Their attorney, Jeffrey Erez, said they were misled by UBS brokers who didn't understand the risky product.
Advisory firms' challenges when it comes to alts range from getting access to investments, meeting minimums, figuring out how to subscribe and the headache of performance reporting.
The new Maintaining Qualifications Program reconciles Finra licensing requirements with common career and family timelines.
As rising costs cause many to contemplate lifestyle shifts, one question that keeps popping up is whether the spending cuts should include investing for retirement.
70% of retirees would advise saving or investing more or earlier, according to a new EBRI study.
The regulator sanctioned the broker-dealer for violations related to its marketing of securities it had underwritten and failings related to sales of GPB private placements.
The bank joins a long list of financial backers funding the $130 billion tech-savvy platform for investing in alternatives.
SEC Chair Gary Gensler has raised concerns with how features closely associated with the mobile phone apps offered by brokers can impact trading.
A projected 20% benefit cut in 2035 could significantly reduce lifetime income for younger workers, according to a new paper from HealthView Services.
The bill would raise the RMD age from 72 to 75, increase catch-up contributions and allow retirement plan matches for student loan payments. It will be combined with another recently advanced Senate measure.
Financial advisers say clients are asking about alternatives to the standard investments in stocks and bonds.
Other practices that help limit investors' taxes include asset location, rebalancing and maximizing retirement income.
For the more than 30% of employees who say they're considering a job switch, benefits programs are often a 'crucial factor.'
Sustainable investors say it should go further while opponents claim the SEC lacks authority to pass a rule.
The deal for American Portfolios Financial Services Inc., a New York independent broker-dealer, brings Advisor Group 850 advisers who oversee close to $40 billion in client assets.
Some custodians and IBDs will require that an advisory firm move its assets off their platform if the firm is acquired or merges with one of the consolidators.
Methods honed by the tech and manufacturing industries are surprisingly relevant and effective for workplace culture
More than half of advisers say the lack of integration between their core applications is the biggest pain point with technology.
The measure would raise the required minimum distribution age, increase catch-up contributions for people between 60 and 63, and enable workers to withdraw emergency funds from plans, among its many provisions.
The case stems from a challenge by a former Xerox CFO, Barry Romeril, who sued for the ability to deny SEC fraud allegations after he signed a settlement with the agency in 2003.
