A new working paper by business school professors at the University of Chicago and University of Minnesota also found that industry-wide 7% of financial advisers have been disciplined for misconduct.
It is no secret that financial giants like Charles Schwab and Vanguard Group have disrupted the robo-adviser industry. Just look at their assets under management.
Despite it being unlikely that two SEC nominees get confirmed anytime soon, the regulator must not hesitate in getting on with its important mission.
Advisers like David Adams, who works predominantly with musicians and entertainers, must march to a different drummer to succeed with celebrity clients.</br> <b><i>(More: <a href="//www.investmentnews.com/gallery/20160214/FREE/214009999/PH/9-tips-for-advisers-looking-to-work-with-celebrity-clients"" target=""_" rel="noopener">9 tips for working with celebrity clients</a>)</b></i>
TD Ameritrade Institutional President Tom Nally is urging financial advisers to help restore the industry's reputation with investors amid heightened regulatory scrutiny of the wealth management industry.
<i>Breakfast with Benjamin</i> Professors take it to the advice industry with a new paper charging economy-wide adviser misconduct.
The alternatives platform's collapse underscores the concept that when something looks too good to be true, it probably is.
Combined business will have about $13 billion in assets under advisement.
GYL joined Focus Financial's network this month as it seeks to expand through acquisition.
All you have to do is pass the Uniform Investment Adviser Law Examination and answer 72% of the questions correctly
Senior columnist Bruce Kelly says the agency going after conflicts of interest means closer scrutiny of RIAs and their businesses.
The custodian attracted RIAs with $19 billion in AUM in 2015, its best year ever.
Advisers choosing models with the most support forgo up to 25% of profits.
Investors should brace for a tough year in U.S. equities as a presidential race dominated by political outsiders will only compound market anxiety over slumping oil and a slowing global economy, according to Wells Fargo & Co.
What the state of adviser recruiting might look like in 2016, from the wirehouses to the independent space
His mother's early death and a critical illness of his own contributed to Mr. Purcell's view of the world and the way he leads his firm's 3,200 professionals.
I shared a cab ride with Jay Jay French, founding member and guitarist of Twisted Sister, which is celebrating its 40th anniversary and last tour this year.
Advisers are focusing their energies on managing investment expectations and trying to stifle panic during market gyrations.
The industry's proverbial war will be won by advisers who understand the power of technology.
The regulator must find a way to increase the productivity of its examiners
