Industry

Sen. Jeff Merkley and Rep. Bill Foster have introduced a new bill addressing an old issue—whether to ban mandatory arbitration agreements between investors and advisors.

Bentley Blackmon and Phillip Worthen launch Naviter Wealth with the help of two former Envestnet executives.

Amid a proxy battle with an activist investor, advisors who recently left Avantax say service levels suffered and fees rose after parent company Blucora acquired and combined their broker/dealers.

As Blucora continues to face a proxy battle with activist investor Ancora, its former CEO, John Clendening, accuses the company of filing false statements.  

The commission's Division of Examinations said it had found examples of 'potentially misleading statements' concerning ESG processes, according to a recent risk alert.

Four former Bank of America Merrill Lynch advisors launched an independent practice via LPL's new Strategic Wealth Services affiliation model.

Some legal experts say RIAs are not doing enough to comply with the new rule, especially when it comes to rollover advice.