Alan Harter's clients started suggesting more than two years ago that he should cut his Wall Street ties and become their independent investment adviser
The 200 to 300 financial advisers and trainees given their walking papers at Morgan Stanley Smith Barney LLC this quarter probably won't have much trouble finding new jobs, according to industry recruiters.
The SEC deserves a pat on the back for eliminating the requirement that a securities industry representative sit on Finra arbitration panels. Still, its obligation to assure that investors get a fair shake in disputes with their brokers remains unfulfilled.
The Securities and Exchange Commission yesterday approved a Financial Industry Regulatory Authority Inc. proposal to give investor claimants the option of using all-public arbitration panels.
Wholesalers for J.P. Morgan Funds won't be able to complain about a bad back from hauling around a briefcase full of printed fund brochures and documents
Now that the Senate has approved a ban on patents for tax strategies, proponents are turning their focus to the House
Like a nagging cold, leakage from defined-contribution plans continues to bedevil plan sponsors and their providers
Southwest Securities Inc., the Dallas-based brokerage fined this month over payments to municipal-bond advisers, will pay $650,000 to resolve claims over improper short sales that caused a $6.3 million loss for the firm.
Research shows that one in seven cases dismissed; fines often lowered
Going independent has never been easier, but there are still a host of issues to consider. This first installment of a four-part special report explores the ins-and-outs of starting your own practice.
Seek out advice from others who have gone out on their own
A congressional leader sees a key role for investment advisers in his vision for reform of the retirement system
The disclosure and use of financial derivatives by financial firms is the biggest concern of the nation's leading financial analysts
If two House hearings last Thursday were any indication, the Securities and Exchange Commission faces an uphill battle in winning approval for its $1.4 billion budget request — including the $300 million increase it says it needs to fulfill its core mission and its Dodd-Frank obligations
Service providers have an additional six months to prepare for plan fee disclosure regulations, and it seems that broker-dealers will need all that time
Head of commission says GOP proposal would lead to big reduction in number of firm audits
Financial adviser training and compliance expenses could spike for broker-dealers of all sizes — and become especially burdensome to smaller firms — if the Labor Department applies its proposed fiduciary rule to individual retirement accounts, observers say.
