Law firms representing the plaintiffs cite fiduciary failures in moving to in-house funds and high fees for record keeping and managed accounts.
Up until recently, major global firms had happily ignored independent advisers for decades.
Factors driving the expansion in fee-only advisers include clients' and prospects' interest in having an adviser who's a fiduciary and advisers' interest in having a simpler story to tell clients.
Seattle-based Laird Norton Wealth Management is working with Calvert and Parametric to design to equity strategies that emphasize social issues.
Record highs for B-Ds in profits, revenues and assets give the industry much to be cheery about.
The tally is one more sign that there's increasingly little room in retail brokerage for small or midsize firms.
Partisan differences will hamstring legislation, as Democrats stress investor protection and Republicans focus on protecting innovation.
The acquisition marks the third deal for ComplySci in the fourth quarter, in the wake of a strategic investment from K1 Investment Management, a private-equity firm focused on enterprise software companies.
The SEC chairman's comments were the strongest signal to date that he'll push for much tougher rules for special purpose acquisition companies.
A duo from LPL and two Wells Fargo reps are affiliating with the firm’s independent unit.
Humanity Wealth Advisors sets up shop in California’s Bay Area.
It’s effectively a new market for the retirement plan industry, but it’s an incredibly big frontier.
A full 25% of Gen Z respondents in a new survey say they plan to retire before the age of 55.
Climate-focused investors shouldn't take corporate pledges at face value. Distant timelines, reliance on unproven carbon renewal technologies and an emphasis on the 'net' side of the equation are ways for companies to get a PR boost while avoiding the hard work of real emissions reduction.
Finra found that for 17 years, the firm failed to store 13 million customer records in the required format.
Except for a big investment in real estate, there wasn't that much divergence, a recent survey found.
While 'retirement plan adviser' has been a good description of those who serve ERISA retirement plans, it's actually quite limiting to focus on the plan, rather than the participant.
Medicare high-income surcharges combined with higher Medicare premiums will take a bigger chunk of retirement benefits in the new year.
The bank has launched a number of new credit cards this year, including a low-interest-rate card, and plans a rewards-card line next year.
Rinet executive says $2.2 billion in AUM is no longer enough to be competitive in the fast-consolidating RIA market.
