The SEC alleges the firm failed to safeguard clients from Hector May, who pleaded guilty to stealing $8 million from clients and was sentenced to 13 years in prison.
Are your clients concerned about the market? Here’s how to explain economic ups and downs and the importance of a sound retirement plan to help navigate turbulent times.
Eight Kansas reps will affiliate with the independent unit of Raymond James through Beyond Wealth Advisors.
The 529 market can be more difficult to break into than the 401(k) world, which has an abundance of small plans that can be eager to hire fintech providers. States hiring 529 managers aren't likely to consider firms that don’t have track records.
Ransomware attacks in the U.S. increased 300% in 2020 and cost victims $350 million. Advisers make easy targets because they publicly release AUM and hold some of the most sensitive client data that directly connects to their finances.
The online trading platform will pay a $57 million fine and $12.6 million in restitution to settle a series of alleged failures, from tech outages to misleading information; it is the largest financial penalty ever ordered by Finra.
Starting in 2022, the Thrift Savings Plan will offer a new mutual fund window that will include ESG funds.
Finra also censured the firm in connection with privacy breaches that occurred during transfers of new clients.
There will be vast differences, but the fundamentals of the business will be the same, as will the importance of strong relationships and brands.
A lobbying group for PE firms is rolling out ads targeting 25 members of Congress to try to protect the carried interest tax break.
71% of American adults worry that the program will run out of money during their lifetime and 19% say the pandemic has affected their plans to file for Social Security benefits, according to a Nationwide survey.
If a conversation with a client isn't going well, sometimes the adviser needs to change his or her approach to get the client past the sticking point.
Virginia, Maine and Alabama recently adopted rules tracking the model ‘best interest’ measure approved in 2020 by the National Association of Insurance Commissioners.
Before becoming New Jersey's attorney general in 2018, Gurbir Grewal served as a federal prosecutor leading a unit that investigated white-collar crime.
So far, about 100 advisers, including those from 11 of the 15 biggest aggregator firms, have used the service, which recently began including quotes for pooled employer plans.
The bank is expected to pair OpenInvest with 55ip to enhance its private banking technology platform.
The registration application known as Form U4 asks an applicant for a variety of information, from employment history to whether he or she has been convicted of or charged with a felony.
Rules under consideration by the SEC that would require corporations to disclose climate risks will lead to shareholder lawsuits, according to Wall Street.
During a crisis, the critical fiduciary success factor is connecting with the client's heart.
The insurer will also pursue sales of blocks of those assets that are already in force. It said that it will continue selling variable annuities.
