Arbitration panel pointed to customer letters as evidence the brokers had done nothing wrong.
Revenue tied to alternative investments such as nontraded REITs plunged 72% year-over-year.
Those who excel should be paid better, allowed to thrive and grow, in an aspirational, transparent way that will be admired by peers, competitors, shareholders and regulators.
Firm purchases Wheelhouse Analytics as tool to glean more insight into client portfolios and benchmark accounts against peers.
Millions of investors unprepared for retirement but no one seems to have an answer.
Providers such as MassMutual and Mercer have recently unveiled new services, part of a trend seeking to capitalize on disruption caused by the DOL fiduciary rule.
The industry may have held on to many distorted fee structures that might have been better suited for the 1980s.
Unpaid awards is an issue that has been smoldering since at least 2000.
Join the conversation with IN's senior Washington reporter, Mark Schoeff Jr., and your adviser peers on Twitter during the presidential debate at 9 p.m. ET Sunday using <b>#INDebate16</b>. <b><i>(More: <a href="http://www.investmentnews.com/article/20160925/FREE/160929970/hillary-clinton-vs-donald-trump-who-are-you-voting-against" target="_blank">Advisers sound off about who, Hillary Clinton or Donald Trump, they are voting </i>against<i></a>)</b></i>
Move could pressure other wirehouses to follow suit and lead to adviser attrition. <b>Plus, <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">Find answers to all of the most frequently asked questions on DOL fiduciary rule</a>.</b>
Picking tools that perform well individually and enhance the client experience are critical; the next step throughout the industry will need to be better integration.
The bottom line is that every email should be viewed with suspicion.
The biggest threat to the financial advisory industry might be underestimating the risks posed by a hacker or computer virus, technology security experts say.
Encryption is one of the best bets for securing clients' sensitive information
Current CEO John Thiel (right) will step down on Jan. 1. <b><i>(Related read: <a href="http://www.investmentnews.com/article/20150408/FREE/150409924/merrill-lynchs-john-thiel-urges-colleagues-to-work-with-dol-on" target="_blank">Merrill Lynch's John Thiel urges colleagues to work with DOL on fiduciary rule</a>)</b></i>
IMS Securities, a shop with around 110 brokers, didn't have adequate supervisory procedures in place to ensure brokers weren't abusing annuity exchanges.
Reduced lifetime income will force many to spend bulk of benefits on health care.
New CEO likely to get an earful as he embarks on a 'listening tour.'
The wirehouse is the first major firm to announce concrete plans for compliance with the Labor Department regulation.
Southeastern firms likely will get to test those enhanced continuity plans the SEC is pushing.
