CEO Robert Moore proves he's not afraid to go toe-to-toe with LPL to recruit top advisers.
Two large independent broker-dealers are latest to retain commission structure. <b><i>(More: <a href="//www.investmentnews.com/article/20161030/FREE/161029902/broker-dealers-split-on-commissions-in-wake-of-dol-fiduciary-rule"" target=""_blank"" rel="noopener noreferrer">B-Ds split on commissions in wake of DOL rule</a>)</i></b>
Investors Capital is in the process of closing down and moving its advisers to another Cetera firm.
The judge dismissed claims of fiduciary breach under ERISA, largely falling in line with judgments from similar cases.
Some indexed annuity distributors are poised to get a shot in the arm from the proposal, which would make it easier for independent agents to sell the annuities under the rule.
Jay Clayton, who specializes in securities transactions at law firm Sullivan & Cromwell, would likely serve as a "capital-raising facilitator dealmaker," according to a former senior enforcement counsel in the SEC Miami office.
Companies affiliated with Wells Fargo & Co. received the largest of the penalties assessed by the regulator, which has been pursuing a broader crackdown for cybersecurity failures.
The regulator cited a broad breakdown with the firm's failures to supervise client and adviser information.
New T shares would feature a uniform 2.5% front-end load and a 0.25% trailing 12-b(1) fee.
Copycat lawsuits targeting 403(b) plans, as well as litigation probing a fiduciary's duty to monitor investments, the DOL fiduciary rule, church retirement plans and cybersecurity issues are likely to crop up this year.
Mr. Casady will continue to work with Vestigo Ventures, a venture capital firm based in Cambridge, Mass.
But there are easier ways to give to charity that still afford donors a lot of control.
Amy Webber will become the firm's new chief executive, while Mr. Schwartz takes on the role of executive chairman.
Ms. Yang would be the second consecutive former federal prosecutor to lead the regulator, and, like current chairwoman Mary Jo White, would likely focus more on enforcement than policy making.
Financial advisers are feeling heightened pressure from regulators and clients, Natixis finds.
Implementing a financial wellness program without any means of measuring its success is a failure, according to advisers and analysts.
In fiscal year 2016, the $905 billion spent on Social Security benefits accounted for nearly one-quarter of federal spending.
The team had $288 million in client assets and generated $1.7 million in fees and commissions annually.
