The number of of the regulator's disciplinary actions held steady, according to an Eversheds Sutherland analysis.
The four-person, two-adviser unit will partner with an existing group at UBS Private Wealth Management in Kenwood, Ohio.
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
With pressures on Robinhood, eToro’s large user base and scale places the U.K.-based challenger front and center to disrupt the U.S. market.
Lee said there may be a disconnect between passive index funds' proxy voting and their investors’ ESG inclinations.
The program would apply to businesses with as few as five employees, requiring companies to participate and automatically enroll workers, unless they already provide retirement plans.
Selling away charges are at the center of three large customer complaints against ex-broker John Krohn. In 2018, Finra reached a settlement with Krohn in which he was suspended from the industry for three months and paid a fine of $10,000.
At least four firms have live applications for exchange-traded funds tracking Bitcoin, but how the SEC will deal with the filings is a mystery.
Of the roughly 70 million U.S. households with primary breadwinners younger than 55, 11.5 million are planning to retire by that age, according to a report from Hearts & Wallets.
Advisers should focus on reducing client attrition and adding more new clients, and make certain they're charging a fee in line with the market.
The insurance company's chief growth officer succeeds Walter White, who will retire at year-end.
The more fee-based business you do, the more imperative it is to focus on current clients and your ability to hold onto them.
Acting SEC Chair Allison Herren Lee suggested the agency should consider new policies and procedures regarding ESG for investment advisers. The agency is evaluating how a disclosure framework can be flexible enough to keep up with the latest market and scientific developments.
The GAO concluded that plan sponsors, record keepers and others have little to go on as far as guidelines from the Department of Labor and that it isn’t clear whether fiduciaries have the responsibility to minimize cybersecurity risks.
Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
The firm is cautiously increasing hiring at the moment, essentially new advisers, but at a lower rate than in the past. Training financial advisers takes time and is also expensive, with a high percentage of trainees typically not making the cut.
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
During this time of consolidation in the asset management industry, and activity in fintech, the adoption of digital strategies and tools by both will better enhance their chances of survival, or continued success.
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
