David Aaron Rockwell pleaded guilty to charges of wire and bank fraud in January and will pay more than $1 million.

After 35 years in the industry, financial advisor Ric Edelman is stepping back from his day-to-day duties at Edelman Financial Engines.

Jeremy Holly is leaving after 18 1/2 years at LPL to lead M&A efforts for SageView Advisory Group, an RIA recently acquired by Aquiline Capital Management.

Medline, run by the Mills family, makes the ubiquitous striped swaddling blanket that almost every U.S. hospital-born newborn is wrapped in.

The mergers, acquisitions and advisor moves you may have missed the week of May 31 to June 4, 2021.

Thematic funds also come out ahead; Bob Doll joins faith-based asset manager; State Street CIO retires; and Nuveen adds portfolio managers on both coasts.

Dynasty CTO Eric Castillo and CIO Joseph Dursi step down from their roles, while Joe D’Agostino gets promoted to head of investment platform and product strategy. The firm hopes to fill the roles in St. Petersburg, Fla.

Sutton, Mass.–based advisor James Couture was charged with wire fraud and aggravated identity theft and was accused of using client funds for his own personal and business expenses.