The rule goes 'significantly beyond' suitability, and firms should give their reps the tools they need to 'identify, disclose and mitigate conflicts prohibited under Reg BI,' Gurbir Grewal said.
UBS Financial Services misreported interest paid on taxable munis, resulting in higher tax bills for clients, according to a lawsuit.
The company recently received summary judgment in the case filed against it. Another company, Wesco Distribution, won a motion to dismiss in a separate case, and tech firm PTC appears to have reached a settlement in another.
For crypto-skeptic advisers, the fact that the ban proved to be a tempest in a teapot should be a wake-up call. Crypto as an asset class is here to stay.
The applications the SEC will consider, for ETFs that hold Bitcoin futures, all follow a format that SEC Chair Gary Gensler has indicated could be received favorably by the regulator.
The Rockford, Illinois-based RIA says the infusion of capital from the private investment firm will bolster its acquisitions and growth strategy.
Tax changes are coming too, but the experts — like everyone else — await details.
The devastating consequences of a default make it unlikely to happen, advisers say. Inflation is a bigger threat.
Scottsdale, Arizona-based Integrated Wealth Management has a 10-person team.
Ullmann Wealth Partners, with $582 million in client assets, is the 28th acquisition Focus Financial Partners has made this year.
Only about 2% to 3% of all SEC-registered RIA firms are involved in a change of ownership, implying the business is quite stable, say panelists at the virtual conference.
The retirement plan sponsors that have signed on for the new service, which mixes target-date funds and annuities, collectively represent more than $7.5 billion in plan assets.
Yes, the RIA industry is growing but it's getting more complex, too, say top industry leaders, including Schwab's Bernie Clark.
RPA firms are selling at record profits, with deals flow expected to double in 2021, but it pales in comparison to the RIA market. So far, we have not seen any RIA aggregators, other than Captrust, show interest in the DC space.
The hiring will occur by the end of 2022 and will involve all four of the company's lines of business.
A report from the Urban Institute found Social Security cuts, tax increases, longer working years and higher savings levels are needed to keep retirees from funding crises in the coming years.
The firm will give the $200 awards to client associates, administrative support and operations staff who have been vaccinated against Covid and show up in the office at least eight times between now and mid-November.
Ron Harrison’s clients lost money while he collected fees based on the purported gains he made by trading options, the agency charges.
Most of 21 recruits came from Truist, Wells Fargo and Merrill Lynch.
Support from corporate executives and slick marketing is no match for rules and regulation when it comes to managing sustainable portfolios.
