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3 ways financial advisers can get ahead in 2017
If you surround yourself with people who are better than you, you'll begin to become better yourself.
Advisory firm PagnatoKarp expands concierge services to smaller clients
Competitive pressures lead advisers to broaden their non-financial service offerings
Adviser’s Consultant: Provide these services to attract younger clients
Millennials need help figuring out where their money goes, not just how to save it for retirement.
Adviser banned for cherry picking trades to reward himself over clients
Michael J. Breton allegedly cost clients $1.3 million by placing trades through a master brokerage account and then allocating profitable trades to himself while placing unprofitable ones into client accounts.
SEC hits Citigroup advisory unit with $18.3 million penalty for overbilling clients
From 2000 until 2015, Citigroup overcharged about 60,000 advisory client accounts and was unable to locate another 83,000 client contracts that were opened between 1990 and 2012.
What financial advisers can do about a U5 disclosure
Given the current regulatory environment and increasing utilization of BrokerCheck by the public, a broker must take ownership of his or her CRD.
Finra’s new exam unit looking to identify rogue registered reps
The self-regulatory organization is planning to investigate 100 to 200 brokers who pose the greatest risk to investors.
Steward Partners nears $5B as it continues to recruit wirehouse reps
The firm is an employee-owned, independent partnership associated with Raymond James, and has found success with its collegial 'no-jerk policy' for those who'd like to join.
Banks, credit unions could start buying advisory practices
LPL among the firms to benefit from the expanded distribution of financial advice
First Republic starts year with a bang
Picks up two Merrill Lynch groups with nearly $2 billion in assets; more deals might be on the horizon.
Like Trump? Hate Trump? What happens when politics bubbles up at advisory firms
Advisers discourage partisan rants at the office while some find other places to take up political discussions.
RIAs could be ultimate winners if DOL fiduciary rule is repealed or delayed
Differentiating themselves from brokers would be easier now that debate has raised investor awareness of the role of a fiduciary
New Finra head Robert Cook wants to publish exam result summaries
CEO says he got the idea by talking to firms during a "listening tour" shortly after taking over the reins of the securities industry regulator.
Adviser barred from industry, must pay $577K for concealing referral fee
Connecticut adviser John W. Rafal obtained a new client with accounts in excess of $100 million, and agreed to pay the referring attorney $50,000 annually from the advisory fees paid, according to the SEC.
Finra targets firms hiring brokers with checkered pasts
The regulator makes it a top priority for 2017, establishing an exam unit to ferret out rogue brokers and scrutinizing how firms supervise them.
House bill seeks improvements to 529 college savings plans
Unlimited investment changes among the enhancements lawmakers seeking in new measure
New cybersecurity regulation hits New York financial firms March 1
The rules, which include having written policies and procedures and a designated chief information security officer, could become a model for other states.
Facebook challenge 2017: Moving beyond money
Clients want us to spend less time talking about money and more time discussing their lives.
SEC hits Morgan Stanley with $13 million fine
Says wirehouse overbilled investment advisory clients due to coding and other billing system errors.
Why This May Be the Right Time to Sell Your Practice
https://www.investmentnews.com/wp-content/uploads/assets/graphics src=”/wp-content/uploads2017/01/CI1084411222.JPG” There’s no more daunting task than creating a succession plan for…
