Last month, the California financier agreed to a $10.2 million penalty related to his alleged role in a scheme to steal money meant to be invested in Native American tribal bonds.
The four advisors operate as Momentum Wealth Partners in Akron, Ohio.
The American Securities Association had filed suit alleging that a DOL document improperly claimed that a one-time recommendation to transfer assets from a company plan to an IRA triggered fiduciary duty.
AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.
Albuquerque-based Legacy Financial Group was founded in 1995 by Cris Giron and Eddie Fernandez.
Fewer retirement plan participants took hardship withdrawals to meet their immediate financial needs, according to the report.
Finra's action against Long Island Financial Group is yet another indication of its dissatisfaction with the industry's implementation of Reg BI.
The firm would be one of several companies providing sustainable target-date funds in the US.
Plus a couple of fintech fundraising announcements and another alternatives platform hits the market.
Investors will be able to see whether a brokerage has been flagged for having a history of misconduct or employing a number of reps with disciplinary violations.
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
The target-date funds will invest in actively managed sustainable and ESG-focused exchange-traded funds managed by Putnam.
Prior to the expansion of state pension systems in the 20th century, it was only the rich who could reasonably expect comfortable leisure time at the end of their lives.
As firms increase in size, client referrals represent a declining percentage of new assets, while marketing accounts for a greater percentage.
We don't know how Reg BI or the CFP credential's fiduciary standard work in practice because there has been no substantial punishment for violating them.
Giant financial services companies are starting 2023 with more moves to control and own the assets of financial advisors, rather than servicing them for a modest fee.
Passing down season tickets from generation to generation can get hairy. It’s often worthwhile to bring in an estate planner or attorney to make sure it’s a clean handoff.
A House subcommittee considers GOP measures that would amend accredited-investor rules. The ranking Democrat said 'fiduciary' advisors could help retail investors become sophisticated vicariously.
The SEC said brokers in the firm's Lexington, South Carolina, branch office recommended variable interest rate structured products to dozens of retail customers for whom they weren't suitable.
When Walsh will officially step down has not yet been announced but Deputy Secretary Julie Su is expected to become acting head of the agency.
