Sterling Wealth Group, Melville, New York-based practice managing $390 million, has affiliated with LPL Financial’s broker-dealer and will use its corporate registered investment adviser and custodial platforms. The team formerly was affiliated with MML Investors Services. The post LPL Financial ...

MAI Capital Management, a Cleveland, Ohio-based registered investment managing $12.2 billion, has acquired Investment Planning Associates, a Rockville, Maryland-based RIA managing $235 million. IPA founding partner Jay Levin will assume the role of senior wealth advisor and managing director at ...

Cryptocurrencies were peerless conduits of greed and fear in 2021, alternately minting and wiping out fortunes as they swung wildly while adding some $1.5 trillion in overall market value along the way. Bitcoin, up more than 60% this year, absorbed ...

The December edition kicks off with the big news that Halo Investing has raised a $100 million Series C round to fuel the ongoing growth of structured notes, annuities, buffered ETFs and other “protective” investment vehicles, alongside competitors Simon Markets ...

The Securities and Exchange Commission on Friday told brokerages and investment advisory firms they need to more clearly disclose their fees and explain their conflicts of interest while using less jargon on a document known as Form CRS. The SEC ...

Washington State Gov. Jay Inslee and the state’s legislative leaders have agreed to delay assessing premiums for the state’s long-term care fund until legislators can make refinements to the Long-Term Services and Supports Act, which created the fund in 2019. ...

The JPMorgan Chase & Co. $125 million settlement with the Securities and Exchange Commission for failing to keep track of its employees’ communications over email and messaging apps may be a sign of trouble that many firms are experiencing in ...

Vanguard Group Inc. has cut the expense ratios of 17 of its funds, a move that will produce an estimated $18.9 million in savings for investors, the fund giant said. The estimates were based on year-over-year comparisons for the company’s ...

The Financial Industry Regulatory Authority Inc. has censured RBC Capital Markets, fined it $550,000 and ordered restitution of $456,155 plus interest over actions involving high-yield bonds. Finra said that from July 2013 through June 2016, RBC failed to identify for ...

In the latest example of the old-school mutual fund industry reluctantly acknowledging the growing allure of exchange-traded funds, Capital Group Inc. on Friday morning updated the filings for its move into the ETF space with fees that undercut its own ...