B. Riley Financial has agreed to unload a majority stake in its Great American Holdings unit to funds managed by alternative asset management firm Oaktree Capital, according to news reports.

The Financial Industry Regulatory Authority has sanctioned an ex- Ameriprise financial advisor over alleged violations of the Securities and Exchange Commission 's Regulation Best Interest.

Commonwealth expects to roll out Pontera, a platform that enables advisors to manage their clients' retirement accounts, to its advisors in 2025, according to Kloman. He cited access to retirement ...

Citigroup 's own assessment concluded that a lack of properly trained staff has been key to the firm's regulatory troubles in last year, with some insiders assigning some blame to the restructuring of ...

The coming revolution will make social media and the internet "look like a distant past," according to Osaic CEO Jamie Price.

Janney Montgomery Scott has launched a donor-advised fund program for its advisory customers.

Advisor Michael Fowler, who has been in the financial services industry since 1992, joined Citi in Reston, Virginia, from Merrill Lynch in 2017, according to BrokerCheck. Last month, Fowler left Citi ...

The repricing of sweep deposits dented otherwise positive results for Wells' wealth unit last quarter. Revenue was up 0.5% quarterly and 4.8% year on year, to $3.88 billion, spurred by 2.1% quarterly ...

Ninety-one percent of wealthy Americans give to charity, Bank of America Private Bank said it found in a survey of 1,007 U.S.-based respondents age 21 or older and with at least $3 million in ...

The latest funding round puts the valuation of Farther Finance Advisors at $542 million. Farther Finance Advisors, a startup aimed at financial advisors, has secured $72 million in funding, according ...

Clients working with managers through a dual-contract arrangement are more likely to embrace multi-asset tax optimized offerings from managers, said Seth Stuart, head of product at financial services ...

Cetera has also been steadily recruiting advisors from rivals in recent weeks, including a team from Osaic overseeing $269 million, a team from UBS overseeing $400 million, and a husband-and-wife team ...