The twin wins give Democrats operational control of the Senate, which is split 50-50s. While Democrats claim the majority because of the tie-breaking vote of Vice President-elect Kamala Harris, they hardly have free rein to advance legislation.
Investment advice may take back seat to financial wellness as advisers' clients worry about the state of the economy and the prospect of losing their job
Under the measure, which the Financial Industry Regulatory Authority Inc. first released in May 2019, the broker-dealer self-regulator would use numeric thresholds for regulatory disclosures to identify firms that pose a heightened risk to investors.
The plaintiff failed to raise issues with the company's process of selecting and monitoring funds, a judge wrote
The online lender known as SoFi, which gained popularity by refinancing student loans, agreed to merge with Social Capital Hedosophia Holdings Corp. V, a special purpose acquisition company. It marks the latest example of a growing trend in which closely held firms go public by merging with a SPAC.
Walsh is a former head of the Boston Building and Construction Trades Council; his appointment is a signal that Biden will make the labor agenda a priority
The company was already targeted in another class-action case over the target-date series and managed account options in its plan
The challenges of the pandemic were magnified by the implementation of the SEC's Reg BI
Big mergers can lead to headaches for broker-dealers.
The online trading platform’s popularity has skyrocketed over the last several months, but its fast growth has also generated increased regulatory scrutiny
The managed-account service will stand out in the marketplace because it will be embedded in Vestwell’s technology, rather than located away from a record keeper and within an investment manager’s system, a detail that will help the firm compete on cost
Firm veteran Mandell Crawley takes new job; Elizabeth Dennis will succeed him as head of private wealth management
The deal follows other major announcements, including the purchase of Compass Financial Partners and a majority stake acquisition in Sageview Advisory Group
Dale Kramer opens an indie shop, Kramer Wealth Strategies, in upstate New York
Given all that happened last year, many advisers are coming up with different metrics for success in 2021
Final judgment also finds Barry F. Connell liable for restitution, which he repaid in criminal case
There's nothing worse than workaholic leaders gumming up the works because they won’t delegate
Clients are curious about the recent boom in cryptocurrencies, but volatile performance records are keeping some advisers on the sidelines
Consolidation has been a theme of late in the retirement plan adviser world, and private equity has increasingly poured money into the space, which has helped push valuations to high points, leading to ample selling opportunities for adviser firms
Effort would move the fourth-largest U.S. bank a step closer to emulating some of its biggest rivals
