Our industry headlines, since yesterday.

At FP's ADVISE AI conference, Michael Kitces called many big-firm data warehouse builds overspends, while Joel Bruckenstein warned small firms to clean their data and scrutinize vendor contracts.

Study data show advocacy scores alone do not secure new plans; specialists, hybrids and wealth advisors each need distinct record keeper support to grow their practices efficiently.

The two teams collectively oversaw more than $1 billion in client assets.

The SEC's exam division plans to probe how firms govern AI use, from deepfake threats to vendor risk, while also prioritizing illiquid products and Reg S-P readiness.

Meanwhile, DPL Financial Partners adds two annuity executives and Prime Capital Financial hires a Mid-Atlantic retirement plan consultant

Lido Advisors CEO Ken Stern outlined his firm’s growth ambitions at RIA Edge Orange County.

Steward executives say small succession deals and book buyouts go unreported, tilting RIA valuation data toward big firms

Since stepping into her position as private wealth director, Krista Goryl has been busy traveling the country to help advisors harness the firm's offerings — from tax planning and trusts to specialty assets and family dynamics — to better serve wealthy clients.

Andrew Komarow pleaded guilty Thursday in federal court in Hartford to defrauding three financial services companies of close to $3.3 million.

Elsewhere, Cetera picks up a $210 million Connecticut team from MML, while Wells Fargo FiNet adds a San Diego family practice from LPL

Celebrity endorsements, $500M in claimed assets, and a state regulator stepping in.

Shawn L. Bernhard had spent less than 18 months at Raymond James after a lengthy career at UBS.

The filing was never the point. Building a great business is.

In other moves, Modern Wealth adds a former LPL team overseeing $330M, Captrust snags Sanctuary team in its own backyard, The AmeriFlex Group adds 17 advisors in Q3, and a $576M Stifel team jumps to Osaic.

Switching to Schwab may not be an easy choice for advisors who view it as a possible competitor.

Jeff Dunn and Bryan Cram will lead Truist Wealth on an interim basis as Shimna Sameer shifts to consumer banking chief.

“We needed to become a more agile and efficient organization,” said American Express CEO Stephen Squeri.

Examiners will scrutinize fee conflicts, complex products and super intelligence threats as broker-dealers face fresh Reg BI and AML reviews

Platform fees for API access and AI agent calls keep landing on advisors' desks, whereas industry history illustrates that openness benefits everyone without hurting profit margins.

In addition, news from next-generation CRM provider FinTurk, Zocks and LPL, and Masttro appoints a COO.

The 73-year-old faces up to 20 years in prison on each of 10 counts of wire fraud.

Larger firms have the governance, vetting and training to deploy AI. Smaller firms are racing to catch up.

Money managers are wary of the massive amount of debt tech companies will need to fund AI investments.

A Discussion With Travis Penfield, CEO And Founder Of 49 Financial

New launches tackle succession planning, AI-driven email management and heir retention ahead of the great wealth transfer

Walter, the CEO of Guggenheim Partners, has been rapidly reshaping his empire as he contends with the probe.

UBS Loses FA Team with $1B to RBC Wealth Management

The number of RIAs with at least $5 billion in assets has grown to 343 from 194 over the past five years, though the share of assets held by fee-only firms has dropped to 34% from 42% during that time, according to Cerulli Associates.

Allowing a sole commissioner to vote when others have to recuse themselves is fraught with potential problems, legal experts told Bloomberg Law.

Of the 13,940 candidates who took the Level III exam in August, only 47% passed.

Oil Hits $114 for First Time Since May as Global Stocks Knocked by AI Fears

Osaic Lures $576M FA Team from Stifel's Former Indie Unit

Advisors who’ve started their own firms talked to FA-IQ about why they did so and what they’ve experienced since.

For sellers weighing PE deals, due diligence shouldn't end with the offer on the table – the acquiring platform and the M&A advisor deserve a hard look as well.

But the regulator warned that the rule revision is not a free pass to advertise eye-popping performance projections.

The scale of the spending risks leaving debt markets dependent upon AI's profitability.

The focus on private funds comes as the SEC considers expanding retail investor access to private markets.

The strategist said the market still needs to fully price a Democratic sweep in the midterms.

Brown, Taylor, Shaw & Associates joined the Raymond James Financial Institutions Division affiliate in Naples.

Donors can use this as an opportunity to offload appreciated shares, giving them a tax advantage.

Global systematic long/short managers were hit by their third-worst day since December 2023.

Andrew Komarow defrauded financial firms through fraudulent electronic transfers, prosecutors said.

Freehold Wealth Management was formerly with Stifel Independent Advisors.

Analyzing taxation of a decedent with connections to multiple jurisdictions.

Making sure they aren’t lost in translation.

How the changes could impact mergers and acquisitions.

Navigating the distribution and sale of qualified small business stock in an estate administration.

Navigating important conversations with clarity and curiosity.

Where does the “buck” stop?

Preserve professional judgment and confidentiality

Its effectiveness depends on the interaction of drafting, local law, tax calculation, fiduciary independence, valuation and recordkeeping.

Christopher P. Woehrle discusses different ways to structure loans to minimize fraud in the context of charitable gift planning.

The most notable tax law developments of the past month.

Legal Editor Anna Sulkin Stern discusses this month's cover art.

Editor in Chief Susan R. Lipp weighs in on the contents of this month's issue.

Citizens Bank’s brokerage subsidiary is seeking a temporary restraining order against Ameriprise and advisor Darrell Smith, alleging he solicited former clients after changing firms.

Wealthspire's entertainment and sports unit expands its U.K. footprint, picking up London-based Atlantic Swiss that oversees more than $1 billion for clients in media and sports.

The $100B-plus mega-RIA is folding custom portfolios, daily tax-loss harvesting and unified managed accounts into its Aspen advisor tech platform.