DECEMBER 28, 2024

The Stories That Shaped Wealth Management

LPL Fires CEO Dan Arnold for Violating Code of Conduct

Rich Steinmeier, managing director and chief growth officer, was named as his replacement.

Mariner Wealth Comes Under Fire In Courts

Over a matter of weeks, Mariner was hit with multiple lawsuits from rival advisory firms, including Edelman Financial Engines, Avantax and RWA Wealth Partners, claiming the firm's hyper-aggressive growth tactics step over the line. It may just be the new cost of doing business in a rapidly maturing RIA industry, some legal observers say.

Mary Kate Gulick claimed to be psychologically 'broken like a twig' from Carson’s lack of response to allegations an employee sexually assaulted a conference attendee, according to a lawsuit filed in Nebraska federal court.

LPL Faces Legal Challenge Over Cash Sweep Program

Alleged LPL customer Daniel Peters is seeking a class action suit, accusing the firm of pocketing most of the interest generated in cash sweep accounts.

COMMENTARY

The Non-Compete Revolution Begins

RIAs are especially vulnerable to the potential changes stemming from the FTC’s rule.

More than two dozen broker/dealers and RIAs agreed to pay a combined $392.75 million in penalties, including Raymond James, LPL, Edward Jones and Osaic, among others.

Estate Planning

Shannen Doherty’s Estate: When Timing is Everything

The finalization of the actress’ divorce gave her control over her estate plan.

Or will the family be able to squeeze the over $33 million they’re owed in civil judgments out of The Juice’s estate?

Barron Hilton died in 2019, leaving 97% of his fortune to the family foundation. Some of his children weren't thrilled.

Alternative Investments

Which Alternative Investments RIAs Favor Right Now

We spoke to advisors at multiple firms to examine what alternative investments are gaining traction.

Careers

Ten Best Books of 2024 for Financial Advisors

Memoirs abound—blame the pandemic.

The value of education is increasingly scrutinized.

Retirement Planning

America’s 30 Safest and Wealthiest Retirement Towns

California and Arizona are big winners; Florida, not so much.

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