Austin Dutton last week lost an industry arbitration claim of $43,645 to a client related to sales of GWG bonds.
Fidelity's alts platform, which launched in 2013, has seen assets grow by 70% since 2020.
In a Q&A, the Advisor Group CEO discusses what's involved in squeezing the giant operation under one broker-dealer roof and brand.
The approval allows Prometheum Ember Capital to safekeep digital asset securities on behalf of individual and institutional clients as a qualified custodian.
The new generation of nontraded REITs has been designed with monthly or quarterly repurchase limits to align the interests of stockholders with the less liquid nature of the assets.
Nontraded real estate investment trusts reported $485 million of sales in April, the lowest level since August 2020, according to Stanger.
The dispute revolved around an account that was liquidated following the sharp market downturn at the beginning of the Covid pandemic.
"I call it B-D/IA arbitrage," Finra's Christopher Kelly said, describing his concern about advisors flouting the boundaries between charging clients fees and commissions.
'We do it in a way where they're virtually unreadable,' Eric Noll, CEO of Context Capital Partners, said of disclosures at the Finra annual meeting.
At least one critic of the newfangled REITs is not convinced they can weather the storm in commercial real estate.
Hedge funds with at least $1.5 billion in assets now have to report significant investment losses and withdrawals to the SEC within 72 hours.
Legislation recently approved by a House committee would deem the clients of investment advisors to be accredited investors.
Clients with IRAs at Equity Trust can now invest directly in alternative investments on Yieldstreet through a new platform called WealthBridge.
With cheerleaders on the left and critics on the right, the chair of the Securities and Exchange Commission stays focused on what matters.
For a lot of investors, moving beyond the classic allocation of 60% stocks and 40% bonds will mean a bigger allocation to alternatives and other active strategies.
The legislation would amend the definition of accredited investor to include people who have certain licenses, education or experience.
The investments may fit the times, but lack of choice and transparency, and liability fears help explain why some are dissatisfied with the offerings.
The integration provides advisors with proposal generation tools, analytical features, trading workflows and the ability to integrate data on structured investments into client reports.
According to Nationwide’s eighth annual Advisor Authority survey, four in 10 investors believe that the US is already in a financial crisis and three in 10 believe the U.S. is approaching one.
Fidelity research shows a trend toward de-risking and an increased focus on diversification in the portfolios advisors build for their clients.
