Bronfman E.L. Rothschild buys Neal Simon's Highline Wealth Management, creating a $3.6 billion firm — the latest example of big consolidations among independent advisers.
Acquisitions among registered investment advisers were flat last year, as buyers grew more selective about culture and philosophy of firms on the block.
Most Fintegra brokers move to Securities America after their former firm is ordered to pay $1.5 million arbitration award.
In rare dissent, one arbitrator says other Finra panelists were swayed by sympathy, not the law.
Such loans are growing quickly, but some are concerned about the potential downside and conflicts of interest.
John Waszolek allegedly took advantage of the client's lack of capacity to be named beneficiary of her estate, Finra said.
The practice is growing quickly even beyond wirehouses, but some are concerned about the risks and conflicts of interest.
BEAM Asset Management brings over 32 advisers and $6.5 million in revenue.
Ron DeCicco expects the RIA channel to continue growing while regulatory pressures and higher expenses weigh down broker-dealers.
Does away with “Network” and “Alliance” channel descriptors after relatively slow start
