Plus, Well Fargo hails May recruitment haul totaling more than $3 billion in assets, while UBS recruits a top advisor and women's champion from Lazard.
The two wealthtech platforms name new C-level executives as AI-native strategy and private markets growth accelerate across the advice industry
Meanwhile, Cresset welcomes a $1 billion AUM advisor from JPMorgan as managing director, while Sanctuary helps a Merrill Lynch breakaway launch his own independent RIA.
Franklin Resources' fixed-income unit settles SEC charges and closes firm-level DOJ and regulatory probes, but Kenneth Leech's criminal case continues.
S&P Global reaffirms its profitability rules, leaving SpaceX's lofty $135-a-share IPO without the benchmark's passive fund boost.
Industry group submits testimony supporting S2782, which includes language shielding licensed financial professionals from the state's contentious new ABC test.
Also, Zocks and Amplify unveil integrations with Conquest and Wealthbox CRM to extend their reach among independent advisors.
The milestone caps a relentless run driven by low costs and a historic shift toward passive index-based strategies among American investors.
The deal creates one of the largest independent RIA footprints in the Philadelphia metro region, with more than $30 billion in combined client assets.
Elsewhere, Osaic and Ameriprise each recruited family-owned practices previously affiliated with LPL and Thrivent.
