The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
The purchase of Virginia-based Ascent Group keeps Alera on track to meet its goal of reaching $10 billion in AUM this year.
State legislation requires state entities to divest from firms on the list, with certain exceptions.
While more investors saw their financial condition deteriorate in 2022, their advisors are turning last year’s troubles into a teachable moment.
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
His 10 calls for this year suggest a smoother ride for the markets that could depend on more action from Washington.
Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.
Pasadena, California-based Stonnington Group has 275 clients and is led by Nick Stonnington.
Dallas-based Matt Irwin has 24 years of experience, all with Amerprise and a predecessor firm.
It isn't just a matter of identifying clients who are interested, but of removing whatever obstacle is keeping them from investing.
Trading in the funds had ceased following Russia's invasion of neighboring Ukraine in February.
The allocation that's supposed to hedge against both assets dropping simultaneously didn't pan out in 2022, with an index tracking a 60/40 mix down about 17% for the year.
The record haul for the six big banks occurred as volatility juiced trading hauls, investment bankers rode a dealmaking boom and Donald Trump boosted bottom lines by slashing taxes.
When aggregator Wentworth Management Services goes public by merging with a SPAC, Kingswood, sometime in the next few months, industry veteran Roth will serve as chairman.
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
Take a look at what was on InvestmentNews readers’ minds over the past 12 months.
On first glance at the comprehensive legislation, increasing the RMD age and boosting catch-up contributions are popular.
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
