MARCH 2, 2024

INDUSTRY

Mariner Wealth Avoids DOJ Charges by Admitting to Non-Poaching Scheme

Patrick Donachie

The RIA entered a non-prosecution agreement with the Justice Department’s Antitrust Division last year over charges it conspired with American Century Investments not to hire each other's employees.

FULL ARTICLE

INDUSTRY

$1B Pennsylvania Team Leaves Merrill for LPL Financial

Diana Britton

Continuity Private Wealth represents the 40th team to join through LPL’s Strategic Wealth Services.

FULL ARTICLE

PEOPLE

Kabir Sethi to Leave LPL Financial

Diana Britton

A public filing cited an “organizational realignment of certain business functions” as the reason for the departure.

FULL ARTICLE

RIA NEWS

What’s Behind Liz Nesvold’s Move to Emigrant?

Diana Britton

Nesvold says she’ll certainly use her M&A know-how, but she’ll also play a larger role connecting the dots between Emigrant’s businesses—with the high-net-worth individual at the center of it all.

FULL ARTICLE

INDUSTRY

Former Edelman Advisors Sue for Right to Break Covenants

Patrick Donachie

Both Jennifer Staben and Tim Dowden claim the contracts they signed during their time at Edelman discourage individuals from working elsewhere, while Edelman accused one of the advisors of a “flagrant” breach of their deal.

FULL ARTICLE

PHILANTHROPY

Reporting 2023 Charitable Contributions for Income Taxes

Sheryl Morrison

As donors and their tax advisors report 2023 charitable gifts, they should ensure compliance with the substantiation requirements to avoid questions about, and possible disallowance of, their charitable deductions.

FULL ARTICLE

RPA

401(k) Plan Sponsors Are Demanding More from their Advisor

Fred Barstein

Resulting in more RPA turnover and due diligence.

FULL ARTICLE

A $515M Indiana Team Returns to LPL from PNC

Diana Britton

Advisor Seth Marshall cited LPL’s evolution and specialized resources for high-net-worth clients as reasons for his return.

FULL ARTICLE

TECHNOLOGY

Orion Expands Advisor Access to DPL's Fee-Based Annuities Platform

Davis Janowski

RIAs on the Orion platform with DPL membership now have more flexibility and data feeds around annuities and insurance.

FULL ARTICLE

RETIREMENT PLANNING

Number of 401(k) Millionaires Swells Back Toward Record

Suzanne Woolley

The amount of seven-figure retirement accounts at Fidelity Investments surged in the fourth quarter of 2023.

FULL ARTICLE

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