Finra said the firm overbilled more than 20,000 fee-based accounts in its RIA unit by $2.4 million over seven years and ordered it to pay a $350,000 fine.
Giles Money joins as a money manager in global growth equity strategies and Lucrecia Tam as an equity analyst focused on industrials,
How an activist closed-end fund investor became a greenmailer
Decision by advisers, including an executive director of the ultrahigh-net-worth group, to leave the firm and join Presidio comes amid management changes.
Robos will force a change in the financial landscape, especially in pricing and democratization of knowledge, but they won't necessarily be the winners of the new era.
Months after teaming with Betterment, Fidelity has added LearnVest to its platform, and may even one day launch its own automated advice platform.
Department's plan is to 'reduce harmful conflicts of interest' by amending regulatory definition of fiduciary.
About 52% of the collections reported by credit agencies are owed to hospitals and other medical providers. Advisers must stand ready to help negotiate claims and make sure medical debt doesn't wreck client credit reports.
One of the highest tax rates in the country also means tax advice opportunities are abundant
Along the challenging route toward building a $4B advisory firm, the CEO transformed herself into a more patient and nurturing leader.
Meet the leading RIA firms in the Northeast, South, Midwest and West, ranked by total assets
Steven Lockshin, the firm's founder, is stepping down from his role as chairman and will be replaced by Richard Gershen, the executive vice president of wealth management at City National, Convergent's parent company.
Broker-dealer regulator promises to modify rules after survey identifies 'pain points'.
Convergent Wealth Advisors chief also deploying the software for his new advisory firm.
The big fish are rethinking and redefining what it means to provide financial guidance to a person's entire financial life. Are you going to take them on?
66% of those surveyed credit networks with helping them gain new clients.
Robo-advisers say they aren't worried about Schwab's new entrant but one market analyst isn't so sure the young industry can hold up against the giant household name.
Using online platforms to outsource compliance and back office responsibilities can help advisers focus their time.
Clients need more knowledge about health savings accounts and their potential role in helping fund health and retirement needs.
In a letter to SEC chairman Mary Jo White, two key House Republicans outline opposition to having RIA pay for SEC exams; tell her to reallocate resources to boost exam record
