Ken Robbins and two-person team join firm's employee unit in Los Angeles.
Move will allow advisers to select single-manager hedge funds for the first time.
Regulator censures firm for handling of customer orders for nonconvertible preferred securities
Addition of machine-learning technology is intended to enhance value to advisers and clients.
Kevin Graetz was also fined $10,000 for not updating U4s over seven years.
Jeffrey Tolbert will manage firm's Oak Brook, Ill., office.
As part of its review, Finra is seeking comments by June 29
Philadelphia-based Richard Grobman leaves with branch's administrative manager.
The environmental, social and governance investments include a domestic and international offering.
Power, the Canadian parent of Putnam Investments and Great-West Financial, has now invested a total of $74 million in the robo-adviser