Industry

Clayton Ortloff, an advisor out of Midland, Texas, will join the independent broker/dealer’s model for advisors looking for more autonomy while buttressed by back office support.

The RIA said it was acquiring the two San Francisco-based teams. This follows last week’s announcements that multi-billion-dollar former First Republic teams had joined Merrill Lynch and Citizens Bank.

Private equity participation picked up after a 2023 dip, five deals involving over $20 billion in assets were announced and a couple of new names appeared on the list of top buyers.

The SEC’s new quarterly reporting rules could help make private funds far more accessible to retail investors. But they are a huge task to implement.

The teams are leaving J.P. Morgan Wealth Management to join Bank of America Merrill Lynch and Citizens Bank.

The commission's latest risk alert concerning the ad rule is the second since registrants were required to be in compliance.

Caz Craffy faces 20 years in prison for using his position as an Army Financial Counselor to invest survivors’ benefits in firms where he worked, according to the DOJ.

Fidelity says deals are down 29% from a year ago, but the amount of assets transacted rose by nearly the same percentage.

Edelman Financial Engines is fighting Mariner’s motion to dismiss its lawsuit. In a new filing, Edelman argues that Mariner gets “free rides” off of its competitors.