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‘Six-Figure Sage’ broker barred from the business
A former Commonwealth Financial Network broker has been barred from the brokerage industry for failing to appear at…
DOL fiduciary rule class-actions costs could top $150M a year
The plaintiff's bar is licking its chops, looking for a new class to represent
Senator Elizabeth Warren tells acting DOL secretary, ‘Financial firms back fiduciary rule’
Twenty-one firms have responded to a Jan. 19 letter challenging them to resist the Trump administration's efforts to stop the regulation, Ms. Warren told Acting Labor Secretary Edward Hugler.
Sen. Elizabeth Warren challenges financial firms to resist efforts to delay DOL fiduciary rule
Letter to 33 companies asks six questions, including whether they support the delay or would reverse course on changes already implemented if a delay occurs.
Capital One will eliminate commissions on IRAs
The transition will be completed by the time the Department of Labor fiduciary rule takes effect.
Broker-dealers deploying advanced cybersecurity measures
Tech experts are showing, not just telling, advisers that they are vulnerable to online threats
Independent broker-dealers suffer worst year since credit crisis
Coming off a gloomy 2015 of weak revenue growth, the forecast for this year is for more of the same.
Commonwealth ceases sale of some variable annuities
Commonwealth brokers can no longer sell L share class variable annuities, as industrywide scrutiny of these annuity contracts grows.
Finra sanctions a dozen IBDs $6.7 million for breakpoint snafus
Finra ordered a dozen firms to pay restitution and fines totaling $6.7 million for failing to give clients discounts for large purchases of unit investment trusts.
From the C Suite with Commonwealth’s Joe Deitch: Recognition he didn’t know enough helped him save the firm
The collaborative chairman — and Tony Award winner — learned to listen and wait for consensus, at least most of the time.
Broker-dealers face administrative hurdles in rollout of QLAC annuity
Confusion remains over who ensures the contract purchase meets Treasury's guidelines.
The independent broker-dealers that offer the highest average payouts
A by-the-numbers look at 2014's highest-paying broker-dealers
Nontraded REIT sponsors changing compensation for advisers
New share class dubbed a “T share” cuts upfront commission brokers are paid but creates an annual trailing commission.
Commonwealth loses $650M firm to RIA channel
D.B. Root & Co. had been an affiliate since 1997.
Independent broker-dealers take aim at the next generation of clients
Millennials, robo-advice and female clients top the IBD agenda.
Commonwealth adds first nontraded daily NAV REIT to its platform
More in line with the business of advisers who charge fees rather than brokers who receive a commission.
Indie reps happier at work than employee advisers: J.D. Power
Independent advisers continue to be happier at work than their colleagues who are employees of broker-dealers but the gap in job satisfaction among the two groups is narrowing. See how your firm ranks
Five IBDs in $7M settlement over nontraded-REIT sales
Galvin's tally for investors this year tops $11M, fines reach $1.4M
Does a blog equate to “blah, blah, blah”?
The following is being republished with permission from Commonwealth Financial Network’s Adviser Technology Buzz blog. To read more…
You think that was bad? Future recessions will be much worse
With the Fed out of tricks, investors should expect a more volatile economy and market over the next 20 years
