Latest increase could mean some clients see a net deficit, advisor warns.
Avery will track firmwide compliance protocols for RIAs, broker-dealers and banks.
'If you’re an investment advisor and you’re not putting your clients in the lowest-cost share class, then you’re running the risk of a fiduciary failure,' an expert says.
'Kudos to those guys for getting the deal done ... but it's jaw-dropping that's what they're getting paid,' one industry executive says.
Savers are feeling deflated in face of challenges like inflation, monthly bills and paying for unexpected expenses.
The Fresno, California-based pair of advisors make the 50th team to join LPL’s Linsco channel.
Financial advisors labor against an industrywide reputation that’s as poor as that of the legal profession, which means that far too many people who could use our help don't trust us.
Incumbent resigns after 18 months and the search is on for a successor.
'If Finra doesn’t have the ability to enforce its own rules and discipline its members, then chaos will reign,' says PIABA President Hugh Berkson.
The TDF series will be renamed PGIM Target Date Funds, and some underlying investments will be changed.
Most companies don't offer pensions, and many that once did are transferring the liabilities to insurance companies.
This month’s highlights include Altruist’s elimination of its monthly fee, Holistiplan’s investment from Lead Edge Capital, and FMG Suite’s acquisition of MyRepChat.
"It’s frustrating to see Finra charging brokers after the nail is in the coffin of [clients'] portfolios," one attorney says.
The four advisors are launching Sides Wealth Advisory Group in York, Pennsylvania.
Plaintiffs alleged the company ran afoul of the Employee Retirement Income Security Act by putting its own funds on the plan menu.
Some trade associations want the SEC to withdraw the measure. 'There is nothing for the chairman to do other than throw it in the garbage,' says the head of the American Securities Association.
European banks are facing new reporting requirements starting in 2024.
'That is about as cataclysmic an outcome as a claimant can have in a Finra arbitration,' says an attorney not involved in the case.
But those who showed objective knowledge paid less, research shows.
Matt Burton will join the firm’s Indianapolis office.
