Broker-dealers are no longer considered a necessary step on the road to RIA, says Bernard Clark, head of the adviser services division at Charles Schwab.
For rich and famous clients (like the late Michael Jackson), careful planning is needed to keep the Tax Man from plundering the estate.
Former NetExchange Client gets a re-branding as Pershing responds to changes in technology and demographics
Commission and Finra are concerned that brokers are steering investors into higher-fee accounts.
Finra seeking to bar advisers even in small expense account error cases. <i>Check out these <a href="http://www.investmentnews.com/gallery/20140120/FREE/120009998/PH" target="_blank">8 expense account blunders &mdash; from the wacky to the mundane</a></i>
Morgan Stanley will reduce payouts to low-performing experienced brokers, expand awards for hitting performance targets and enhance bonuses for increasing lending, according to details of the plan confirmed by <i>InvestmentNews</i>.
As a busy professional, Michael Kitces writes that delegating is a classic Catch-22. Delegating some tasks can free up time, but when you're already swamped, it's often faster and easier to just do the work than try to teach someone else how.
In 2014, SEC officials expect to take a 'swipe' at the group of about 4,000 RIAs that have never been examined before, but critics are skeptical. It's no game of gotcha, the agency's compliance chief says.
Finra's report on how to avoid conflicts of interest seems to be pushing brokers toward the fiduciary standard already used by investment advisers. How far can it go?
The financial services business is out of touch regarding the sensitive issue of compensation even as the American public remains angry at Wall Street bankers for the credit crisis. Bruce Kelly explains.
Gap between what they have and what they need closing in on $450,000.
Few things are more deflating than coming back from a very productive trip and having to fill out expense reports, but with Finra cracking down it is essential to find the right tools to protect you and your business.
In the wake of back-to-back deals, the industry is curious about what the REIT czar will buy next.
Streamlined exams will enable SEC to conserve resources and conduct more RIA audits
Agency sets 2014 priorities, which include keeping an eye on B-D sales practices, fixed income markets.
Veteran advisers Michael Bromberg and Daniel Gerschel join in New York.
Financial adviser allegedly spent more than $10K on someone else's credit card
<i>Friday's menu:</i> Gold rides high on the taper effect, playing smart defense with a wide-moat ETF, blaming cold weather in February, stirring the income inequality pot, why you should complete your LinkedIn profile, and the SEC shows some love.
The crash of the conference host Wi-Fi &mdash; caused by all the techies &mdash; didn't help
