Osaic and three subsidiaries were sued today in federal court by investors who alleged the firms breached their fiduciary duties by profiting from their cash sweep accounts at their clients’ expense.

The hybrid RIA is the latest firm to face allegations that it enriched itself at customers' expense by paying unfairly low interest rates in its cash sweep programs.

Both brokerage firms moved a customer’s uninvested cash from a brokerage account into an interest-bearing account, violating ...

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According to the complaint filed in Arizona federal court, the firm’s cash sweep practices “violate common law, federal law and industry regulations.” ...

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The can-do work ethic of the firm's northeast divisional president took him across the country multiple times — and to the ...

Both Moore and Whitley bring decades of experience and leadership in their respective fields and will play vital roles in ...

Wurm and Frye joined the financial services industry in 1997, registering with IDS Life Insurance Co., and together moved through several firms, including Prudential Securities, LPL Financial and ...

Following similar moves by other large firms, Raymond James says quarterly advisor counts aren’t the most meaningful measure ...

With over two decades of experience in financial planning and investment management, Whitley has held leadership roles with Wells Fargo Advisors and Merrill Lynch. His extensive background in ...

Brokerage firms may seek to sweep cash into affiliated banks, often paying low interest rates. According to some reports, brokers could make 10 times more than their customers do on their cash.