The measure codifies Finra's practice for vetting arbitrators for conflicts of interest, and it requires a written explanation when a challenge to an arbitrator's seating is granted or denied.
Instead of a single seat on the company's board, activist investor Impactive Capital is now seeking more significant change.
The nine-member group, which will do business as Fountain Financial Group, had been affiliated with First Horizon Advisors.
Public-employee plans are underfunded, chasing higher returns and underperforming international peers overseen by professionals.
Here are three areas that wealth management firms should be monitoring to avoid taking the kind of reputational hit the airline just suffered.
The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
The purchase of Virginia-based Ascent Group keeps Alera on track to meet its goal of reaching $10 billion in AUM this year.
State legislation requires state entities to divest from firms on the list, with certain exceptions.
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
His 10 calls for this year suggest a smoother ride for the markets that could depend on more action from Washington.
Last year's inflation, the highest in decades, means married couples can now hand their heirs almost $26 million tax-free, $1.7 million more than in 2022.
Dallas-based Matt Irwin has 24 years of experience, all with Amerprise and a predecessor firm.
It isn't just a matter of identifying clients who are interested, but of removing whatever obstacle is keeping them from investing.
When aggregator Wentworth Management Services goes public by merging with a SPAC, Kingswood, sometime in the next few months, industry veteran Roth will serve as chairman.
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
On first glance at the comprehensive legislation, increasing the RMD age and boosting catch-up contributions are popular.
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
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