The founder of an advisory firm who claimed that artificial intelligence powered his hedge fund will spend 30 months in prison for defrauding investors of over $5.7 million. Tampa, Fla.-based Mina ...

Kestra Financial and Raymond James have won several of what recruiters are characterizing as relatively early battles in the recruiting drive for Commonwealth advisors. Kestra, a subsidiary of Kestra ...

Cresset, a $72 billion registered investment advisor based in Chicago, announced plans to merge with Monticello Associates, an employee-owned institutional consulting firm with $124 billion in assets ...

Microsoft recently released a report on the jobs most likely to be replaced by artificial intelligence, and personal financial advisors landed at No. 30 on the list of 40, with a high AI applicability ...

Creative Planning, the mega-registered investment advisor based in Overland Park, Kan., has acquired a team in Hawaii overseeing $430 million in client assets. Mosaic Pacific, founded in 2014 ...

Motley Fool Wealth Management, an affiliate of Alexandria, Va.-based Motley Fool, has hired Sabrina Rosh from Ellevest as director of financial planning. In the newly created position, Rosh will ...

Carson Group, the $45 billion registered investment advisor based in Omaha, Neb., is leaning into its “practitioner-led” advice model with a new division focused on providing holistic services to its ...

Authorities arrested a Florida man for allegedly swindling over $600,000 from 11 investors, according to New York Attorney General Letitia James. James claimed Marc Henry Menard’s three-year ...

Main Street Financial Solutions, a Newtown, Pa.-based RIA with $2.5 billion in client assets, has launched a three-person RIA of former wirehouse and broker/dealer employees based in Malvern, Pa., ...

Osaic, the private equity-backed independent broker/dealer that recently completed a multi-year consolidation of several acquired BDs, is now focused on its next challenge: Building out affiliation ...

The top SMA managers of the the decade, per Informa Investment Solutions’ PSN Top Gun awards.

Voya Financial has agreed to acquire OneAmerica Financial’s retirement plan business, which encompasses over $60 billion of assets under administration. The deal is expected to close on Jan. 1 ...