Despite initial resistance, a few independent-broker-dealer firms have begun to allow their financial advisers to serve as fiduciaries, following pressure from the advisers themselves.
Chief executive Eric Schwartz is handing the title of president to chief operations officer Amy Webber.
The firm, with $100 million in assets under management, focuses on introducing exchange traded funds.
It aims to streamline the process of obtaining fund prospectus information while expanding its Mutual Fund Profile Service.
The SEC has voted to give some non-discretionary advisory accounts limited relief from principal trading restrictions.
NAPFA has teamed up with the Hueler to launch a platform that allows fee-only planners to purchase institutionally priced annuities for their clients.
FRM, a London-based global hedge fund manager, will transition its assets to JPMorgan Hedge Fund Services.
Goldman's Global Alpha managers sent a letter to investors saying they would keep the fund open.
The registered investment adviser will pay $32.5 million to settle market-timing charges with the SEC.
It’s the latest chapter in whether insurers can sue participants in a municipal bond transactions for securities fraud.
