We don't know how Reg BI or the CFP credential's fiduciary standard work in practice because there has been no substantial punishment for violating them.
Giant financial services companies are starting 2023 with more moves to control and own the assets of financial advisors, rather than servicing them for a modest fee.
Passing down season tickets from generation to generation can get hairy. It’s often worthwhile to bring in an estate planner or attorney to make sure it’s a clean handoff.
A House subcommittee considers GOP measures that would amend accredited-investor rules. The ranking Democrat said 'fiduciary' advisors could help retail investors become sophisticated vicariously.
The SEC said brokers in the firm's Lexington, South Carolina, branch office recommended variable interest rate structured products to dozens of retail customers for whom they weren't suitable.
When Walsh will officially step down has not yet been announced but Deputy Secretary Julie Su is expected to become acting head of the agency.
Look for independent broker-dealers flush with interest-rate revenue to emerge as credible threats to the mergers-and-acquisitions status quo.
The agency's other examination priorities for this year include RIAs who manage private funds, ESG investing and crypto.
Set aside time to take stock and focus your sights on what you want to achieve in the months ahead.
When an advisor launched a nonprofit in his ancestral home of Ghana, he also learned how to better understand his clients
The SEC, Finra and NASAA issue identical alerts telling retirement savers they're on their own if they open accounts that give them complete autonomy on the investment lineup.
Starting next year, beneficiaries of 529 plans that have been in place for 15 years or more will be able to move assets into a Roth IRA.
Florida Pension Group, headquartered in St. Johns, provides retirement plan consulting and wealth management services.
House Republicans had suggested negotiations on the debt limit could include an agreement to set up a commission to negotiate later changes to Social Security and Medicare to extend the programs' solvency.
The Swiss firm loses another dispute over deferred compensation related to the 2015 closure of its U.S. wealth management operation.
As plan sponsors and plan advisors do their annual reviews of company retirement plans, they’ll spend a significant chunk of their time and energy coming to terms with 2022 before seriously looking ahead to the opportunity that is 2023.
Some politicians see it as part of a viable platform for the 2024 presidential election.
Nearly 90% of investors surveyed said they would like advisors to help them with allocations
The independent registered investment advisor has partnered with Goldman Sachs Advisor Solutions for its custody services.
Perhaps the reality is that neither firms nor advisors truly 'own' clients but rather are lessees of clients.