In separate cases, the Financial Industry Regulatory Authority Inc. has barred Shlomo Strugano and John Chrysadakis for failing to take part in investigations looking into their conduct.
Mr. Strugano, who worked for 12 firms from 1999 to 2015, when he resigned from First Allied in Reseda, Calif., was being investigated by that firm for having allegedly forged or falsified customer signatures and initials on account and transaction documents. He is not currently an employee of a securities firm.
Mr. Chrysadakis resigned from Northwestern Mutual Investment Services in March after denying allegations of fraudulent activity, including alleged forgery of nonvariable insurance forms and alleged submission of unauthorized nonvariable policy applications, as well as undisclosed financial liens and judgments. He is no longer employed in the securities industry.
The leadership changes coming in June, which also include wealth management and digital unit heads, come as the firm pushes to offer more comprehensive services.
Strategist sees relatively little risk of the university losing its tax-exempt status, which could pose opportunity for investors with a "longer time horizon."
As the next generation of investors take their turn, advisors have to strike a fine balance between embracing new technology and building human connections.
IFG works with 550 producing advisors and generates about $325 million in annual revenue, said Dave Fischer, the company's co-founder and chief marketing officer.
Five new RIAs are joining the industry coalition promoting firm-level impact across workforce, client, community and environmental goals.
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.
