The timing of those questions, such as 'are you a fiduciary?' is not great for advisers relying on the DOL’s temporary enforcement policy until Dec. 20, the compliance deadline for the new rules, one lawyer said.
The surge in activity following the pandemic-induced lull is winding down as M&A returns to normal, according to DeVoe & Co.
D.R. Saur Financial will be integrated into Beacon Pointe’s Plano, Texas, office.
The deal, which is expected to close this summer, pushes Akron, Ohio-based Sequoia's assets under management over the $7 billion mark.
Martin Silver of International Investment Group in Long Branch, N.J., will pay penalties to be determined.
After adapting on the fly last year, financial advisers are embracing virtual internships as a more efficient way to train and recruit talent.
Lisa Quadrini moves to Brandywine Oak Private Wealth in suburban Philadelphia.
Shone Wealth Management, based in Walnut Creek, California, serves about 300 client households.
Surveys of investors and financial advisers show a disconnect between what investors want with regard to environmental, social and governance strategies, and what most advisers think their clients want.
The record deal volume in the first quarter is being attributed to multiple factors, not the least of which is President Joe Biden's threats to hike capital gains taxes.
Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.
The deal will add more than $1 billion to Beacon Pointe's assets under management.
With $600 billion in assets under advisement, Captrust has appointed a head of wealth management to lead the growing $24 billion under management business.
He was suspended by the Certified Financial Planners Board of Standards in 2013, and was barred by the Financial Industry Regulatory Authority and the Pennsylvania Department of Banking in 2015.
The company's new Retirement Select service is competing against state-sponsored auto IRAs, and it comes as other firms are exploring the pooled-employer plan market.
The TDA Retirement Plan will be closed to new clients at the start of next month, with business instead going to Schwab’s Retirement Network for Advisors, a company spokesperson said in a statement.
Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.
Chris Burns is facing mail fraud charges from an alleged scheme that defrauded dozens of clients of more than $10 million. "It’s time," Meredith Burns said in a TV interview. "He needs to be brought in for these crimes."
The acquisition market for broker-dealers looks like it is perking up as broker-dealer networks owned by private equity managers continue to hunt for assets. Year-to-date there have been four broker-dealer transactions totaling $65 billion in assets.
ETFs expected to make up a growing share of investor portfolios in the year ahead, according to Charles Schwab & Co.’s ETF Investor Study.
