The need - and the case - for developing and introducing new talent into the financial advice business has been well-documented: The total number of practicing FAs has been steadily decreasing for years, at a time when more individual investors are in need of advice. Practicing FAs, of course, are also getting older each year, creating a greater need for internal successors in many cases.
Enticing individual investors to trade on their own is a dangerous game, especially in this complex and convoluted marketplace.
Advisers not thrilled by short deadline on variable annuity pullback
More brokers picking stocks for clients -- but are they up to speed?
Ever since the Dodd-Frank financial reform law was enacted, Capitol Hill Republicans and the financial industry have insisted that the Securities and Exchange Commission and other regulators carefully measure for the potential impact of new rules on the markets. Industry was not alone in traveling the cost-benefit-analysis highway this week. Fiduciary advocates demonstrated that it is a two-way street.
The SEC is actively reviewing advisers' ADV forms. What's the commission looking for? Tarted up claims, including inflated education or professional credentials.
Public trustee bemoans break with historic self-financed structure
Clients claimed rep told them to put their IRA into life settlements
Transition from SEC rule doesn't require outside help, just effort; fiddling with AUM
Albridge survey shows most brokerages fork out 10% of revenue on oversight
Best of the lot focus on tradeoff strategies to meet income goals; wildly different answers a worry, however
Strategies from investment firms BlackRock Financial Management Inc., DoubleLine Capital LP, F-Squared Investments Inc., and Forward Management LLC were added to the mix, as well as four other strategies from firms already on the Genworth platform.
The Swiss bank announces plans to cut up to 10,000 additional employees over the next two years.
The SEC says it is targeting senior management in its reviews of brokerages and advisory firms.
Democrats and Republicans are headed for a big blowup over taxes — and the treatment of capital gains could be what sets them off.
