Once, big firms battled other big firms for the best advisory talent. Now, smaller firms are nipping at their heels as well.
The Securities and Exchange Commission on Friday slapped an adviser and radio personality know as “The MoneyMan” with fraud charges after his firm encouraged clients to invest in promissory notes linked to a company with which he associated.
It is time for the Securities and Exchange Commission to set an even more rigorous net-worth standard for “accredited” investors than the requirements set forth in the Dodd-Frank financial reform law
In a bid to expand its financial-adviser-sold defined-contribution business, BlackRock Inc. is tapping former executives of a retirement-focused broker-dealer that LPL Investment Holdings Inc. bought last year
Putnam Investments has reorganized the senior ranks of its retirement division and is in the process of getting rid of all non-functional titles among senior executives across the company
As advisers to 401(k) plans brace for upcoming regulations mandating greater fee disclosure, The Charles Schwab Corp., BlackRock Inc. and TD Ameritrade Trust Co. are among a number of firms that are launching lower-cost options ranging from exchange-traded funds to index-fund-only plans
Commissioner Walter says the regulator will start work in July on capping the marketing fee. This may not sit well with brokers or mutal fund providers.
SEC eyes requiring such funds to establish 'NAV buffer'; idea would trump ICI's plan for liquidity bank
Since true out-of-the-box innovation in adviser technology is relatively rare, my antennae are always up, looking for new, interesting angles to share with readers
Financial advisers continue to amaze me with their ability to harness technology to do business in new, creative ways
B-D and advisory groups look to a) speed up, or b) slow down adoption of single standard of care
Plain-English disclosure document would describe services, conflicts and limitations on duties
A new rule aimed at making the financial advisory business more understandable to clients is giving advisers a headache.
Securities and Exchange Commission officials tried to assure Congress last week that the SEC's examination and enforcement divisions are working together more effectively to catch and prosecute rogue advisers such as Robert Allen Stanford, who allegedly bilked clients out of $8 billion.
While it'll never compete with Justin Bieber, one financial planner's You Tube post on standards of client care has become an unlikely hit. In fact, he's even attracted a million-dollar account thanks to the unusual come-on.
Barclay's behavioral-finance expert says rich clients' irrational responses can be reined in
The largest brokerage has seen its assets swell, while reps' productivity has soared. Those reps that are not producing? MSSB still plans to do some pruning.
Apparently, $4M isn't what it used to be. When asked how much they'd need in investable assets to consider themselves wealthy, millionaires came back with a hefty number.
