The wealth tech giant's new chief executive brings nearly two decades of experience, most recently at the helm of a privately held software firm.
The newly inaugurated Trump White House taps the contrarian commissioner as temporary head amid a slew of walk-outs from the agency.
Envestnet data reveal shared focus on product underperformance and tax optimization, with differing priorities on fees.
The mutual fund titan harmed investors by failing to disclose risks relating to capital gains distributions in its retail target-date retirement funds, according to the SEC.
“These penalties are certainly significant enough to draw the big firms’ attention," one executive said.
SEC charges describe multiple failures in customer identification programs and shortfalls related to high-risk accounts linked to cannabis and foreign entities.
SEC says two firms breached their fiduciary duties and whistleblower rule.
But many are concerned that they face age discrimination.
Despite hints of a friendlier SEC under the incoming Trump administration, bipartisan issues around money laundering, cybersecurity, and AI should remain central priorities.
It's a truism in the financial advice industry that many advisors dislike selling banking products.
The group joining RBC's New York City office, led by advisors formerly affiliated with First Republic, gives it an additional foothold in the ultra-high-net-worth space.
The alts platform giant plans to help smooth onboarding and compliance for wealth advisors with a new digital identity solution.
Provisions of the Secure 2.0 Act took effect Jan. 1, but regulators only last week proposed rules to govern new automatic enrollment requirements for 401(k)s and other plans, as well as new quirks for catch-up contributions.
Is the bank's next step building out its RIA custody business, one industry observer asks.
The broker-dealer giant is bolstering its ranks in New Jersey and California with latest advisor additions.
The extended collaboration, which includes insurtech provider Fiduciary Exchange, will give new annuity options for RIAs to address investors' evolving needs in retirement.
With small 401(k)s launching at a fast rate across the country, the company sees a lot of business potential, particularly through financial advisors.
It's been an awful road for investors in GWG bonds.
As cautious optimism builds around generative AI, the industry must take a more strategic approach to adoption, the head of client and advisor digital enablement at Broadridge said.
12 firms agreed to pay the fines to settle charges.
