Commission spells out activities it will focus on during exams.
Silicon Valley startup also raises $35 million in funding from venture group.
Broker-dealers are no longer considered a necessary step on the road to RIA, says Bernard Clark, head of the adviser services division at Charles Schwab.
Morgan Stanley will reduce payouts to low-performing experienced brokers, expand awards for hitting performance targets and enhance bonuses for increasing lending, according to details of the plan confirmed by <i>InvestmentNews</i>.
In 2014, SEC officials expect to take a 'swipe' at the group of about 4,000 RIAs that have never been examined before, but critics are skeptical. It's no game of gotcha, the agency's compliance chief says.
Certain clients will be entitled to get back a quarter's program fees.
But only the temperatures are negative, as advisers shrug off nasty weather and get to work.
Aubrey Lee Price went missing in June 2012 after revealing private-placement losses in a cryptic letter. He has been found alive. Trevor Hunnicutt reports.
A robo-adviser is expanding its footprint into fee-based portfolio management for the first time, further heating up a battle among startup companies looking to corner the market on automated investment advice for the masses.
