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LPL Financial Recruits Former Cetera Team

LPL Financial LLC, the nation’s largest independent broker-dealer, has added financial advisors Joe Roddy, Steve Mayer, and Laurie Elfrank of West End Advisory Group...

Wealth Enhancement Group Buys Houston-Based Practice with $513 Million in Client...

Wealth Enhancement Group, an independent wealth management firm, has purchased Fitzgerald Wealth Management, an independent financial advisory practice with four advisors that collectively oversee...

LPL Financial Adds Former Ameriprise Team

LPL Financial LLC, the nation's largest independent broker-dealer, has added financial advisor Alan Kodama and the team at Pacstar Financial Group to its broker-dealer,...

SEC Fines Two Kestra RIAs for Undisclosed Revenue Sharing Conflicts

The Securities and Exchange Commission has settled charges against Kestra Advisory Services LLC and Kestra Private Wealth Services LLC, two registered investment advisor subsidiaries...

Wealth Enhancement Group Buys Los Angeles-Based RIA in Second SoCal Acquisition

Wealth Enhancement Group, an independent wealth management firm, has purchased Oakwood Capital Management, a Los Angeles-based independent registered investment adviser with $1.04 billion in...

Advisor Group Hires Former RBC Executive as EVP of Business Development

Advisor Group, a network of independent wealth management firms, has hired Kristen Kimmell as the company’s new executive vice president of business development. In her...

Securities America Advisors to Pay $1.8 Million For Failing to Prevent...

The Securities and Exchange Commission has ordered Securities America Advisors, the RIA arm of broker-dealer Securities America Inc., to pay a $1.75 million civil...

Former Wells Fargo Advisors Launch Independent Practice with LPL

LPL Financial LLC, the nation’s largest independent broker-dealer, reported that financial advisors Steven Carlsen and Sathya Chey have launched a new independent practice, Arise...

CI Financial Enters Pennsylvania with $2.6 Billion RIA Acquisition

CI Financial Corp. (TSX: CIX; NYSE: CIXX), a dual-listed investment and wealth management company based in Canada, has agreed to purchase Radnor Financial Advisors,...

Crown Capital Securities to Pay $1.6 Million to Settle SEC Charges

The Securities and Exchange Commission has ordered Crown Capital Securities LP, a dually registered investment adviser and broker-dealer, to pay nearly $1.6 million in...