The trade association is trying to insert language into capital formation legislation that would deem investors accredited if they work with a fiduciary advisor.
The rating agency cites the positive impact of the firm's deal to acquire the wealth management business of Securian Financial Group.
Amid persistent inflation, plan participants might benefit from being able to invest in real assets, says Schroders' Adam Farstrup.
Founder of the eponymous discount brokerage has seen his wealth drop more this year than any other US billionaire.
Rivent Partners has carved a niche at the intersection of affluence and social programs.
'It doesn’t require literally a bible or book of every single claim made in any ad ever to be retained forever,' Thoreau Bartmann, an SEC counsel, told an Investment Adviser Association conference in Washington.
Keeping tabs on texts and messaging has been difficult for the industry, and fines have been mounting.
The bank has been investing heavily in its wealth management group for more than a decade.
Financial advisors look for creative ways to keep client cash accounts from going over the $250,000 limit on FDIC coverage.
The firm says it has sufficient liquidity to handle any volatility and that more than 80% of deposits are insured by the FDIC.
If you’re not paying close attention to ensure that your clients’ cash is safe, you’re ignoring your fiduciary duty.
Nick Lalonde is launching Third Act Wealth Management in Dallas.
The unit has $17 billion in client assets, which includes high-net-worth clients the bank acquired with its 2021 purchase of Boston Private.
Shares of regional lenders started the week by selling off, with First Republic down 67%, after Friday's collapse of SVB Financial and Signature Bank's seizure by regulators over the weekend.
In a move to shore up confidence in the banking system, the Fed program will provide banks with one-year loans under easier terms than usual.
The FDIC aims to find buyers for the bank's units to enable it to return as much of clients' money as possible.
Cetera Advantage(k) GPS is designed for small and midsize businesses and available only through advisors affiliated with Cetera.
The SEC doesn’t care whether advisors or staff are banned from using apps or tools. What’s important to them is that firms fulfill their capture and retention responsibilities.
The biggest sustainable fund manager in the country is preparing to launch several more products.
GOP Rep. Ann Wagner and Democrat Brad Sherman, leaders of a committee with SEC jurisdiction, echo financial industry concerns that the plan will harm retirement savers.
