Plan sponsors are left out of the equation because they don't appear to fall within the definition of "retail" investor, legal experts say.
At investor town hall in Atlanta, the agency's head urges clients to press advisers on fees
Merrill Lynch has seen two teams exit recently, each with more than $4 billion in client assets.
SEC says firm employees misled customers into overpaying for RMBS debt.
Firm betting tech will increase wallet share and move brokers towards financial planning.
'There is a huge opportunity for Aladdin to be the language of portfolio construction,' said BlackRock COO Rob Goldstein.
Financial advisers should be explaining how they can help clients, rather than pushing products on them.
This month's edition kicks off with the buzz from the Envestnet Advisor Summit.
The sale would keep the platform in the LPL network, and could be used as a way to lure retirement advisers away from Independent Financial Partners.
The proposed best-interest standard applies only to 'retail customers,' a definition that seems to omit broker recommendations to retirement plans. RIAs, though, are still on the hook.
For different reasons, each says client-relationship-summary disclosure is flawed.
The mutual fund giant was the largest shareholder of American Realty Capital Properties Inc. when it reported inflated financial results because of a $23 million accounting mistake.
Despite shifting tones from presidential administrations, advisers can still safely apply ESG factors in investment decisions.
Sean Aaron Brady failed to cooperate with Finra's investigation into the circumstances of his termination.
Advisers must weigh pros such as ease and efficiency against drawbacks like client risk and less leverage.
SEC offers favorable settlement terms through Monday to investment advisers who acknowledge they didn't use the lower-fee option available in a fund.
Now's the time for brokers and advisers to weigh in.
Although the trust fund depletion date remains unchanged, 2034 is when surplus funds will run out if Congress doesn't act
C corps may become a bit more popular under the new regime given the big reduction in their tax rate, but pass-throughs still seem to have the upper hand, advisers say
Committee for the Fiduciary Standard tells public to demand their financial advisers sign an oath.
