Sweep reminds broker-dealers they're going to be held accountable for hiring brokers who prove not fit to work in the industry.
After the firm terminated its relationship with the adviser, it denied him access to client information.
Four states introduce accounts that help families save for special needs children
J.M. Egan Wealth Advisors will move into HighTower's New York headquarters, while maintaining offices in Madison and Sea Girt, N.J.
Two software providers are working to document ongoing compliance tasks: BasisCode Compliance and RIA in a Box.
Other partners include New York Life, Santander and current partner UBS.
The DOL fiduciary rule will forever change financial advice, and the industry now faces the challenge of adapting to the new regulation.
The mergers we may see as a by-product of the DOL rule are likely to be trickier — and more permanent — affiliations, and advisers will need to do their homework.
Pershing LLC has partnered with NextCapital, an adviser-facing robo platform.
The Labor Department's determination to move ahead with the fiduciary rule in spite of others' grave misgivings has left us with no other choice than to bring this issue before a court of law.
Deputy Assistant Secretary Timothy Hauser was scheduled to participate but abruptly backed out late last week, after the Insured Retirement Institute joined a lawsuit seeking to vacate the rule.
If a firm's transition to the Best Interest Contract Exemption is done using paper contracts and disclosure forms, it could be costly, difficult and risky to manage.
More than 30,000 non-traditional ETF transactions, totaling approximately $1.7 billion, were carried out by Oppenheimer representatives, according to the regulator.
These ideas for programs could significantly reduce the complexity of advisers' jobs.
Don't be too proud to try out different approaches to uncover what works
Deputy assistant secretary Tim Hauser said the Labor Department has room to adjust the rule if problems arise.
By taking five steps, firms and their advisers can make sure they have addressed the corporate culture indicators on Finra's radar.
If the industry was really serious about getting rid of rogue brokers, it would do more both individually and through Finra.
The U.S. senator raised doubts on Thursday about whether the financial industry can police itself.
Advisers and firms must clearly reference and link to regulator's search tool on their websites.
