Compliance experts have their say after SEC's first enforcement action based on new marketing rule highlights dangers of hypothetical-performance ads.
Duran's United Capital sold to Goldman Sachs in 2019 for $750 million in cash.
The total of 6,757 advisors moving between advisory and brokerage firms in the first half is the lowest level seen in the data, which go back to 2009.
Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.
With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.
In a poll of 29 firms representing a collective $6 trillion in assets, fewer than half reported feeling satisfied with native tools.
The new firm's pay 'is significantly enhanced from the industry norms,' according to an investor presentation.
'The streamlining of the business is very critical,' says CEO Mike Tiedemann.
The number of deals increased 46% year-over-year, while the amount of assets grew 32%.
The new broker-dealer expects to transition up to 30 financial advisors who are currently registered with Osaic.
The firm is expanding its focus on wealth management and retirement plan advisory.
Jack Ginter was the president of Wells Fargo's private bank until he left in 2021.
Burlington, Massachusetts-based Affinia has 10 professionals overseeing $418 million in assets.
The Royal Alliance name and brand had been around since 1989.
Toronto-based CI says it will combine offices in Boston, Chicago and Miami, in addition to the New York office move it announced earlier this year.
PRISM Financial Strategies has a specific niche serving the unique wealth management and advisory needs of women.
CG Advisor also has a relationship with LPL's custodian and is looking to partner with a third or fourth custodian.
Here's a list of the biggest hybrid registered investment advisors, based on the data firms report to the SEC on their Form ADV.
'Kowach has been laying the groundwork for this since last year,' says one industry source.
The asset-based model is the default setting for many firms, but more creative thinking is needed to attract the next generation of clients.
