To tuck, or not to tuck? That is the RIA question
The pros and cons of building your own firm or joining an existing one.
Wealth firms must prepare for demise of non-competes, despite legal challenges to FTC rule
A growing sentiment against restricting employee moves could affect non-solicitation, too.
Industry holds breath on DOL’s final fiduciary rule
Following debate from advisors and retirement plan stakeholders, the Department of Labor is set to unveil its final decision on the rule.
Finra caught up in email phishing scheme
A new cybersecurity alert warns member firms to be wary of fraudulent messages impersonating key members of the regulator’s leadership.
Texting employees land RIA with $6.5M SEC fine
Multiple incidents of using personal text communications were discovered.
Washington advisor claims victories in Hightower noncompete saga
The legal skirmish has taken several turns, including a temporary restraining order and a decision kicking the case back to the state level.
SEC hammers Commonwealth with $93M in penalties over revenue sharing
The penalty represents about one or two years of net income for the firm.
Mariner Wealth linked to American Century’s rigged hiring scheme
The companies 'explicitly agreed not to hire or recruit each other’s asset and wealth management professionals,' according to a lawsuit.
DOL’s rule would add a lot of fiduciaries into the mix
But even those who already work in a fiduciary capacity will be affected, one lawyer says.
Next DOL fiduciary proposal under attack prior to release
Even before seeing the text, the insurance industry says the measure to raise advice standard for retirement accounts will hurt middle- and low-income savers.
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