Investor advocate calls insurance proposal weaker than existing broker suitability standard
The firm will maintain offices in New York, Chicago and San Francisco.
With income thresholds higher and a lower SALT deduction after tax reform, the AMT will realistically only apply to wealthy Americans with out-of-the-ordinary tax events.
RIA firm, founded in 1996, is based in Ann Arbor, Mich.
CEO Geoffrey Brown: 'The SEC's proposal is misleading and confusing for consumers.'
Regulator also fines broker Thomas T. Riquier $50,000 and bars him.
Private equity has a growing appetite for the retirement plan market.
Fee-based advice is not perfect, but most clients prefer it over a commission-based option
Many financial plans are flawed because advisers don't get enough clarity about the intention and purpose behind people's priorities.
Chairman Ben Brigeman will serve as interim chief executive while a search for a permanent CEO is conducted.
These next-generation leaders are raising their voices and gaining influence over financial advice regulation and legislation.
Advisory firms should have a clear protocol for reporting offenses, assaults.
Investment Adviser Association works to preempt bias toward passive funds in retirement legislation.
Donor giving was up $700 million from 2017 despite tax uncertainty.
Bulk of the outflow occurred at Allianz unit Pimco.
Advisers wonder what the lack of a formal brokerage agreement means from a regulatory standpoint.
His struggle to attract assets shows how low fees and passive investing have brought star managers back down to earth.
Sources say Kestra is being valued at between $600 million and $800 million, about eight to 10 times EBITDA.
Fixed indexed annuities are an insured asset class unto themselves.
But a memorable stock ticker can give exchange-traded funds a boost.
