Three independent broker-dealers formerly operating under AIG's umbrella have been fined $7.5 million and ordered to pay restitution of $2 million to clients.
Insurance-owned firms and small broker-dealers most likely to throw in the towel.
Witnesses for and against the Labor Department's fiduciary proposal, including SIFMA's Ken Bentsen Jr., square off over the rule requiring brokers to act in clients' best interests.
Wiser Financial Group joins broker-dealer formerly known as NFP Advisor Services.
Firm responds in suit saying CEO and counsel warned co-founder
<i>InvestmentNews</i> survey finds all corners of the advice business are expecting to face challenges, but stark differences about the degree of pain are evident among the channels.
The Labor Department will unveil a final version of the so-called fiduciary rule next Wednesday, according to a published report.
All advisers, even those who only charge fees, will be held to the standard when making recommendations to retirement plans, individual participants and IRA holders. Here's how.
In his new role, Mr. Robbins will be working with his long-time financial adviser Ajay Gupta.
Firm said it moved quickly to retain brokers after acquisition was announced.
Edward Beyn profited by excessively trading accounts of customers who were over the age of 60, the regulator alleges.
Getting a foothold in the industry can be tough for young advisers, and that's why so many are dropping out of the industry early.
The broker-dealer first announced a robo initiative last summer, but has held off until now, as they've teamed with BlackRock's FutureAdvisor on a new adviser-facing robo.
Advisers have a vital role in helping long-term care insurance holders decide whether the policies are worth the cost.
Professional financial advisers weigh in on the best ways to use refunds appropriately.
The online bank is expanding to include investment services through the brokerage company.
Prominent Wall Street critic says four firms may be violating securities laws by sending misleading signals to investors about the rule's impact on business.
The partnership will help plan sponsors and advisers manage conflicts of interest, costs.
Plus: Investor.gov is looking out for you, there's a reason we've had so few IPOs this year, and take seven minutes and get your heart pumping
Intuit, the data aggregator that powers apps like Mint and QuickBooks, announced earlier this week it will shut down its Financial Data APIs.
