In another blow to Stifel Financial, two former Barclays advisers with $500 million in assets are joining former colleagues at the $3 billion RIA Summit Trail, which was founded last month.
The wirehouse failed to comply with anti-money-laundering requirements by not properly vetting some 220,000 new client accounts over a nine-year period, Finra charged.
Digital-advice platforms reach out and respond to nervous investors as market volatility demands more communication.
The regulator is examining a broad range of possible conflicts, from production incentives and mutual fund fees to recruiting bonuses.
Behind the scenes, robo-advisers are quietly hatching plans to compete more aggressively with flesh-and-blood advisers.
After picking up a $2 billion Morgan Stanley team earlier this month, UBS Wealth Management Americas maintained its recruiting momentum by signing four advisers from rival wirehouse Bank of America Merrill Lynch.
New blog adopts Superman's alter ego as its anonymous author; aims barbs at popular gossip site AdvisorHub.
Brokers allegedly pushed conservative investor to put 100% of assets into risky proprietary bond funds.
Plaintiffs accuse firm of receiving almost half of the management fees while a sub-adviser did most of the work.
More deal sweeteners are being used by custodians to lure big breakaway teams. </br><b><i>(Plus: <a href="http://www.investmentnews.com/section/specialreport/20150809/CLEARING" target="_blank">Our special report on custodians and clearing firms</a>)</b></i>
