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Advisers can now create custom model portfolios using Betterment's white-label robo
INDUSTRY NEWS OCT 02, 2019
Advisers can now create custom model portfolios using Betterment's white-label robo

Firms can adjust the weight of the 17 asset classes available on the platform according to their own investment strategy and research.

By Ryan W. Neal
Schwab risks blowing up the brokerage model it built
INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
ETrade hints at commission cuts on social media
INDUSTRY NEWS OCT 02, 2019
ETrade hints at commission cuts on social media

Brokerage responds to Twitter calls for fee cuts with promises of 'more details coming soon'

By Jeff Benjamin
Boston advisory firm acquires $160 million hybrid
INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
Finra censures, fines UBS $2 million over muni improprieties
INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
Ex-LPL broker arrested, charged with running Ponzi scheme
INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly
401(k) lawsuits get more complex
RETIREMENT PLANNING OCT 02, 2019
401(k) lawsuits get more complex

One recent case alleges an employer didn't appropriately take into account index-fund tracking error.

By Greg Iacurci
ETrade follows Schwab, TD, and cuts commissions to zero
INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
Number of brokerages, reps registered with Finra falls again
INDUSTRY NEWS OCT 02, 2019
Number of brokerages, reps registered with Finra falls again

Despite the declining number of participants, industry revenue and profit increase.

By Mark Schoeff Jr.
SEC orders hybrid to return nearly $1.5 million over share-class violations
REGULATION AND LEGISLATION OCT 02, 2019
SEC orders hybrid to return nearly $1.5 million over share-class violations

Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares

By InvestmentNews
Hybrid team managing $210 million switches to LPL
INDUSTRY NEWS OCT 02, 2019
Hybrid team managing $210 million switches to LPL

Three-adviser team at SecondHalf Coach is based in Latrobe, Pa.

By InvestmentNews
Zero commission fight could pressure wirehouse earnings
INDUSTRY NEWS OCT 02, 2019
Zero commission fight could pressure wirehouse earnings

If they follow lead of Schwab and others, profits could get dinged, according to one analyst.

By Bruce Kelly
The practice of gratitude
INDUSTRY NEWS OCT 02, 2019
The practice of gratitude

When an adviser struggles to accept a compliment, it can be hurtful to the person who offered it.

By Joni Youngwirth
INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly
REGULATION AND LEGISLATION OCT 02, 2019
SEC orders hybrid to return nearly $1.5 million over share-class violations

Clients of Founders Financial paid 12b-1 fees when eligible for lower-cost shares

By InvestmentNews
ETrade follows Schwab, TD, and cuts commissions to zero
INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
REGULATION AND LEGISLATION OCT 02, 2019
Number of brokerages, reps registered with Finra falls again

Despite the declining number of participants, industry revenue and profit increase

By Mark Schoeff Jr.