Markets are significantly different than they were 10 years ago. Are Technology and safeguards keeping pace?
We think advisers deserve better than the perpetual runaround.
His proposal to allow more Americans to invest in private placements is fraught with risk, mostly to retirees who fall prey to brokers motivated to sell these deals by high commissions.
The wirehouse said its advisory platform will be the go-to regardless of what happens with DOL fiduciary rule, but a modification or repeal of the regulation could lead to more flexibility.
Firms that make strategic changes will not only slow attrition, but position themselves to attract top talent for less than they are paying now.
Length of marriage, years since divorce and age of ex-spouses affect claiming options.
The memo grants relief to firms for compliance violations that may occur as the April implementation date approaches.
SEC says firm didn't report to customers conflicts or income it received from clearing broker.
Firms that make strategic changes will not only slow attrition, but position themselves to attract top talent for less than they are paying now
Stocks aren't priced to deliver big long-term returns, but they might stay high for a while
The wirehouse offers a way for non-fiduciary brokers working with 401(k) plans to continue working with clients in the small-plan market
Andy Sieg, the head of Merrill Lynch Wealth Management, said the firm may back off its wholesale scrapping of commissions in advised retirement accounts.
Measure, passed by overwhelming House majority last year, gives brokers safe harbor for issuing reports.
Mark Schklar fined $10,000 for selling private securities without prior notice.
Sen. Elizabeth Warren says investors are being taken advantage of by brokerage firms, citing a study that determined the industry failed to pay $62 million in claims in 2013.
Finra suspended Adam C. Smith for one year and imposed a $10,000 fine for accepting gifts totaling $105,000.
Mr. Putnam was a key architect in the early days of the firm, overseeing its tremendous growth.
Small fund companies may have to pivot, by embracing a niche specialization or redirecting sales forces toward new distribution channels.
Broker-dealer groups endorse the change, saying it would put them on a level playing field with investment advisers.
