The proposal also seeks to designate RIAs as “donor advisors,” subjecting them to excise taxes.
The SEC and the Treasury Department want to require advisors to step up their anti-money-laundering efforts.
The U.S. Justice Department has been focused on stamping out fraud and misconduct in the crypto industry.
Advisors need to understand their clients on a deeper level than just their assets.
The Barnes Group and the Pollard Team manage a combined $900 million in client assets.
Industry veteran Jon Patullo has spent more than two decades in the advisor technology space.
The Association of African American Financial Advisors said the rule could cost Black advisors clients and jobs.
Companies and advisors who breach the fiduciary rules also face excise taxes and possible class-action suits.
John Masanotti Jr. spent client money on home mortgages, luxury cars and country club expenses, prosecutors said.
Executives need to know that asking for stock options as part of their compensation is not taboo.
The acquisition of the Kirkland, Wash., firm expands Edelman's footprint in the Pacific Northwest.
The rule is more vulnerable than a similar Obama-era edict that was overturned by the courts, the financial industry law firm says.
The acquisition of management-owned Envoi of Minneapolis is expected to close in the third quarter.
The Glaser Group of Nashville, Tenn., is led by Louis Glaser with his two sons as vice presidents.
Here's a framework to help wealth managers move up the hierarchy of success
Crown Capital Securities of Orange County manages $6.5 billion in assets.
Investors in small retirement plans and those who roll over into annuities will reap the greatest savings, researchers found.
The company targeted older conservatives and people with 401(k)s, IRAs and other retirement accounts, the agency said.
Multiple clients of Michael Gerard Gravelyn said they had not signed policy applications.
The advisors contend they were victimized by the failed bank.