Commissioner says the agency's recent actions targeting chief compliance officers sends 'troubling message' that leaves them unsure of the extent of their responsibility, especially CCOs at small firms.
Must make it clear that investors come first, not the firms being regulated
Advisers undoubtedly are going to have to deliver some bad news, but not delivering it would be even worse for clients.
WiseBanyan, which markets itself as the first free robo-adviser, has announced it will begin charging clients a fee for a new service.
CEO Bettinger says firm may add mutual funds and individual securities to its Intelligent Portfolios platform.
Christy Walton has been dethroned as America's richest woman after it was revealed that she didn't really inherit the bulk of her husband's fortune.
The original robo will leverage the RIA to offer 401(k) clients human advisers, according to Financial Engines president and CEO Lawrence Raffone.
Hit this year could be big as many client portfolios are down and funds project steep distributions.
The firm explains its aggressive M&A strategy and shares its objectives for its newest subsidiary.
Stifel Financial agreed to buy Barclays Plc's U.S. wealth-management business, which has about 180 financial advisers in the U.S. managing $56 billion in total client assets.
Plus, what to expect in 2016 from the SEC on a fiduciary rule and the Labor Department regarding a conflicts rule.
SEC chief says “if at the end of the day, you are depriving retail investors of reliable, reasonably priced advice, you will not have succeeded."
The rich have greater ability to leverage their incomes to buy homes, cars and merchandise.
These cities had the highest gross metropolitan product per resident, according to data from the U.S. Bureau of Economic Analysis.
Sen. Elizabeth Warren, D-Mass., introduced legislation paying $581 to each person receiving retirement benefits to offset no cost of living adjustment in 2016.
Led by major firms, assets under management forecast to reach $489B by 2020, Cerulli says.
Latest letter threatens to slow the rule-making process while time runs down on the current administration.
The ETF “heavyweights” are the ones to watch for a possible platform, according to Silver Lane Advisors.
At a House subcommittee hearing, legislators grilled David Grim, director of the SEC's Division of Investment Management, about the timing of a potential rule.
When it comes to 401(k) plans, people want to talk to people.
