Digital-advice firms tell the Securities and Exchange Commission they put clients' interests first and that some regulatory updates are needed as digitization of the industry grows.
Derek Bruton didn't waste any time putting his imprint on Lucia Capital Group, striking a deal for the managed equity and fixed-income accounts of West Coast Asset Management, a registered investment advisory firm with $170 million in assets.
Though a lot of clients and prospects are asking about fees, what they're actually willing to pay comes down to the adviser's value proposition beyond investments.
Many brokers and other financial firms have already changed compensation and other policies to align with the regulation. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The DOL rule, from all angles.</a>)</i></b>
Clients may choose fee-based or self-directed retirement accounts.
Veteran managers from Ariel, Gabelli, Monetta and Pioneer share their lessons.
Telling advisers to never assume enough is enough when it comes to research.
Firms' compliance manuals and contracts will be scrutinized to ensure employee protection.
Chris and Brian Cooke partner with the 108-year-old firm for strategic expansion.
Plus: Five ETFs to help you prosper under the Trump administration, Dawn Bennett lands in more hot water, sending the media back to journalism school, and Happy Veterans Day
Advisers ready trades and talking points for crushed Clinton supporters
Move to fee-based IRAs gave consideration to SEC's view of other brokerage accounts at firm.
#43 tells it like it is.
Adviser offers firm's experience building a business within the business for younger investors
The agency said that for the first time it used a coding technique against a broker-dealer to identify potential unsuitable transactions.
Private offices and cubicles are a thing of the past at modern firms. <b><i>(Related read: <a href="//www.investmentnews.com/article/20161102/BLOG09/161109983/seven-technology-trends-shaping-investments"" target=""_blank"" rel="noopener noreferrer">Seven technology trends shaping investments</a>)</b></i>
Humans are great at projecting way into the future about something that may or may not happen.
The Department of Labor's 24-page document on frequently asked questions on the fiduciary rule inspires even more questions from the advisory industry than it answers.
Will the significant expense for the large audience result in a home run or a strikeout for its branding campaign?
