Fees and expenses matter, but in a procedurally prudent investment process, their management should account for less than 10% of a fiduciary's total efforts
Regulator charges Kimberly Springsteen-Abbott with misusing investors funds, fines her $100,000.
Government watchdog says securities regulator vulnerable to cyberattacks.
Opening the lines of communication with legislators helps build lasting relationships.
Broker-dealer regulator says parts of communications rules that would be excised include the filing of generic investment company material and shareholder reports.
Advocates say education, transparency better than a regulatory crackdown on alternatives.
<i>Breakfast with Benjamin</i>: State Street gets poor marks from financial advisers, despite dedicated efforts to mend fences and build new relationships.
Time for the industry to respond positively to a fiduciary standard, perhaps seeking a few clarifications and minor tweaks, but no longer seeking to kill it entirely.
<i>Breakfast with Benjamin</i>: No longer blaming earnings shortfalls on the weather, CEOs are now passing the buck to the strong dollar.
<i>Breakfast with Benjamin</i>: The firm is closing or consolidating 20 money market funds with $200 billion in assets.
Mr. Weiss and his firm will pay $8.4 million in relief to investors he duped in tobacco-related scheme
In longest-running arbitration case in 20 years, panel rules leveraged derivative investment was unsuitable.
The latest pretend adviser to emerge, Leroy Brown Jr., may win a grand prize for lying.
While disclosures of negative personal financial events are not pleasant, the consequences of not making them can be severe.
The late comedian's estate plan is back in the headlines: This time, his beneficiaries are embroiled in a legal fight over the interpretation of his trust.
New study finds that clients believe their financial advisers act in their best interests, even when they aren't required to.
Brokers who sell index funds may get a leg up from newly proposed requirements that would impose more stringent advice standards.
New regulations aside, megatrends will demand that advisers align themselves with clients.
Survey intended to inform regulators, prevent financial abuse of elders.
