Lucas Mijares and Jesse Ettlin are launching Zion Capital Wealth Management in Grass Valley, California, and aligning with Mariner Advisor Network.
'Having the interaction with registrants is really critical,' Natasha Vij Greiner, deputy director of the SEC's Division of Examinations, told an Investment Adviser Association conference.
Also at this year's conference, MoneyGuide founder Bob Curtis returns with a vision for a new fintech, while executives from Envestnet and Advisor Engine provide updates.
The trade association is trying to insert language into capital formation legislation that would deem investors accredited if they work with a fiduciary advisor.
The rating agency cites the positive impact of the firm's deal to acquire the wealth management business of Securian Financial Group.
Amid persistent inflation, plan participants might benefit from being able to invest in real assets, says Schroders' Adam Farstrup.
'It doesn’t require literally a bible or book of every single claim made in any ad ever to be retained forever,' Thoreau Bartmann, an SEC counsel, told an Investment Adviser Association conference in Washington.
Keeping tabs on texts and messaging has been difficult for the industry, and fines have been mounting.
The bank has been investing heavily in its wealth management group for more than a decade.
Financial advisors look for creative ways to keep client cash accounts from going over the $250,000 limit on FDIC coverage.
The firm says it has sufficient liquidity to handle any volatility and that more than 80% of deposits are insured by the FDIC.
If you’re not paying close attention to ensure that your clients’ cash is safe, you’re ignoring your fiduciary duty.
Nick Lalonde is launching Third Act Wealth Management in Dallas.
In a move to shore up confidence in the banking system, the Fed program will provide banks with one-year loans under easier terms than usual.
Cetera Advantage(k) GPS is designed for small and midsize businesses and available only through advisors affiliated with Cetera.
The SEC doesn’t care whether advisors or staff are banned from using apps or tools. What’s important to them is that firms fulfill their capture and retention responsibilities.
GOP Rep. Ann Wagner and Democrat Brad Sherman, leaders of a committee with SEC jurisdiction, echo financial industry concerns that the plan will harm retirement savers.
See how much brokers earn on sales of various products at 43 independent broker-dealers, according to data the firms provided to InvestmentNews Research.
The California bank's problems show how higher interest rates make it harder to keep deposits on the books.
NEPC's study shows a lack of industry consensus on how to create meaningful retirement income solutions in companies' defined-contribution plans.
