Buffalo, N.Y.-based two-person team manages $175 million.
Four-man adviser team in Huntsville, Ala., will operate in indie-employee channel.
Next Capital Management is led by a Goldman alum.
In January and February alone, mutual fund giant took in nine out of every $10 invested in a U.S. mutual fund or ETF.
That represents a decline of 1.2% in a year in which employees' bonuses were cut 2% to 4%.
Lawsuit alleged brokerage firm misused investor funds in financing the failed Jay Peak ski resort.
Four-adviser team Cygnus Asset Management of Charlotte, N.C., is leaving Wells Fargo's Financial Network channel.
Connecticut man raided his client's account in $1.2 million theft.
Self-regulator wants to encourage capital-raising while still protecting investors.
Takes enforcement action against firms taking money to tout stocks.
