Language in the Investment Advisers Act of 1940 exempts brokers from registering as investment advisers — and being fiduciaries — if their advice is "solely incidental" to their work.
A campaign is not a one-time sales email with no follow-up or a landing page that sits all alone on the web where no one will ever find it.
As advisers step farther away from stock-picking, their work guiding clients on the bigger financial picture becomes more important and their value potentially greater.
Retiring during the longest-running bull market in history can be scary, as some begin to wonder when the good times will end.
Information is intended to help promote greater reporting of suspected financial exploitation.
HECMs are seeing heavy competition from proprietary products for the first time in a decade.
Fintech firm waited two months to tell investors after finding and fixing the breach.
Valuation of the company offering free app-based trading could climb to as much as $10 billion, sources say
This month's edition kicks off with the news that Schwab's PortfolioConnect is now available – for free – to all RIAs on its platform.
The regulation, expected in December, likely will be contoured to the SEC's new advice standards.
Adds names of 16 "advisers" and unlicensed financial firms to civil suit.
Newbridge Securities faces large deficit and negative cash flows.
The measure allows small employers to band together to offer plans and raises the RMD age. Another provision eases use of annuities in 401(k)s, which critics say goes too far
Commission adds new item to agenda: Interpretation of broker guidance that qualifies as advice
Advisers can help with financial triage and encourage clients to avoid rushing into nonurgent decisions.
Northeastern states argue cap will cause devastation, but recent tax filings show revenue increases in New York and New Jersey.
These tools could help advisers improve ROI.
Sales of high-commission notes and private placements were at issue.
The largest IBD in the country has agreed to buy a small broker-dealer in Florida to kick off the new effort.
Collective investment trusts also have the potential to fuel a new wave of lawsuits against advisers.
