Andrew Foerch

Alec Abbott, formerly a partner at Baker Tilly LLC, bought back his book of business and moved to The Norden Group upon reaching the accounting firm’s mandatory retirement age.

LPL Financial, Raymond James, Ameriprise and Edward Jones will each pay $50m.

Envestnet’s proxy statement discloses that Bain Capital and Envestnet have held ‘preliminary discussions’ about potentially purchasing Sipp’s minority equity interests in Fiduciary Exchange, Advisor Credit Exchange and HealthPilot Technologies.

Wise is the CEO and chairman of Communify Fincentric, formed this week through the Stellex Capital Management-funded merger of his data startup, Communify, with S&P Global data management subsidiary Fincentric.

Moody’s wrote that as brokerage firms raise the interest rates they pay on client cash in response to heightened legal and regulatory risk, private equity-owned firms with significant debt leverage may feel pressure on their profits.

The latest complaint, filed by California resident Hieu Vu, comes amid rising scrutiny of broker-dealer and wirehouse cash management policies among both investors and regulators.

Goldman & Knell CPAs has joined rival Hollywood business manager Gelfand, Rennert & Feldman.

‘At best Plaintiff expressed generic grievances about her pay and her job title,' a Monday court order states.

Benchmark Wealth Management in Old Lyme, Conn., primarily serves high net worth retirees.

The acquisition of Levy Wealth Management Group brings private-equity backed WEG to $90.5bn in total client assets.