The desire to attain work-life balance is nothing new, but this trend brings both good news and bad news for our industry.
Measure requires brokers to establish trusted contacts on accounts and allows them to stop distributions in questionable circumstances.
State launches a sweep of 241 firms with above-average numbers of brokers with misconduct reports on their records.
Advisers know technology can improve efficiencies and foster strong client relationships, but some are finding the latest tools don't always deliver as planned.
The firm will announce details of its strategy to comply with the DOL fiduciary rule in the next two weeks. <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-focus" target="_blank">The most up-to-date information on the DOL fiduciary rule</a>)</i></b>
Advisers can improve client outcomes and make their own lives easier by practicing one or two new techniques.
Average adviser has roughly 1,800 hours available in work year, but approximately 60% of it spent 'on crap,' Pershing's Tibergien says.
The best practices program will require advisers to charge reasonable fees and disclose them.
Jeffrey Howell allegedly overvalued a UBS customer's account by as much as $3 million.
CFO Paul Donofrio says the bank's decision "creates significant flexibility for our advisers, and we're delivering fiduciary, best-interest advice to clients.” <b><i>(More: <a href="http://www.investmentnews.com/section/fiduciary-faq" target="_blank">A comprehensive, searchable database of advisers' fiduciary FAQs</a>)</i></b> .
Despite record enforcement at the agency, the senator focused on Ms. White's 'brazen conduct.' <b><i>(More: <a href="http://www.investmentnews.com/article/20160904/FREE/160909989/why-financial-advisers-hate-elizabeth-warren" target="_blank">Why advisers hate Elizabeth Warren</a>)</i></b>
The broker wired funds to a business account to pay himself a higher salary, unearned commissions.
They have higher incomes and more assets than the general population, but fewer than one in five Asian-Americans has a financial adviser.
Planners are tweeting and posting to the web more &mdash; and many are gaining new clients from the effort.
Laurence I. Balter, founder of Oracle Investment Research, also allegedly charged clients both an advisory fee and a fund-management fee.
Plus: Revisiting the Janus-Henderson marriage, don't chase that record-setting IPO, and Curt Schilling aims to strikeout Elizabeth Warren
Could it be that higher-status people are just more likely to whine when things don't go their way?
Lessons can be learned from larger firms that have completed Finra's examinations, and from the safeguards they've built to avoid future problems.
Open to Fidelity's custody clients, advisers will have access to an online portal, one-on-one coaching and peer learning opportunities.
Plus: The Fed almost raised rates again, Neuberger Berman would rather fight than settle, and welcome to the worst kind of job interview
