The Securities and Exchange Commission charged that from at least 2014 until 2019, Buttonwood took steps to avoid paying transaction costs by focusing client investments in more expensive mutual funds.
Polaris is headed by partners Corey Basehore and Justin Dunwoody and includes adviser Sarah Leer, two junior advisers and a nine-member office staff.
As changes bring about increased risks, RIAs need to recognize that insurance is a vital component of their risk management strategy.
It’s up to advisers to communicate with investors who need help with understanding the management of risk across multiple accounts.
'A lot of smaller RIAs don’t understand the magnitude of the work necessary to comply by December,' said Brad Campbell, a former assistant Labor secretary.
States such as California, Oregon and Illinois are requiring small businesses to either provide their own 401(k)s or sign up for the state program — and that is a massive opportunity for startup plans.
A new survey by Public, a next gen-focused investing app, researched the behaviors and motives of millennial and Gen Z investors. The majority of respondents started investing in the past three years.
The agency alleges that Michael Shillin lied to clients, many of them elderly, about the value of their investments.
The insurance broker is buying Freedom Partners, which provides back-office services for financial advisory firms.
Cardinal Point Wealth Management targets Canadian snowbirds, but found a rich market of clients needing cross-border advice.
MoneyLion, fintech founded in 2013, joins the ranks of other recently public fintechs like SoFi, Robinhood and Square’s Cash App.
A new study by the Institute for the Fiduciary Standard asserts the document blurs the line between advisers and brokers.
The measures would require everyone in the country to receive a portable account at the time they are given a Social Security number.
The SEC has been cracking down on disclosures surrounding payments by funds to broker-dealers and RIAs. The agency launched an initiative in February 2018 to target advisory firms that recommended high-fee mutual funds.
A group of three reps in Lincoln, Nebraska, makes the move.
The platform offers a streamlined financial aid application process as well as online courses. The bank said the acquisition will help it build relationships with college students.
The central bank could start scaling back its asset purchases in November, the Fed chairman said, after policy makers revealed a growing inclination to raise interest rates next year.
Regulators said brokerages should not only tell reps what Reg BI says but provide examples of how to meet its requirements.
RPAs with strong wealth management businesses and leadership will command a premium price, among other factors.
With the number of small accounts likely to rise as more states adopt auto-IRA programs, the U.S. could benefit from single-account systems, automatic portability and other reforms, Brookings found.
