The platform enables connection without intermediaries, creates distribution partner opportunity.
Ruling could upend SEC’s 'Orwellian and terrifying' powers, amicus brief argues.
Settlements and new cases continue as law firms claim asset managers did wrong by using their own products.
Opponents say the DOL’s proposed rule overrides Reg BI by imposing fiduciary duty on brokers working with retirement savers. Backers say the measure fills in Reg BI’s gaps in investor protection.
A former state employee is challenging a state law that targets financial firms, including BlackRock and JPMorgan Chase, for their climate change policies.
With interest rates rising, it's more challenging to make the case for clients having a mortgage or other collateralized loan.
A recent survey shows clients were more likely to talk to their advisors about 'responsible investing' than 'ESG investing.'
'It's supervision by Zoom,' PIABA says, while Finra says the new rules reflect hybrid work arrangements while protecting investors.
On the surface, there isn't much difference, but results people get from planning services can vary wildly.
'Ironically, I think the redemption issue is the best thing ever happen to nontraded REIT space,' says Kevin Gannon of Stanger.
The executive plans to continue working as he begins to receive treatment.
While it may seem ‘safer’ to stay put, there are risks that many advisors are unaware of.
But Fidelity research also reveals encouraging long-term savings behaviors.
The Wall Street firm is working on an overhaul of its wealth business structure.
Regulator alleges that the firm used customer cash to pay expenses.
'The strategy involved frequent in-and-out trades that placed the broker’s interest in generating commissions and fees ahead of the customers’ interest in making a profit,' the SEC order states.
'There seems to be a little more detail in the Finra rule about the guardrails on the use of the projections,' a compliance lawyer says.
As federal student loan payments resume, parts of the SECURE 2.0 Act will soon make it easier to save for college or contribute to a 401(k).
Thousands could be affected as bank slashes positions.
Finn was previously an executive at McKinsey & Co., as were co-president Andy Saperstein and CEO James Gorman.
