Thirteen advisory firms repeated unsubstantiated claims about investment performance.
Priorities include business continuity plans, cybersecurity and fee disclosure.
Age-based plans for this year's freshmen don't always get high marks. New York, Pennsylvania and Iowa funds get an A, but other states have more homework to do.
Coming off a gloomy 2015 of weak revenue growth, the forecast for this year is for more of the same.
Paul Mata gave presentations to church groups promising “Finances God's Way,” the SEC said.
SEC-registered advisers reach record number of clients through automated investment models and mobile apps. <i>(Plus: For more on the pros and cons of going robo, <a href="http://www.investmentnews.com/section/video?playerType=PracticeMakeover&seasonID=PM04&bctid=4680106199001&date=20160111" target="_blank">watch this video</a>.)</i>
Nearly three years after he was thrown out of the securities industry, the adviser has filed another appeal.
The agency is particularly interested in conflicts of interest where the adviser is also a broker-dealer or affiliated with a broker-dealer that gets fees from sales of particular share classes.
Lebenthal Wealth Advisors opened its doors at the start of 2014 but failed to gain traction in the shifting advice marketplace.
Nicholas Mitsakos and Matrix Capital Markets pretended to manage millions, SEC alleges.
Group overseeing $750 million starts wealth manager YorkBridge.
Big adviser moves have picked up steam in the last five years
Last year's 123 deals exceeded previous annual record in 2014 by 37%
Failure to follow the applicable rules can turn into a public enforcement action.
Most 'elite' advisers are looking to grow through personalized service to ultra-wealthy and institutional clients.
Firms embracing automated advice are positioning themselves to capture new client segments. By 2018, nearly one-third of registered investment advisers will have a robo-offering.
Consultant says transactions for large planning practices bodes well for any size firm looking to sell.
Firms reluctant to sell now may struggle later to find a merger partner to survive.
Registered investment advisory firms have been merging at swift pace after record-setting 2015
