The fiduciary standard is all about serving the best interests of investors
Advisers and Generation X and Y investors aren't seeing eye to eye on investment issues
Elizabeth Warren, the Obama administration adviser assigned to set up the Consumer Financial Protection Bureau, said that lawmakers looking to limit the agency's authority should focus instead on the Wall Street “behemoths” aiming to undermine its mission
Many fee-based advisers leaving money on the table; cheaper rates do not bring in more clients
In 2,300 pages of legislation overhauling the U.S. financial regulatory system, there is no section or subsection entitled “mutual funds,” an indication that they were not seen as a primary culprit in the market crisis that shook the economy three years ago.
The shifting of thousands of investment advisers to state regulation is months away, but the Securities and Exchange Commission is busily laying the groundwork for the transition.
The frustration felt by advisers about the growing wave of regulation and failed attempts to influence policy erupted last week at a town-hall-style meeting in Las Vegas.
Investors get all hopped up when takeover rumors begin to swirl around a company. But contrary to conventional wisdom, sweetened bids or rival acquirers do not always materialize.
Although many federally registered advisers were scrambling to meet yesterday's filing date for the new ADV Part 2 forms, state-registered advisers in several states, including Michigan, Pennsylvania and Texas, were enjoying a bit of a reprieve.
Many financial advisers are finding out that they aren't as fluent in English as they thought
Advisers have an additional four months to prepare “plain English” brochure supplements about their investment personnel thanks to an extension granted by the Securities and Exchange Commission late last month.
A recent court decision against Pacific Life Insurance Co. may give advisers and broker-dealers legal leverage against insurers that take too long to perform Section 1035 exchanges of variable life policies.
Housing prices are once again on the decline. These ten U.S. cities were the biggest losers over the past year.
McMillan also bemoans pace of reform, saying firms still not sure if they'll be deemed too big too fail
Retirement funds not even close to what employees say they'll likely need; confidence level lowest in 20 years
Escalating political unrest in Libya proved to be the tipping point last week for a U.S. stock market that might have been looking for an excuse to pull back from an extended rally.
