(Bloomberg) — President-elect Donald Trump is picking former regulator Jay Clayton to be U.S. Attorney for Manhattan and two of his criminal defense lawyers to powerful Justice Department posts, rounding out his top picks to reshape enforcement of American law. Trump's plans for the Justice Department have been a whirlwind for months, and his selection…

Sponsored by Samantha Russell, chief evangelist for FMG Suite, explored how social research and AI are reshaping the way consumers discover financial advisors. Speaking at Nitrogen's 2024 Fearless Investing Summit, she highlighted the shift from traditional SEO to platforms like YouTube and Instagram, where audiences demand visual content and instant responses. Russell emphasized the importance…

Morgan Stanley is suing a former employee, accusing him of breaching his non-solicitation agreement when he left to work at Raymond James. The Wire filed suit against Las Vegas-based adviser Nicholas Takahashi in Nevada federal court this week, seeking a temporary restraining order to stop him from allegedly luring clients at his former firm to…

Natural disasters like Hurricanes Helene and Milton are stark reminders that we must always prepare for the worst. During these and other natural disasters, it's not uncommon for customers to need access to funds, which means they need access to you. A strong business continuity plan is essential for financial advisors to maintain business operations…

Sponsored by Clay Young, CEO of Tannin Capital LLC, shared insights on how his firm bridges the gap between institutional investment strategies and high net worth clients. Speaking at the Nitrogen 2024 Fearless Investing Summit, Young highlighted Tannin Capital's commitment to capital preservation, portfolio strength and growth through separately managed accounts (SMA). He highlighted the…

For two days this week, the wealthtech world was glued to their computer screens—even more than usual—watching and participating in the fifth annual AdviceTech.live conference. The event's online audience of more than 1,000 attendees experienced 20 live, 10-minute demonstrations from advisory technology providers, several speaker and panel sessions, and could visit the virtual booths of…

There has been a wave of consolidation in the registered investment advisor space over the past few years. For example, last month broke the record for M&A activity in the RIA spaceaccording to DeVoe & Company. In the year to November 1, such deals increased by 12% compared to 2023. That pace of activity is…

In the ever-evolving landscape of wealth management, financial advisors are constantly looking for ways to grow their business, increase their pay and increase their business value – all while protecting their client relationships, adhering to regulations and using relevant technologies and skills. Additionally, advisors also want control over their practices, the ability to make business…

Hightower Advisors is suing a Washington-based RIA and some of its advisers, alleging the RIA conspired with a former Hightower employee to steal confidential client information that allegedly cost Hightower $150 million in client assets . It's the latest legal development in adviser Lars Knudsen's battle with Hightower, which began after the RIA buyer fired…

It's no secret that publicly traded REITs are a way to add real estate exposure to complement other investments and diversify portfolios. But some larger investors have added a new wrinkle to the equation in how they allocate to REITs, using them to gain access to property types such as data centers, life sciences and…