A panel asserted that Alpine Securities had misused customer funds and securities, made unauthorized trades and charged customers unreasonable fees, while the firm argued it needed to raise fees to offset lower profits.
Envestnet's 2021 Advisor Summit and Informa Connect's RIA Edge are among the first Choir Certified and Inaugural Partner conferences: those working toward raising the visibility of women, nonbinary people and people of color onstage.
The commission argued Pennsylvania-based Ambassador Advisors breached its fiduciary duty by investing client funds in mutual fund share classes with 12b-1 fees when more affordable options were available.
Under the opt-in program, an advisor agrees to contribute a portion of their revenue, typically between 10% and 20%, in exchange for upfront cash and equity in Merchant-backed Private Advisor Group.
Starting with its wealth unit, UBS expects about 10% of its workers in the U.S. to go remote.
Amy Wasser’s move to Raymond James is the latest addition of several in recent weeks that have collectively totaled more than $1 billion in managed assets.
