Last summer, the counselor based in Massachusetts Glenn Frank filed a lawsuit in his home state Against Hightower Holdings and Lexington Wealth Management, the firm he has worked for since 2010, accusing him of trying to push him out of his job because of his age. He won a small Victory in that case in…

A former Florida-based financial adviser was sentenced to eight years in prison and now owes the US government $ 37 million for a decade scheme to promote an illegal tax shelter that helped him and co-conspirators seize $ 3 million, according to the Justice Department. Stephen T. Melinger based in Florida from Delray Beach, Fla.,…

You can start seeing LPL financial ads when watching sports events, broadcasting television shows or moving through social media. The country's largest independent broker/dealer announced on Thursday that he is coming up with a national advertising ad to strengthen brand recognition. LPL campaign, called “What if you can?” It will be broadcast on television, social…

For many counseling teams, staying within a wire or broker/dealer feels restrictive. They want more control of how they serve customers, increase and determine success. Starting an independent RIA offers that control, but it is not a simple pivot. There is a change in mentality, a new set of responsibilities and a true proof of…

The biggest risk firms face when choosing to use artificial intelligence generating tools is the governance (or lack of them) in overseeing their use, according to the staff of Finra. During a panel at the one at the FINRA annual conference in Washington, DC, this week, Andrew Molduff, a Vice President and Retail Monitoring Leader…

So many of us ask ourselves, “What do you really need to get from here?” This is one of those episodes that unfolds that question for councilors trying to elevate their levels of production. Whether you have your sights to reach a million income or aim to double or triple your current production, the guest…

Advisors at the center of the constant legal battle between Ameriprise and Financial LPL have raised a response to Ameriprise, accusing the firm of “mud” and ignoring the nuances in their request to stop the lawsuit. Last week, 10 advisers asked the Federal Court to stay in the lawsuit between the two brokers/traders while Finra…

The provider of the wealth management platform, Advisorengine, officially announced several updates this week, starting with integration with three of the best known and funded assistants of him. Jump, Zepline AND ZoxWho can all capture meetings and create summaries, help generate customer communications and cause service actions, are now integrated with the Advisorengine platform. Each…

Osaic institutions, an entity of the company's broker/trader focused on bank councilors and credit unions, has added five credit asset management programs by Cuso Financial Services, part of Atria Wealth Solutions, which was Earned from LPL Financial Last Year. The five firms bring nearly $ 500 million in assets combined in the Osaic institutions channel….

Financial service firms are gathering with clients who need help to deal with parents in aging, but many advisers may not have the focus or tools to provide that assistance, according to a study released Thursday by research and comparison Hearts & Wallets. According to researchers, about 36 million out of the 131 million US…