Advisor News

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'Trusted' professionals are targeting older Americans
REGULATION AND LEGISLATION OCT 21, 2019
'Trusted' professionals are targeting older Americans

Elderly fraud often involves professional firms and companies, including banks, financial advisers, insurers and law firms.

By Bloomberg
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo
WIREHOUSES OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
Saying goodbye to Jud Bergman
OPINION OCT 21, 2019
Saying goodbye to Jud Bergman

Three moments we shared that made Jud unique and the lessons he taught me about becoming a better businessperson.

By Joe Duran
Legislation re-introduced in House to expand pool of accredited investors
REGULATION AND LEGISLATION OCT 21, 2019
Legislation re-introduced in House to expand pool of accredited investors

Bill to include expertise, experience criteria faces difficult legislative prospects

By Mark Schoeff Jr.
PRACTICE MANAGEMENT OCT 21, 2019
Much expected of Charlie Scharf as he prepares to take helm of Wells Fargo

The bank's stock has barely moved since its scandals began in September 2016

By Bloomberg
Legislation re-introduced in House to expand pool of accredited investors
REGULATION AND LEGISLATION OCT 21, 2019
Legislation re-introduced in House to expand pool of accredited investors

Bill to include expertise, experience criteria faces difficult legislative prospects.

By Mark Schoeff Jr.
FPA raises most campaign funds ever at single reception at annual conference
REGULATION AND LEGISLATION OCT 18, 2019
FPA raises most campaign funds ever at single reception at annual conference

Organization seeks more support from members for political efforts.

By Mark Schoeff Jr.
Zero-fee trading was a warning shot. Asset management is next
OPINION OCT 18, 2019
Zero-fee trading was a warning shot. Asset management is next

The advice industry's future lies in matching our fees with what our clients actually value.

By Anders Jones
CFP Board moving ahead with plan to strengthen enforcement by end of year
REGULATION AND LEGISLATION OCT 17, 2019
CFP Board moving ahead with plan to strengthen enforcement by end of year

In the meantime, the organization is checking backgrounds of CFPs one-by-one as they renew their credentials.

By Mark Schoeff Jr.
House approves bill requiring SEC to test investor disclosures
REGULATION AND LEGISLATION OCT 17, 2019
House approves bill requiring SEC to test investor disclosures

Republicans objected, saying it was a move by Democrats to delay Reg BI

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 17, 2019
CFP Board moving ahead with plan to strengthen enforcement by end of year

In the meantime, the organization is checking backgrounds of CFPs one-by-one as they renew their credentials.

By Mark Schoeff Jr.
REGULATION AND LEGISLATION OCT 17, 2019
House approves bill requiring SEC to test investor disclosures

Republicans objected, saying it was a move by Democrats to delay Reg BI

By Mark Schoeff Jr.
Why are fixed indexed annuities primed for growth?
OPINION OCT 16, 2019
Why are fixed indexed annuities primed for growth?

FIA sales took off shortly after the demise of the DOL fiduciary rule.

By Jamie Hopkins
REGULATION AND LEGISLATION OCT 16, 2019
Why are fixed indexed annuities primed for growth?

FIA sales took off shortly after the demise of the DOL fiduciary rule.

By Jamie Hopkins
Bill Gross: The Fixx
OPINION OCT 15, 2019
Bill Gross: The Fixx

The Bond King calls into question the outlook for negative rates.

By Bill Gross
Securities lawyers call on Finra to halt expungement process
REGULATION AND LEGISLATION OCT 15, 2019
Securities lawyers call on Finra to halt expungement process

PIABA report charges systematic abuse of the procedure for clearing brokers' disciplinary records.

By Mark Schoeff Jr.
SEC takes aim at second Cetera broker-dealer
REGULATION AND LEGISLATION OCT 15, 2019
SEC takes aim at second Cetera broker-dealer

Commission adds Cetera Advisor Networks to an earlier lawsuit alleging overcharging of funds.

By Bruce Kelly
Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud
REGULATION AND LEGISLATION OCT 15, 2019
Former Woodbridge Group CEO gets 25 years in $1.3 billion fraud

The scheme caused more than 7,000 retirees and other investors to lose money

By Bloomberg
Sell but stay, and watch your business grow
OPINION OCT 15, 2019
Sell but stay, and watch your business grow

Joining up with an RIA consolidator allows you to spend your energy on the tasks you enjoy.

By Scott Hanson
The latest in financial adviser fintech — October 2019
FINTECH OCT 15, 2019
The latest in financial adviser fintech — October 2019

This month's edition kicks off with the news that Wealthfront is acquiring financial planning monthly subscription startup Grove.

By Michael Kitces