A new survey by Public, a next gen-focused investing app, researched the behaviors and motives of millennial and Gen Z investors. The majority of respondents started investing in the past three years.
The agency alleges that Michael Shillin lied to clients, many of them elderly, about the value of their investments.
The insurance broker is buying Freedom Partners, which provides back-office services for financial advisory firms.
Cardinal Point Wealth Management targets Canadian snowbirds, but found a rich market of clients needing cross-border advice.
MoneyLion, fintech founded in 2013, joins the ranks of other recently public fintechs like SoFi, Robinhood and Square’s Cash App.
A new study by the Institute for the Fiduciary Standard asserts the document blurs the line between advisers and brokers.
The measures would require everyone in the country to receive a portable account at the time they are given a Social Security number.
The SEC has been cracking down on disclosures surrounding payments by funds to broker-dealers and RIAs. The agency launched an initiative in February 2018 to target advisory firms that recommended high-fee mutual funds.
A group of three reps in Lincoln, Nebraska, makes the move.
The platform offers a streamlined financial aid application process as well as online courses. The bank said the acquisition will help it build relationships with college students.
The central bank could start scaling back its asset purchases in November, the Fed chairman said, after policy makers revealed a growing inclination to raise interest rates next year.
Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.
RPAs with strong wealth management businesses and leadership will command a premium price, among other factors.
With the number of small accounts likely to rise as more states adopt auto-IRA programs, the U.S. could benefit from single-account systems, automatic portability and other reforms, Brookings found.
Wells Fargo Advisors could fetch more than $20 billion in this high-demand market for wealth management firms.
Required minimum distributions are becoming the de facto default distribution choice for retirees, TIAA data show.
Wealth Advisory Services, a hybrid in Doylestown, Pennsylvania, had been affiliated with Raymond James for five years.
The offering aimed at companies with 100 or fewer employees includes a financial wellness component.
The new firm in Greenwood Village, Colorado, is called Nilsine Partners, which is a reference to the state motto.
Maryland Securities Commissioner Melanie Senter Lubin said brokers should be able to clear their records only in very limited circumstances.
