The regulator won't require 'swing pricing' for money funds after fierce pushback from the industry.
Studies have shown that most people will benefit from an advisor's assistance, realizing a 4%-plus increase in their yearly return, even after fees.
Offering employees an ownership stake can give you a valuable tool to attract and retain great people, and it often makes internal succession much easier.
This marks the third Texas acquisition this year for Captrust, which now has 69 deals on the books.
The SEC is due to finalize its rules Wednesday with Wall Street now expecting a victory on a key component.
The settlement sends an uncomfortable message to retirement plan advisors and other fiduciaries, an observer says.
Hot on the heels of the Presley family’s document drama, a similar quarrel was decided this week in court regarding the last wishes of Aretha Franklin, who died in 2018.
The firm was also ordered to return $8.25 million to retail customers.
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
Bellini will oversee finance, legal, HR and business operations at the company, which is rebuilding executive leadership after a spring shakeup.
There's new pressure on advisors to clearly demonstrate the value they deliver to clients, and technology will play a key role.
First rule: There must be at least a decade between 'I do' and 'I don’t.'
Jason Johnson founded 509 Wealth Management in 1998 and manages approximately $400 million in assets.
The Labor Department's advice rule is likely to lead to controversy over whether a recommendation to roll funds from a 401(k) to an IRA constitutes advice.
The Alabama Securities Commission issues a cease-and-desist against two men who scammed 88 victims out of more than $22.5 million.
Broker-dealers are gaining the double whammy of billing higher fees based on more client assets as well as generating more revenue from higher interest rates.
The parent of failed Silicon Valley Bank is chasing cash held by the regulator.
This month's highlights include Pershing X's launch of Wove, Blueleaf's 'aggregation-as-a-service' solution, and Nitrogen's new set of firmwide data analytics capabilities.
The SEC is working on proposed rules related to artificial intelligence and other technologies, and Senate Majority Leader Chuck Schumer has announced a framework for AI legislation.
