The SEC's amendment to rule 17a-4 represents a tremendous opportunity to bring firms' record-keeping systems into the 21st century.
About 90% of households don't use financial planners, but offering fee-based services could help win them over, the firm says.
In an effort to prove they're anti-woke, Republicans are ignoring risk factors that could affect returns, not to mention market signals.
Answers to advisors' questions will be generated exclusively using Morgan Stanley's library of content and data.
Both credit assessors said further downgrades are possible as the bank faces deposit outflows that could affect its liquidity profile and ramps up wholesale borrowing.
The father-son pair, David and Paul Gwidt, will operate as Gwidt Wealth Management Group in Racine, Wisconsin.
Lucas Mijares and Jesse Ettlin are launching Zion Capital Wealth Management in Grass Valley, California, and aligning with Mariner Advisor Network.
The bank's shares fell as much as 25% to hit a record low in European trading after the remark by the chairman of Saudi National Bank.
'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.
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.
Founder of the eponymous discount brokerage has seen his wealth drop more this year than any other US billionaire.
Rivent Partners has carved a niche at the intersection of affluence and social programs.
'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.
