Biden’s executive order could ease adviser moves, but limit mega-mergers
While the executive order is designed to promote competition in the economy, the Securities and Exchange Commission will likely need to get involved for it to have a direct impact on the advice sector.
An executive order President Biden signed Friday afternoon could make it easier for financial advisers to switch firms and harder for financial institutions to merge.
The executive order is designed to promote competition in the economy and encompasses 72 initiatives across a dozen federal agenci
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