AUG 10, 2021
SEC accuses adviser of scamming $700,000 from sect members

Evarist Amah of New Rochelle, New York, is charged with producing phony statements to fleece co-religionists.

Indies managing $376 million switch to Securities America
NEWS RIAS AUG 09, 2021
Indies managing $376 million switch to Securities America

Robert Batick moves from Westport Capital, while Norman Coates made the switch from LPL Financial.

Assets in 529 savings accounts increase by 6.1% in Q2
NEWS INDUSTRY NEWS AUG 06, 2021
Assets in 529 savings accounts increase by 6.1% in Q2

Inflows to the accounts rise to $4.7 billion during the quarter, from $3.7 billion in the first three months of the year.

Transitioning from the 60/40 mindset and an adviser for progressives
THE INVESTMENTNEWS PODCAST AUG 06, 2021
Transitioning from the 60/40 mindset and an adviser for progressives

Burt White, CIO of LPL, joins to chat about LPL's annual meeting, transitioning from the 60/40 mindset, and the role of a CIO. Zach Teutsch, an adviser who specializes in progressive clients, talks about having a niche practice, tax planning for the left-minded, and his curious career path through Bear Stearns during the '08 financial crisis.

Janney adds five reps who managed $1 billion at Truist
YOUR PRACTICE PRACTICE MANAGEMENT AUG 06, 2021
Janney adds five reps who managed $1 billion at Truist

The advisers are based in Virginia and the Carolinas; there's also one rep joining Janney from Wells Fargo.

Wealth Enhancement Group acquires Maryland hybrid
NEWS INDUSTRY NEWS AUG 05, 2021
Wealth Enhancement Group acquires Maryland hybrid

Serafini Financial Group managed $853 million before the transaction.

F.L. Putnam acquires Atrato Advisors
INVESTING ALTERNATIVES AUG 05, 2021
F.L. Putnam acquires Atrato Advisors

The purchase of the investment boutique will provide the RIA with expertise in alternatives.

Nuveen enters active ETF market
INVESTING MUTUAL FUNDS AUG 05, 2021
Nuveen enters active ETF market

The three strategies it is rolling out as semitransparent ETFs are already available as mutual funds.

Brokerage firm, 2 principals found guilty of stock fraud
NEWS REGULATION AND LEGISLATION AUG 05, 2021
Brokerage firm, 2 principals found guilty of stock fraud

Finra cancelled the license of Florida-based Spartan Securities Group in 2019.