Novos Planning Associates moves under the Mercer umbrella as the 22nd branch office
CEO says he got the idea by talking to firms during a "listening tour" shortly after taking over the reins of the securities industry regulator.
Connecticut adviser John W. Rafal obtained a new client with accounts in excess of $100 million, and agreed to pay the referring attorney $50,000 annually from the advisory fees paid, according to the SEC.
The regulator makes it a top priority for 2017, establishing an exam unit to ferret out rogue brokers and scrutinizing how firms supervise them.
Ash Narayan settles case alleging he accepted $2 million from failing company he recommended to clients
Unlimited investment changes among the enhancements lawmakers seeking in new measure
DOL says it promoted tools it found useful, including a link for finding local CFPs, but is open to hearing from other designation sponsors.
The rules, which include having written policies and procedures and a designated chief information security officer, could become a model for other states.
Clients want us to spend less time talking about money and more time discussing their lives.
Advisers can continue to offset a level fee charged on retirement-plan assets with revenue-sharing payments such as 12b-1 fees.
Says wirehouse overbilled investment advisory clients due to coding and other billing system errors.
Move is among a series of changes the firm is making as it gets ready for deadline on implementing DOL fiduciary rule.
That rule is intended to safeguard clients' cash and securities so they can be promptly returned should the broker-dealer fail.
Many advisers think E&O is enough, but these policies target the wayward web.
The elephant in the room is the Labor Department's fiduciary rule, but other areas include broad health care and tax reform.
From filling the SEC to renewing bills addressing accredited investor status and elder financial abuse, legislators shouldn't forget past priorities.
Advisers produced average annualized revenue of $1 million in the period.
Communicating the right way can help solve under-performance problems caused by both performance downgrades and cost increases.
Agency provides a litany of questions for consumers as well as FAQs on technical compliance for advisers. <i><b>(More: <a href=""" target=""_blank"" rel="noopener noreferrer">Want to see additional questions? Check out InvestmentNews' list</a>)</i></b>
