Secretary of the Commonwealth William Galvin, one of the most aggressive state regulators, has issued a subpoena, his spokesperson said.
He is being replaced at Merrill Lynch by Lindsay Hans and Eric Schimpf, who have been appointed presidents and co-heads of Merrill Wealth Management.
It's doubtful many advisors are doing the same due diligence into who produces conference apps and what safeguards are in place that they do with other pieces of their tech stack.
The investment manager said Retiree’s software will bolster its existing capabilities to create a more comprehensive suite of retirement income solutions.
The strategy is meant to help advisors more precisely tailor a portfolio to a client's unique circumstances.
GOP members of an appropriations subcommittee argue against the agency's request for an increase in its funding.
Internal lawyers attended plan committee meetings at 49% of companies in 2022, up from 11% in 2017, and external counsel attended meetings at 36%, up from 21%.
According to the latest report from Schwab Advisor Services, RIAs need to jump on the growth train in order to keep pace.
Schwab clients are moving funds from sweep accounts into money market funds at a rate of $20 billion a month, according to the Morgan Stanley report.
While stock and bond allocations hurt the performance of TDFs last year, fees declined and assets flowed to collective investment trusts, Morningstar found.
If financial advisors don't seek the firm's approval, they risk running afoul of securities regulators, Cetera said.
The legislation provides new credits and incentives that cover a significant portion of the cost of setting up a retirement plan, while also providing access to new 401(k) solutions.
Finra arbitrators ruled on the estate's claim that Morgan Stanley ignored rules laid out by a court for how funds in the estate were to be handled.
The addition of breakaway Ensign Wealth Partners, a $500 million RIA, pushes Steward's total custodial assets on the Pershing platform to more than $1 billion.
The deal for Equius, an RIA based in suburban San Francisco with $1.1 billion in client assets, expands Wealth Enhancement Group's footprint in Northern California.
Kemp Cunningham, with $125 million in assets, will operate as Emerald River Wealth Management in Granger.
The committee uncovered 'major violations' of the $2.6 billion plea deal Credit Suisse reached with the Justice Department in 2014, according to a report.
Ermotti, who previously served as UBS' CEO for nine years, is familiar with UBS and the Swiss financial landscape, qualities seen as critical for the integration.
April is Financial Literacy Month, a time to help local communities learn more about saving and investing.
Rohlik Financial, which is led by Brent Rohlik and Suzanne Holt, has offices in Minneapolis and Rockford, Illinois.
