The SEC requires advisers to provide the best execution for their clients' trades. This obligation is an evolving standard that necessarily involves a “facts and circumstances” analysis.
Why is now a good time to consider marketing to physicians? Frankly, because many physicians qualify as high-net-worth investors and have cash to invest.
Software can add efficiency and reduce personnel hours. Everyone knows that. But there are other significant savings to be gained from automation
The Securities and Exchange Commission won an appeals court ruling that may allow it to collect illegal proceeds from money managers who engage in insider trading even when their firms got all the profit.
With investors of all asset levels attracted to self-directed trading platforms, advisers need to keep up with all the do-it-yourself online offerings because the DIY channel is mainstream.
A new paper by Wade D. Pfau and Michael Kitces turns conventional retirement income strategy on its head.
Depends on where client is - living modestly in early years or enjoy days to fullest.
Pfau explains two strategies that depend on flexibility of the client.
Triad Advisors, Securities America failed to supervise reps who created and sent inaccurate consolidated account statements to clients, regulator says.
Friday's menu: Looking at stocks' recovery five years from the bottom. Plus: A big day for econ data, a bitcoin exchange crashes but new products spring up, Morgan Stanley gets a lawsuit tossed and Ukraine update
<i>Breakfast with Benjamin:</i> A man called "Mr. ETF," plus the skinny on Dave Camp's tax plan, Edward Jones settles cold calling case, a Wall St. cop moves on and a new take on "insider" trading.
Some higher-income professionals would pay an extra 10%
The New Hampshire Bureau of Securities Regulation accused the firm of unlawfully soliciting clients on do-not-call lists
A former Bank of America Merrill Lynch financial adviser was sentenced to 10 years in prison for running a Ponzi scheme that defrauded at least six investors of $2.7 million. Mason Braswell has the story.
Investment management unit chief says agency wants to be sure transitions are good for clients.
In some cases, the failure to supervise rests with the adviser, not the firm, senior director says.
Focus hires $250 million team, on the heels of the departure of $550 million team to Raymond James.
As Morgan Stanley chief executive James Gorman sets a new profit margin target for the firm's wealth management unit, executives will be looking to advisers to capitalize on new opportunities, such as lending to high-net-worth clients, an area where the firm lags.
Advisers should recommend statutory shelters to ease clients' tax bite.
What do adviser lobbyists do when their issues are out-of-sight and out-of-mind? Quietly educate lawmakers.
