The Certified Financial Planner Board of Standard has imposed an interim suspension of the CFP certification against Filippo Mastrocola, a Massachusetts adviser who was permanently barred by his state’s securities regulator.
The CFP Board issued the interim suspension after receiving evidence of the Massachusetts action. According to a consent order in May, Mastrocola agreed to a permanent bar, $102,000 in restitution and a $175,000 administrative fine as a result of advising a client to liquidate an Individual Retirement Account holding $228,000. Instead of purchasing a Medicaid-compliant annuity with the funds as he said he would, Mastrocola used most of the proceeds himself.
Under the interim suspension order, Mastrocola’s cannot use the CFP certification marks pending CFP Board's completed investigation and possible further disciplinary proceedings.
Looking to refine your strategy for investing in stocks in the US market? Discover expert insights, key trends, and risk management techniques to maximize your returns
The RIA led by Merrill Lynch veteran John Thiel is helping its advisors take part in the growing trend toward fee-based annuities.
Driven by robust transaction activity amid market turbulence and increased focus on billion-dollar plus targets, Echelon Partners expects another all-time high in 2025.
The looming threat of federal funding cuts to state and local governments has lawmakers weighing a levy that was phased out in 1981.
The fintech firms' new tools and integrations address pain points in overseeing investment lineups, account monitoring, and more.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
