Industry

“You’ve got to take into account the rate of growth we’ve had in the last few years,” CEO James Gorman said.

New RIA aggregator on the block, Transcend, formed by execs from Mercer and Budros, Ruhlin & Roe, partners with Lincoln Investment to invest in growing fee-only RIAs.

The partnership gives WEG's 360 advisors access to a customized version of the CAIS alternative investments platform.

Charles Malico, a former broker with Network 1 Financial Securities, will also pay a $5,000 fine. The disciplinary action follows the SEC’s first violation notice issued earlier this year citing the new standard.

The order concerning New Harbor Financial Group's recommendation of an inverse leveraged ETF comes several months after the commonwealth secretary announced an investigation into b/ds distributing single-stock ETFs.

Chicago-based and women-led, the former LPL affiliate will join SageView as it continues to build out its wealth management capabilities alongside retirement plans.

Once again, the DOL could put the employment status of independent broker/dealers in jeopardy. FSI President Dale Brown questioned whether the department gave enough attention to feedback from the industry when formulating the proposal.

The St. Louis–based firm launches its fourth location in four years.