It’s not clear how many people may be suffering from the legal restraints that were supposed to protect them.
Opponents contend the measure, known as the PRO Act, could negate independent-contractor agreements between advisers and financial firms.
Rock-bottom interest rates have fueled the biggest borrowing binge on record, and even billionaires with enough cash to fill a swimming pool are loathe to sit it out.
The Spark Institute's standards build upon DOL cybersecurity guidance to provide more clear-cut practices designed to defeat retirement account fraud.
Whether they're inclined to stay or to go, advisers owe it to their clients and themselves to pay attention to the subtle, but important, changes happening at the company.
The financial technology platform, which provides financial advisers with access to alternative investments, saw its valuation top $800 million with the funding round led by WestCap.
Advisers should provide a global view and frame conversations around investors' values.
The seed round also featured other prominent participants like founder of Barstool Sports Dave Portnoy and New Enterprise Associates managing general partner Tony Florence.
Temporary relief from onsite examinations, which began at the start of the pandemic, is set to expire in December.
New report shows financial adviser conference attendees are less impressed with sponsor status than they are with solid content from those sponsors.
Three advisers who operate as West End Advisory in St. Louis make the move.
Several major websites, including those of Fidelity, Schwab and Vanguard, were hit Thursday by a widespread internet outage, according to DownDetector.
The mention of GPB auditors in a court filing highlights earlier allegations of executives using clients' money for their own personal benefit. Focused on independent broker-dealers, GPB was a leading seller of high-risk private placements in the past decade.
A Fidelity survey shows sponsors also want lower fees, more retirement expertise and a better investment lineup.
Miami-based Green Grove Wealth Management is affiliating with Insigneo.
Who deserves to service and monetize the participants? The answer to that is whoever works the hardest, within the limits of the law, in a professional, conflict-free manner.
The agency's risk alert highlights problems that it found in examinations of more than 100 advisers who served as portfolio managers or sponsors of wrap-fee programs or who advised their clients’ accounts through third-party wrap managers.
Cash spreads are certainly nothing new, but with almost $64 billion in assets, Charles Schwab & Co. is likely the largest robo-adviser to hold significant chunks of client assets in cash.
Empower is already the second-biggest U.S. plan provider by number of participants, behind Fidelity. The deal will add $314 billion in assets among 4,300 plans, boosting Empower's size to $1.4 trillion among 71,000 plans.
The Republican SEC commissioner's doubts provide ammunition to those who want to push back against mandatory disclosures.
