Although AUM fees still dominate, other models — such as planning, subscription, monthly and hourly fees — are gaining traction, according to IN's goRIA panelists.
The broker-dealer self-regulator highlighted a recent government advisory about a ransomware attack and told member firms to brush up on Finra's guidance on the topic from last December.
While the SEC is working to put teeth into Regulation Best Interest, questions remain about how it’s working in practice.
Legislation introduced this week would restructure the agency and remove Gensler from its helm. Two subcommittees will grill agency officials on Thursday.
Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.
The regulator is seeking public comment on a concept proposal that would require member firms to maintain sufficient cash and assets to meet obligations during times of stress.
The Insured Retirement Institute is hoping Congress has an appetite for more retirement savings legislation following the SECURE Act and SECURE 2.0.
The policies of most interest to financial advisors, such as expiring estate tax breaks, could come up later in the year in negotiations over a bipartisan bill.
The SEC wants advisors to disclose whether the person who's touting them is a client, is being compensated or has any conflicts of interest.
The Investment Adviser Association and SIFMA say a proposed 30-day requirement is too short. But Better Markets says it should be shortened to 14 days.
