State securities regulators are upset over what they say is a plan by the SEC to drop a shared system that has gathered
information on RIAs and made it available to the public.
Broker-dealers and financial advisors say they're satisfied for the most
part with the overhaul bill passed by the Senate and are now gearing up
to help shape the changes.
Traditional e-brokers aren't likely to lose their most-prized
customers--active traders--to Bank of America Corp.'s new Merrill
Lynch online brokerage.
by Bernie Clark
RIA firms estimate that they'll see 15% revenue growth this year. An emphasis on efficiency will free principals to go after new business again.
by
Dorothy Hinchcliff
It's not just clients who don't understand what people who hold
themselves out as financial advisors are obligated to do for them. A new
survey shows that many advisors are confused, too.
Financial advisors are typically lured to new brokerages with generous
promises, but promises don't buy happiness. Contracts do.
by Evan Simonoff And Eric Rasmussen
Building an in-house business consulting group, Derek Bruton is trying to help advisors at LPL adapt to the Darwinian
business climate.
FInra is seeking to expand its
oversight of securities professionals to back-office workers who provide
sales and trading support and handle investor assets.
Does the world need another mutual-fund screener? Not if it behaves like
all the others. But this RIA offers some fresh ways of looking at investments.
Fidelity Investments is once again shuffling its top management and
perhaps bringing more clarity to the mutual-fund and brokerage company's
succession plan.
Two financial advisors and their firm must pay nearly $1.9 million after being accused by the advisors' former employer of allegedly breaching their contract and stealing trade secrets.
by Joel Bruckenstein
Charles Schwab Advisor Services today announced Project C, a broad
initiative designed to help advisors increase the scale and efficiency
of their practices.
A deep recession and market meltdown didn't stop independent registered
investment advisors from experiencing growth since 2007-in terms of assets, market share and net-money flows.
by Bill Bachrach
A lack of fiduciary standards for the industry means that you have a competitive advantage when you put the client first.
Wells Fargo may begin recruiting independent registered investment advisors.
Schwab Advisor Services is once again accepting custody of new
alternative investments such as shares in hedge funds and private
equity.
Advisors are finding that clients anxious to take advantage of loosened
rules on Roth IRAs aren't anticipating a possible consequence-losing
financial aid for their college-age children.
