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F.L. Putnam acquires Financial Focus and $275 million in AUM
NEWS INDUSTRY NEWS APR 03, 2019
F.L. Putnam acquires Financial Focus and $275 million in AUM

Acquisition adds presence in Wolfeboro, N.H., to firm's New England footprint.

United Capital adds $800 million in AUM through two acquisitions
NEWS INDUSTRY NEWS APR 02, 2019
United Capital adds $800 million in AUM through two acquisitions

Irongate International of Moline, Ill., and Atlanta's Peachtree Investment Advisors join firm.

Captrust acquires $13 billion in AUA through FiduciaryVest spin out
NEWS INDUSTRY NEWS APR 02, 2019
Captrust acquires $13 billion in AUA through FiduciaryVest spin out

Co-founder Philly Jones and team leave; remaining partner continues as FiduciaryVest

Hybrid firm managing $390 million switches from Foresters to LPL
NEWS INDUSTRY NEWS APR 02, 2019
Hybrid firm managing $390 million switches from Foresters to LPL

Firenze Wealth Management is based in metro Portland, Ore.

Former Merrill Lynch banker fined $10,000 over doctored expenses
NEWS INDUSTRY NEWS APR 01, 2019
Former Merrill Lynch banker fined $10,000 over doctored expenses

Finra suspends Prabir Purohit, who left firm in 2016, for one year.

Beacon Pointe acquires Heller Wealth Advisers and $390 million in AUM
NEWS RIAS APR 01, 2019
Beacon Pointe acquires Heller Wealth Advisers and $390 million in AUM

Heller adds metro New York footprint to Southern California-based RIA firm.

Seattle-area adviser pleads guilty to defrauding investors of $3 million
NEWS REGULATION AND LEGISLATION MAR 29, 2019
Seattle-area adviser pleads guilty to defrauding investors of $3 million

Dennis Gibb admits to wire fraud and falsifying records; agrees to SEC bar.

SEC charges RIA firm's former COO with overbilling clients and inflating salary
NEWS REGULATION AND LEGISLATION MAR 28, 2019
SEC charges RIA firm's former COO with overbilling clients and inflating salary

Agency says Richard Diver's scheme overcharged clients of M&R Capital by $750,000 .

'Whopper' UBS broker sentenced to prison for Puerto Rico bond fraud
NEWS REGULATION AND LEGISLATION MAR 27, 2019
'Whopper' UBS broker sentenced to prison for Puerto Rico bond fraud

Jose Ramirez pleaded guilty to misusing credit lines to purchase securities.

Fidelity creates workplace charitable-giving program
NEWS INDUSTRY NEWS MAR 25, 2019
Fidelity creates workplace charitable-giving program

Plan sponsors can integrate philanthropy into employee-benefit plan, fund giant says.