Patrick Donachie

Allegedly, James Heafner of Taylor Capital Management invested funds from five retirees with a company charged by the SEC with defrauding thousands of investors.

According to the fintech firm, Broadridge's acquisition will help advisors better prepare for the implementation of the SEC's Regulation Best Interest rule.

The regulatory agency also announced a conference detailing how brokers, firms, leaders and regulators should prepare for the implementation of the SEC's rule next year.

"Money in Motion" will offer advisors the chance to track inflows and outflows, and set their own designed benchmarks for performance, according to the clearing and custody provider.

Financial advisors will be able to customize client portfolios to address particular values-based concerns, according to the asset manager.

Ameriprise also welcomed a financial advisor with $168 million in assets under management after more than two decades at Merrill Lynch.

A new report from the Spectrem Group shows millennials of different ages react differently as to why they would not retire.

The news comes during a year in which the technology platform provider announced several partnerships and integrations, including with Focus Financial and First Rate.