J.M. Egan Wealth Advisors will move into HighTower's New York headquarters, while maintaining offices in Madison and Sea Girt, N.J.
The DOL fiduciary rule will forever change financial advice, and the industry now faces the challenge of adapting to the new regulation.
The mergers we may see as a by-product of the DOL rule are likely to be trickier — and more permanent — affiliations, and advisers will need to do their homework.
The Labor Department's determination to move ahead with the fiduciary rule in spite of others' grave misgivings has left us with no other choice than to bring this issue before a court of law.
Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
If a firm's transition to the Best Interest Contract Exemption is done using paper contracts and disclosure forms, it could be costly, difficult and risky to manage.
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
Don't be too proud to try out different approaches to uncover what works
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
The penalty is the regulator's largest ever relating to anti-money laundering compliance.
<i>Breakfast with Benjamin</i> New research suggests that some tech-crazy millennial investors are moving beyond the robos to work closely with human financial advisers.
New regulation has broad reach, so when in doubt, use the best interest contract exemption, assistant secretary says.
<i>Breakfast with Benjamin</i> Paying attention to how stocks trend between August and November could be a giveaway for which party's candidate will be elected president.
For most clients, paying attention to financial media distracts them from their primary goals.
Is it wrong for a financial adviser to withhold the client's files until the invoice is paid?
Wall Street firms' outsized account minimums are sending a negative message to retail investors. Let the wirehouses' losses be your gains.
