Proposal would require brokers working with IRAs and other retirement accounts to act in their clients' best interests, increasing the number of financial advisers who are deemed fiduciaries.
Using an anecdote critical of VAs, Thomas Perez says most people are better served by simple investments.
Firms need a committed online strategy and must ensure the message matches the media.
Douglas S. Swanson will step aside, starting Oct. 1.
Wells Fargo Advisors picks up a Florida adviser with nearly $2 billion and UBS snags a four-person team in New York.
Advisers David La Placa (pictured) and Jay Casey, founded Intellectus Partners after managing some $3.2 billion at Deutsche Bank. They've jumped ship to start their own firm.
Exams add scrutiny to an industry debating proposals that brokers act in client's best interests.
Make these your biggest months by staying connected with clients and actively look for opportunities to engage with new prospects.
Despite increasing options in the independent space, majority of adviser moves are still among the big four.
In an average move, about 20% of client money stays at the old firm.
Study estimates that between 12% and 20% of long-term packages signed after 2008 mergers will expire annually over the next four years.
SEC will require brokerages to include a 'readily apparent reference and hyperlink' to the database on home pages and broker profiles.
Annual IAA and NRS study finds a 4.3% increase in the number of adviser jobs.
Broker-dealer also agreed to pay $950,000 as part of a settlement with Finra over allegations of improper sales of unregistered penny stocks and anti-money-laundering supervisory lapses.
The hires are part of the firm's broader plans to seek out high-quality financial advisers.
After a disappointing 2014, intermediate-term bond managers have found their footing.
Administrative law judge rules against the agency in closely watched case over disclosure of Fidelity payments for mutual fund sales.
In a world of instant information, available everywhere, investors increasingly expect something similar in communications from their advisers.
With Vanguard Personal Advisor Services already at $21 billion in AUM, Charles Schwab Intelligent Portfolios just crossed the $3 billion mark — ahead of Wealthfront and Betterment.
