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Wells Fargo latest to face probe of use of messaging apps
The SEC and the CFTC are looking at the bank's retention of employee communications related to the use of unapproved messaging apps, it disclosed in a filing.
TradePMR, FP Transitions partner on consulting service
The service aims to help RIAs and breakaways with organizational structure, compensation and entity design.
With recession looming, advisors prepare for the worst
Clients are being advised to build up their cash positions, reduce equity risk and load up on high-quality fixed income.
Finra fines small B-D after years of net capital problems
Laidlaw & Co., with eight branch offices and 75 registered reps, was fined $200,000, according to Finra.
Are financial advisors recession-proof?
What the numbers say about advisory jobs in a potential downturn, according to an InvestmentNews Research analysis of Bureau of Labor Statistics data.
The ’secret’ of advisor job security
As long as wealth management firms can continue to attract and retain knowledgeable and empathetic individuals, financial advisors should always have a job.
Bad apps + Bad actors = Bad news for advisors
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
Advisors’ worst fears coming into 2023 proving groundless, so far
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
NewEdge Advisors rolls out employee affiliation model
South Dakota-based Reinke Gray Wealth Management is the first to join NewEdge using the new model.
Ignoring this source of retirement income underestimates Black Americans’ resources
Many Black Americans have been smarter about planning for retirement than most studies indicate.
Betterment lays off 28 as fintechs continue to feel the pinch
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
Fidelity to hire 4,000 positions by midyear
The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.
Waiting too long can make your worst fears a reality
The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
Goldman CEO cites ‘tighter hiring plan’ for 2023
But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'
NAPFA names Kathryn Dattomo new CEO
Dattomo, a longtime executive for medical associations, takes over from Geoffrey Brown, who departed NAPFA in November to become CEO of the Illinois CPA Society.
Finra fines small New York broker-dealer for Reg BI failures
Finra's action against Long Island Financial Group is yet another indication of its dissatisfaction with the industry's implementation of Reg BI.
Programs to draw underrepresented groups into investing gain traction
New and expanding programs are crafting on-ramps for traditionally underrepresented investors to the world of private equity and venture capital.
Financial heartbreak: Lying about money can cost you your relationship
A survey by Bankrate.com found that more than half of those polled viewed financial infidelity as worse than physical infidelity.
Finra can start indicating on BrokerCheck whether firm is ‘restricted’
Investors will be able to see whether a brokerage has been flagged for having a history of misconduct or employing a number of reps with disciplinary violations.
Cetera CEO Antoniades enthusiastic about Securian pickup
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
