The CE requirements are the first for investment advisors, who must take 12 credit hours of courses in products and practice as well as ethics.
A survey of business owners shows that amid inflationary pressures and economic uncertainty, 43% of those who work with an advisor say they've communicated with their advisor more frequently in the past year.
For advisors who don’t do their homework, the possibility of a regulatory slap on the wrist may be less of a deterrent than a whack in the wallet from aggressive attorneys.
Native Americans are gaining economic muscle, and that expands horizons for investors and advisors who want to be part of their rise.
The CFP Board also reports all-time highs in the number of new women and racially diverse CFPs.
One advisor allegedly recommended unsuitable investments to a client and then failed to monitor her portfolio or meet with her. Another claimed in an ad his retirement program could raise all the money needed for a nest egg in 3 to 5 years.
The Zoe Wealth Platform charges a fee based on advisory assets for everything an RIA needs to work with clients.
The best-managed RIAs closely monitor growth by measuring net new assets and revenues, both from the addition of new clients as well as existing clients adding to their investment portfolios.
The industry has focused almost exclusively on cybersecurity controls over the past few years, instead of understanding what their core obligations and fiduciary responsibilities are for client data.
Most Citigroup staffers are supposed to be in the office three days a week, but if their productivity dips, they can expect to spend more time there.
This month’s highlights include Envestnet’s entering the RIA custodial business and Docupace’s launch of an RIA Productivity Toolkit.
With an assist from the Lucy Shair Foundation, Valerie Rivera aims to serve clients who are the first in their families to rise to the professional class.
The sixth annual recognition program aims to tell the stories of individuals and firms that implement and advocate for diversity and inclusion within the financial advisory industry.
The bank says costs will be a top priority this year; it also says it's still committed to its digital assets strategy despite the turmoil in crypto markets.
Plus Brad Weber gets Savvy, iCapital adds 100 to its tech team, and Richr launches an advisory service.
Advisors at Wells Fargo have been under a cloud since 2016, when the bank's fake-account scandal erupted.
What women need is richer context about the implications of financial decisions and what they are truly trading.
The wealth management franchise at Bank of America continued to perform well in 2022 despite the stock market sell-off.
The industry absolutely loves these terms, but jargon obfuscates, intentionally or not, what the product actually does.
The firm will dismiss about 2.5% of its global workforce after grappling with sharp declines last year in equity and bond markets.
