AdvisorHub

Wells Claws Back $780K From Ex-Broker in San Francisco A former Wells Fargo broker in San Francisco was ordered to repay the firm more than $778,000 over unpaid recruiting loans, according to a Financial Industry Regulatory Authority arbitration award on Tuesday. Mathew Tong, who is no longer registered as a broker or investment advisor, voluntarily resigned from Wells in January 2025, after four months on the job, according to registration records.

Indivisible Adds $800M California RIA Through Succession Deal by Ali Hibbs (L-R) Debbie Fields, Grant Blindbury, Jeremy Fields and Danny Mock. Indivisible Partners, an RIA launched in early 2025 by a group of former Merrill Lynch executives, added a California firm managing $800 million in assets, according to an announcement on Wednesday. Westlake Village-based FMB Wealth Management’s advisors joined Indivisible in May, according to registration records.

A US exchange-traded fund that holds only Treasury bills is on the cusp of reaching the $100 billion mark — more than double the size of its closest competitor — as investors flock to products offering exposure to rising US interest rates. BlackRock Inc.’s iShares 0-3 Month Treasury Bond ETF has attracted almost $30 billion this year, more than any other bond ETF, boosting its assets to $99 billion, according to data compiled by Bloomberg.

Summer is a natural time to pause and enjoy friends and family, hopefully at a slower pace than other times during the year. It can also be a great time to make meaningful financial adjustments before fall routines, year-end deadlines and holiday spending take priority. A midyear reset is not about starting over. Instead, it is about taking a little time to notice what is working and what deserves more attention to keep your financial goals on track.

Raymond James Snags $5.5B Comerica Team in California (L to R) Cory Matsumoto, Genae Affrunti and Rey Carandang, who moved from Comerica to Raymond James in Newport Beach, California. A team managing $5.5 billion at Comerica Inc. jumped to Raymond James Financial’s employee channel in Newport Beach, California, according to a source close to the move. The Capital Reserve Group, which the source said produced $6 million in annual revenue, moved on July 6. The team is led by Cory J. Matsumoto, Genae A.

Market Brief: Record Deficits Raise New Risks for the Bond Market by AdvisorHub Digital Record Deficits Raise New Risks for the Bond Market The U.S. Treasury is issuing record amounts of debt at a time when global bond investors are becoming less tolerant of governments running persistent deficits, The Wall Street Journal reported.

Winter Park, FL — Republic Capital Group (“RCG”) announced the opening of its new Winter Park office, strengthening the firm’s national footprint and expanding its capital markets capabilities. The office will be led by Larry Goff, Partner and Managing Director, a 40+ year industry veteran with a track record of raising more than $10 billion in capital through retail distribution channels.

Dealmaking among registered investment advisory firms reached a record pace in the first half of 2026, but the industry’s most acquisitive buyers increasingly believe that the decade-long run-up in valuations has come to an end. RIA investment bank DeVoe & Company tracked 167 transactions in the first six months of the year, up 13% from 148 in the same period last year.

LPL Financial: Midyear Outlook 2026 | Policy, Buildouts, & Bottlenecks by LPL Financial LPL Financial’s Research team shares insights and key takeaways from their Midyear Outlook 2026: Policy, Buildouts, & Bottlenecks. The Midyear Outlook report recaps the economy and markets to date and provides in-depth analysis and commentary plus go-forward insights on what the rest of the year may hold.

LPL Adds $725M JPMorgan Broker As Bank Seeks TRO by Miriam Rozen LPL Financial has recruited a bank-based advisor who managed $725 million at JPMorgan Chase & Co., according to an announcement on Thursday, one day after the bank sued the advisor over allegations that he improperly solicited customers. Alan C. Feutz, who is based in Deerfield, Illinois, joined Genesis Wealth, a practice affiliated with LPL, on June 18, according to his BrokerCheck and LPL’s announcement.