The Securities and Exchange Commission chairman raised questions about the effect that behavioral prompts — like encouraging clients to trade more often or using algorithms to steer them into high-risk, high-fee products — might have on investing outcomes.
Pensionmark, an RIA and retirement consultant that supports more than $80 billion in assets, is headquartered in Santa Barbara, California.
Scott Allen Fries, a former Transamerica rep and adviser, took at least $458,000 from at least 10 individuals.
The DOL has clarified its earlier advice on this topic, stressing the responsibility of fiduciaries whose plans offer private equity investments.
Finra didn't provide details about the rules, which will be made public when they're submitted to the Securities and Exchange Commission.
Global Shares, which will be integrated into the bank's asset and wealth management arm, has almost $200 billion in assets under administration and roughly 600 corporate clients.
The digital alternative investment provider Yieldstreet launched a new art equity fund with exposure to contemporary international artists like Banksy and Takashi Murakami.
John Alexander is the second senior manager with two decades at the firm to leave Wells Fargo Advisors in recent months.
Houston-based advisers Brandon Glasscock and Mandy Haskell are joining the firm’s independent adviser channel.
A new report shows that even a brief period of inflationary pressures will have long-term impact on expenses.
Vanguard was forced to sell as much as 15% of the assets in retail target-date funds, resulting in substantial capital gains taxes for investors who held the funds in taxable accounts, the lawsuit asserts.
The company is investing in its technology infrastructure — including digital initiatives and virtual tools — to improve the relationships between clients and their financial advisers.
A new report from Celent shines light on the trend of traditional retailers like Walmart migrating into the wealth management space.
Lee will stay at the watchdog until President Joe Biden names her successor and that person is confirmed by the Senate.
The regulator said that firms should stress-test trading positions in light of 'current events and potential market movements.'
Lance Murphy, who's based in Houston, has 26 years of experience, much of it with asset management companies.
Charlie Scharf earned $24.5 million last year, up from $20.3 million for 2020.
The RIA channel saw a net gain of 1,530 financial advisers in 2021, while the wirehouses had a net loss of 2,065.
When the equity markets decline, as they have this year, they take the value of your firm down with them.
The vast majority of advisers reported having problems finding enough time to focus on business development and client relationships, according to a new study.
