The Wall Street giant is seeking to enforce contract clauses meant to keep former employees from working for rival firms or reaching out to clients for six months.
Aaron Klein announces AI for advisors, dollars for vulnerable children at Fearless Investing Summit
A new name, new tools and more than $50,000 for kids in Ethiopia gave the leader of the wealthtech firm formerly known as Riskalyze plenty of reasons to smile this week in Miami.
Arkadios adds $800M breakaway team going independent
Two financial advisors left JPMorgan Securities and one left Capital Group’s high net worth unit for the fast-growing midsize firm.
For investors, government shutdowns are losing their shock value
Over the weekend, Congress approached and then retreated from fiscal armageddon. Wall Street’s response: Whatever.
Hurst Point completes Helm Godfrey takeover
City of London Financial Planning firm and wealth manager Helm Godfrey has been acquired by Private equity-backed wealth manager Hurst Point Group for an undisclosed amount. The deal was announced in May and has now achieved regulatory approval. Helm Godfrey has 65 employees and has around £1bn in AUA and around £0.45bn of AUM. Its […]
11 tax tips on mortgages and homeownership
A half dozen experts shared advice for financial advisors and clients who are buying, selling or refinancing homes.
Citi to pay $2M for failing to mail disclosures, SEC says
Citigroup will pay almost $2 million to settle SEC allegation that two of the bank’s brokerages recommended trades to customers without appropriately mailing disclosures to them.
Editor’s Comment: Riders on the storm
I meet and talk to online many Financial Planners during the course of a typical month. I’m always impressed by their enthusiasm and enjoyment for what they do and also their long-term confidence that they are in the right profession at the right time. The scale of M&A activity is a reminder that good […]
Wealth manager parent buys HNW client tax adviser
Financial advisory firm Dow Schofield Watts, which has a wealth planning division run by a Chartered Financial Planner, has expanded with the acquisition of a Lancashire-based HNW client tax specialist STS Europe. Burscough-based STS advises high net worth clients including UK-resident non-domiciles on areas such as inheritance tax, trusts and offshore structures. The deal, for […]
FINRA seeks to extend remote inspections into 2024
The proposal comes amid the broker-dealer regulator’s push for a pilot program to test out branch reviews done at a distance rather than in person.