A free meal can help win new clients, but some advisers say the prospecting strategy is dated and projects a bad image.
A NASAA exam sweep shows that more than half of advisers lack policies and procedures to address exploitation of elderly clients.
It seems as though the pandemic should have provided the motivation for advisers to address their continuity needs.
Invest in Others' Catalyst Award winner is Ralph Ujano for his work with Helping Hands for Single Moms Dallas.
The wealth management chief at BMO Financial will succeed Kathy Murphy, who plans to step down before the end of the year.
The broker, Shaiful Chowdhury, was arrested for possession of 10 pounds of marijuana a month after he joined Merrill Lynch in New York City.
The more individually tailored a communication to a customer is, the more likely it is a recommendation, SEC Commissioner Allison Herren Lee said during the NASAA fall meeting.
James Katz tailors his RIA, Humankind Investments, to serve clients who place the greater good at the top of mind.
Carrie Turcotte and Crystal Walker run NorthShore Financial Strategies in Chattanooga, Tennessee.
Known as the Inter Alia Group, four reps and four associates make switch in Portland, Oregon.
The broker-dealer self-regulator launched the exam sweep a couple of weeks after the Securities and Exchange Commission released a request for comment about the “digital engagement practices” used by investment advisers and broker-dealers.
The salesman, Anthony DeJohn, improperly used BMO's funds by charging to his corporate card and obtaining reimbursement for $2,270 in daily commuting expenses, according to Finra.
Altus Consulting Group, based in Texas and Wisconsin, becomes an office of supervisory jurisdiction.
Sandstone Wealth and its two advisers were formerly affiliated with Raymond James and Royal Alliance.
I believe we can fundamentally change people’s lives for the better through financial advice.
The rule change is effective immediately and will become operative on Jan. 1, if the Securities and Exchange Commission does not object.
LPL's new deal to attract employee advisers has two parts: an upfront signing bonus and a second bonus that's paid over several years.
Recent acquisitions have created a "funnel" for new clients, said Jonathan Pruzan, the firm's chief operating officer. The company now has more than 14 million net relationships.
Rothschild and MML Investors Services are latest to be penalized for inadequate communications to clients concerning fund fees.
Advyzon says those firms also more likely to have multiple fee schedules.
