In June 2023, Romero filed an expungement request in the Financial Industry Regulatory Authority 's dispute-resolution system, alleging that the Form U5 disclosure was defamatory, a Finra filing shows ...

Ameriprise earlier this month brought a complaint against LPL and an advisor team that left Ameriprise for LPL. Ameriprise Financial 's bid for a temporary restraining order against LPL Financial and ...

Morgan Stanley also recently removed language about DEI from its annual report, while Bank of America removed reference to diversity from its hiring objectives and stopped requiring hiring managers to ...

The firm has named Anand Subramanian and Ken Novak to leadership roles as it seeks to bolster its private market offerings for high-net-worth clients. Raymond James announced that it has added two ...

Meanwhile, the latest report said that Wells' U.S. workforce was 54% female and 48% racially/ethnically diverse. It was 55% female and 47% racially/ethnically diverse at the end of 2023, according to ...

The outlook on valuations is also more optimistic: 29% of respondents in the latest survey think RIA valuations will rise, and just 12% expect them to decline, compared to just 16% who thought they ...

Amy Fox claims that she was fired a month after returning from maternity leave because she had asserted allegations of pregnancy-related discrimination by her supervisor. Wealth Enhancement Group is ...

Based on its ADV, each Ellevest account, on average, represents slightly more than $15,714. The average balance at Betterment is $45,900 per account, based on the ADV figures. Achieving and sustaining ...

This story also ran in Financial Advisor IQ's sister publication FundFire. The Securities and Exchange Commission on Friday told top staff at its 10 regional offices that their services were no long ...

An analysis by fintech firm SmartAsset shows that the average 55-year-old consumer is quite the lucrative prospect for financial advisors — and someone who could use an advisor's help preparing for ...

Recent data about consumer attitudes toward saving and spending may be cautionary for financial advisors trying to nudge their better-off clients to spend less money. Across all groups, spending ...

The Securities and Exchange Commission continues abandoning cases connected to crypto enforcement, most recently closing its probe into the crypto trading arm of Robinhood, the company announced on ...