The Toronto-based firm said it will use the proceeds of the planned IPO of its US wealth management unit to improve its balance sheet.
Martin A. Ruiz took $8 million of client money and spent the vast majority of the funds on personal expenses.
Known as the '3% investment policy,' the rule acted as a modest — if nagging — monthly charge on the revenue advisers generated.
Scott LoPresti and Dean DiPierro, based in Croton-on-Hudson, New York, previously were affiliated with LPL Financial.
While crypto skeptics feel vindicated, a proponent calls the collapse of the world's second-largest digital platform 'very bad news in the short term.'
A push to restore and expand a tax break for investment advice and other issues affecting advisers is likely to be stalled by gridlock.
The planning veteran is being recognized for outstanding achievements in service to society, academia, government and professional activities.
Adrian John of Seattle, who managed $200 million, is affiliating with the firm's independent adviser channel.
There's increasing interest in employing annuities in retirement plans, but plan sponsors need to review the products carefully.
The news that Binance withdrew its offer sent bitcoin to its lowest level since November 2020.
Last year, the firm acquired Viridian Advisors, which specializes in comprehensive financial planning and tax planning.
A new study shows 3 in 10 adults made changes to their investment portfolio in the past six months due to market volatility, with 37% of those investors increasing their cash allocations.
The goal is for independent registered investment advisers to explain to clients simply and transparently what they're paying for services provided.
66% of millennials would be more likely to contribute to their workplace retirement plan for the first time or increase their contribution if they knew their investments were doing social good.
Abbie Osterbur and Niralee Patel are joining the firm’s employee adviser channel in Champaign, Illinois.
Complications for LGBTQ+ clients are only likely to proliferate with impending legal decisions.
2022 is on pace to be another record year for adviser M&A, but the market is becoming more competitive.
The aim is to help more military members and their families reach financial goals.
The firm specializing in tax-related advice draws from advisers and accountants.
The unit overseeing almost $2.5 billion is joining the team at Cadence Bank, which was already affiliated with LPL.
