The Somnio Wealth team in Louisville, Ky., joins LPL after 14 years with Ameriprise.

The brokerage regulator settled two cases related to the SEC’s rule this week; one securities attorney believes FINRA has now established itself as the “primary regulator” of the rule.

And less time being defensive.

Rob Pettman is leaving the independent broker/dealer after 17 years to join a fintech firm.

Historically, the real estate investment manager relied on independent broker/dealers to reach private wealth. It wants to diversify both its distribution and its investment offerings.

It was a remarkable week in the already indefatigable RIA market, with at least 14 deals announced, two new launches and more than $22 billion in transacted assets.

Lars Knudsen called his former employer “bullies, plain and simple,” claiming the RIA made false allegations about him, including accusing him of brandishing a gun in the office.

Monthly subscription fees for financial planning were up 6% from 2022, according to a new AdvicePay study.

Investors have a strong preference for advisors at large national banks and broker/dealers, especially the high-net-worth.  

According to J.D. Power’s annual survey on self-directed investors, Fidelity took the top marks for DIY investors seeking guidance, with Charles Schwab following closely behind.