Carolyn Armitage, former managing director at M&A consultant Echelon Partners, will lead the independent advisor platform, currently with 180 advisors.

ProPublica published an article this week detailing that several of the world’s most prominent billionaires paid minimal to no federal income tax in some years, based on confidential tax records.

The Justice Department accused Paul R. McGonigle of defrauding several investors by making withdrawals from their annuities without their approval or knowledge.

The LoanDepot CEO is a rarity among the ultra-rich: an Asian-American multibillionaire.

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.