Rajesh Markan earlier this year pleaded guilty to one count of criminal fraud related to his sale of fake investments to 10 clients totaling $2.9 million.

From building trust to steering through emotions and responding to client challenges, new advisors need human skills to shape the future of the advice industry.

After beating its growth deadlines, the employee-owned firm is advancing its PE-free strategy with a streamlined executive structure and newly developed roles.

As more workers are pushed to return to their offices, wealth managers are increasingly being asked to value the benefits of remote work.

The Baltimore-based asset manager is cutting numerous positions across departments as it maps out how to return to organic growth.

The transaction will see SEI effectively own 57.5% of Stratos’ operating businesses as previous backer Emigrant Partners exits its position.

The RIA custody giant logged a 23% yearly increase in trading revenue, totaling nearly $1 billion for the quarter, as the April selloff and subsequent rebound saw an investing frenzy.

“The outcome is correct, but it’s disappointing that FINRA had ample opportunity to investigate the merits of clients’ allegations in these claims, including the testimony in the three investor arbitrations with hearings,” Jeff Erez, a plaintiff’s attorney representing a large portion of the Stifel clients, said.

Charles Schwab’s 2025 RIA Benchmarking Study shows 97% client retention over a decade, but the industry may face a talent bottleneck with 70,000 new hires needed in five years to match growth.

Treasuries advanced, with the 10-year yield down one basis point.