Clients are being advised to build up their cash positions, reduce equity risk and load up on high-quality fixed income.
Laidlaw & Co., with eight branch offices and 75 registered reps, was fined $200,000, according to Finra.
What the numbers say about advisory jobs in a potential downturn, according to an InvestmentNews Research analysis of Bureau of Labor Statistics data.
As long as wealth management firms can continue to attract and retain knowledgeable and empathetic individuals, financial advisors should always have a job.
Two types of worrisome trends emerge in the app landscape that financial advisors must watch out for.
A relatively smoother ride in the financial markets this year should allow advisors and their clients to breathe a sigh of relief.
South Dakota-based Reinke Gray Wealth Management is the first to join NewEdge using the new model.
Many Black Americans have been smarter about planning for retirement than most studies indicate.
The robo-advisor is also reportedly closing its Philadelphia office and subleasing a floor of its New York City office.
The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.
The primary reason RIA principals continue to run their own shops, rather than cashing out or offloading day-to-day responsibilities, has to do with fear.
But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'
Dattomo, a longtime executive for medical associations, takes over from Geoffrey Brown, who departed NAPFA in November to become CEO of the Illinois CPA Society.
Finra's action against Long Island Financial Group is yet another indication of its dissatisfaction with the industry's implementation of Reg BI.
New and expanding programs are crafting on-ramps for traditionally underrepresented investors to the world of private equity and venture capital.
A survey by Bankrate.com found that more than half of those polled viewed financial infidelity as worse than physical infidelity.
Investors will be able to see whether a brokerage has been flagged for having a history of misconduct or employing a number of reps with disciplinary violations.
But the deal raises the possibility other firms may go after the Securian advisors; Cetera and LPL have faced off in the past over recruiting advisors amid an acquisition.
The 35-year-old co-founder of AdvicePay and XY Planning said he got the AdvicePay board's blessing late last year to make the transition.
As firms increase in size, client referrals represent a declining percentage of new assets, while marketing accounts for a greater percentage.
