Jacqueline Sergeant

2 weeks ago | fa-mag.com | Tracey Longo |Jacqueline Sergeant

LPL Financial, Edward Jones, RBC, Stifel and TD Ameritrade were fined more than $9 million and have agreed to repay customers as part of a sweeping multi-state regulatory settlement in which the major broker-dealers were accused of charging “unreasonably high commissions.” The firms were found to have charged customers about $19 million on about 1.12 million equity transactions over a five-year period.

3 weeks ago | fa-mag.com | Jacqueline Sergeant

CAPTRUST Financial Advisors has tapped Mike Wunderli, an industry M&A veteran, to lead the firm's strategic inorganic growth initiatives. Wunderi joins CAPTRUST from Echelon Partners, an investment bank focused on M&A deals in the wealth and asset management space, where he served as a managing director since 2016. He replaces Rush Benton, who left CAPTRUST last April after 11 years with the firm to launch an investment banking firm.

1 month ago | fa-mag.com | Jacqueline Sergeant

A former California advisor has been sentenced to more than 10 years in federal prison for  bilking her elderly clients, some of whom were receiving end-of-life care, out of $2.25 million. Julie Anne Darrah, 52, of Santa Maria, was sentenced to 121 months by U.S. District Judge Otis D. Wright II, who is expected to schedule a restitution hearing at a later date, according to a news release from the U.S. Attorney's Office for the Central District of California.

1 month ago | fa-mag.com | Jacqueline Sergeant

UBS has unveiled research aimed at preparing women who inherit substantial sums of money to better navigate a smooth wealth transfer. The study, called “Heir Dynamics: Money in Motion,” is the latest segment in the firm’s series of Own Your Worth reports that began in 2017, and it examines the impending great wealth transfer and its impact on women.

1 month ago | fa-mag.com | Jacqueline Sergeant

A former advisor in Virginia who scammed investors out of more than $4 million was sentenced yesterday to three years in prison, according to the U.S. Attorney's Office, Eastern District of Virginia. Andrew Corbman, 53, of Ashburn, Va., also was ordered to pay $4.15 million in restitution. Corbman waived indictment and pleaded guilty in December 2024 to a single count criminal information, charging him with mail fraud, according to the plea agreement.