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 ...

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 ...

Uyeda was named acting SEC chairman on Jan. 20 while former commissioner Paul Atkins — Trump's official nominee for the role — awaits Senate confirmation. On Monday, Uyeda pledged to return the SEC 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 ...

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 ...

Raymond James is also preparing to enter the interval fund space with a private credit strategy, FundFire, a sister publication of Financial Advisor IQ, reported last month.

Advisors going independent typically have had to compromise on capabilities for more control over their business, but that will soon change, according to LPL CEO Rich Steinmeier.

Taxpayer benefit from potential cuts is unclear since the SEC receives industry fees and is "deficit neutral," according to the regulator's latest budget report to Congress, per Reuters. The SEC ...