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Opaque business models cloud women’s way in advisory business
It's up to the industry to explain to potential recruits how advisors make a living.
Coinbase agrees to pay $100 million to settle compliance investigation
The firm is required to pay a $50 million fine and spend $50 million to improve compliance over two years.
How to avoid being the next Southwest Airlines
Here are three areas that wealth management firms should be monitoring to avoid taking the kind of reputational hit the airline just suffered.
How to scale and avoid disclosure violations using automation
The ever-growing number of items that compliance officers and teams must monitor has made tracking regulatory compliance disclosures more complicated than ever.
SEC meets strong industry resistance on advisor outsourcing proposal
Critics say the measure's due diligence and monitoring requirements for third-party providers of portfolio management and other services are unnecessary given advisors' fiduciary duty.
Finra smacked 15 firms over GPB sales in 2022
The regulator's penalties averaged $247,000 per firm, according to an InvestmentNews tally.
Do clients want to invest in sustainability? You’re asking the wrong questions
It isn't just a matter of identifying clients who are interested, but of removing whatever obstacle is keeping them from investing.
Social Security expert starts phased retirement
Mary Beth Franklin, who launched her final career phase as a weekly columnist in 2012, will continue writing a monthly column for InvestmentNews.
Finra dings Morgan Stanley $802,000 for overcharging clients
Morgan Stanley was penalized for failing to catch excess sales charges and fees from mutual fund transactions between 2015 to 2021.
Rep monkeyed around with client information to sell more GPB: Finra
Using white out and other means, the rep doctored client financial information disclosure forms, according to Finra.
Accountability for inclusion ratchets up with JPMorgan critique, Knight Foundation report
Transparency isn't always clear, especially when critics take issue with the way companies calculate accountability.
Blow by compliance while the competition dithers
Instead of viewing compliance as an obstacle, look at it as an opportunity to create messages that reach, influence and persuade more people than ever to pay you to build their wealth.
Stock pullback has more advisers diversifying away from asset-based fees
As account balances shrink in stride with the financial markets, RIAs are increasingly embracing flat-fee pricing.
Leading with intention, compassion creates a firm that attracts quality talent
When advisers are focused on the activities they enjoy, flexing their best skill set, they will win and be happy while doing it.
Aaron Judge baseball caught by adviser auctioned for $1.5 million
Cory Youmans, an adviser in Plano, Texas, snagged Judge’s historic 62nd home run of the season on Oct. 4.
Grace, rather than censure, advances inclusion
Grace and goodwill are the way to build bridges that include all.
Fintech challenged by market forces
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
Diversity imperatives snapped into focus
Accountability for fulfilling vows of diversity and inclusion has been scarce, but a spate of new scholarship and outreach programs signaled progress.
Goldman weighs cutting up to 4,000 jobs
CEO David Solomon is battling to contain a slump in profit and revenue after a costly expansion into consumer bank resulted in deep losses.
Fintech Bytes: STP acquires WealthSite, Docupace launches productivity tool kit
Plus Stifel turns to KX to enhance analytics and decision making, and digital insurance brokerage Modern Life unveils a new platform for advisers.
