Over the years, some have become convinced Reg BI is a significant step up from brokers’ previous suitability standard. Others remain skeptical that it’s tough enough to curb broker conflicts.
It’s not clear when the agency will announce its first major enforcement actions regarding recommendations brokers make to customers, the substantive heart of the regulation.
After 35 years in the industry, Hays is retiring. He'll be replaced by Sol Gindi, who will also head the Wealth & Investment Management client relationship group.
InvestmentNews spoke with Weyrauch about his role at Citizens and the firm’s vision for growing its financial advisory business.
The insurance company is now offering its own line of rainy day funds for employees.
Ian Delahunty bought a leveraged exchange-traded note and owned it for 199 days rather than the day or two it was meant to be held.
A pair of studies proves that millennials are better prepared financially than people realize.
Steven F. Muntin, 57, had his own independent RIA, Executive Asset Management Inc., which had $26 million in client assets, according to the SEC.
Crypto assets have not provided audits and other standard modes of verification, which disqualifies them as prudent investments.
Clients of Fidelity Institutional will get a discount on the cost of DACFP's Blockchain and Digital Assets certificate program.
Hybrid work can support growth and stronger client relationships if firms intentionally pursue those outcomes.
Brokerage and fund trade associations caution against limiting the market for retail customers. Consumer group and state regulators say more oversight is needed to protect investors.
'We’ve absolutely slowed down the pace of the acquisitions,' the CEO said Thursday morning on CI Financial's first-quarter earnings call.
The firm’s Corporate Registered Investment Advisor model provides support and resources for independent adviser representatives who are exclusively fee-based.
Emigrant's investment will support the next phase of growth for Koda Capital; the stake represents Emigrant's first direct partnership outside the US.
Plan advisers will be able to use Envestnet's retirement plan tools on the Kestra platform.
Fidelity wants to make it easier to allocate 401(k) assets into Bitcoin, while the Department of Labor is warning plan fiduciaries to be extremely careful about using crypto.
SEC Chairman Gary Gensler warns that the products “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways."
New clients are both the key to growth and to insulating a firm's revenues against a declining market.
Refinanced student loans could offer investors an alternative source of income and get delinquent loans off the books.
