Fraud Allegations Mounting Against Former Texas-Based FA. Brooklynn Chandler Willy, who in December was charged with defrauding a married couple out of $500,000, now faces allegations that she misappropriated a total of more than $2.6 million from four more victims.

Jan 21, 2025 · LPL to Pay $18M over AML Flubs. LPL Financial failed to close or restrict thousands of "high-risk" accounts, including cannabis-related and foreign accounts, that were prohibited by its anti-money-laundering policies, the SEC said.

Dec 30, 2024 · Wealth Managers on Hunt for Pro-Athlete Clients in Era of Record Wealth. Pro athletes have been a major source of growth for wealth management over the past decade as salaries have reached six and seven figures, according to CNBC.

Hannah Glover is a Group Managing Editor at Money-Media, overseeing several asset management and governance titles including Ignites, FundFire, BoardIQ, Agenda, Financial AdvisorIQ, Ignites Europe and Ignites Asia.She joined the FT Specialist unit as a reporter in 2007 and has worked as managing editor at Ignites and sister publication GatekeeperlQ.

Jan 23, 2025 · BofA, J.P. Morgan to Lobby Gov't After Trump Hurls Accusations of Bias. The two firms, accused by President Donald Trump last week of shunning conservatives, plan to lobby the White House and Congress for clearer regulation about …

1 day ago · Beware Outsourcing’s Security Risks, Finra Says. Financial services firms must establish procedures to ensure that their day-to-day operations and regulatory compliance are not interrupted in the event of a cybersecurity issue involving a third-party vendor, Finra says.

1 day ago · This story originally ran on Financial Advisor IQ sister publication FundFire. Citigroup's private banking global head, Ida Liu, will leave the bank at the end of the month, according to an announcement on her LinkedIn page, Bloomberg reports.. Citigroup is eliminating her role and will appoint four regional heads who will report directly to Andy Sieg, head of the bank's wealth business.

Jan 8, 2025 · This is the fourth article of Financial Advisor IQ's five-part special report on the outlook for alternative investments in 2025. Technology improvements have opened the door for financial advisors to direct more of their clients' assets into alternative investments. Platforms such as iCapital and ...

Dec 26, 2024 · Financial Advisor IQ today is looking back at the headlines that grabbed the most attention in 2024. This issue is a collection of the biggest news stories as measured by clicks and reader engagement this year.

3 days ago · Advisor adoption of alternatives is easily strongest among wirehouse advisors, ISS Market Intelligence says it found in a recent survey. January 27, 2025 Wirehouse advisors are well ahead of their counterparts at broker-dealers and registered investment advisory firms in tapping alternative ...