In about a year from now, 21 investment advisory firms representing about $518 million of assets will be required to switch to a state registration from the one they now hold with the SEC.
Many community banks don't offer wealth-management or financial-advisory services.
The agency posted 13 technical corrections Thursday, one of which deletes six words that have caused confusion about use of the BICE.
The deal follows a collaboration the two companies established in 2009 to provide clients with investment and tax management services.
The group is led by Andrew Zimmerman, who's making a return to Merrill
The rule changes will likely result in dramatically higher fees for many smaller clients, and one bond shop is already reacting.
Finra directs the brokerage firm to pay $142,168 due to allegations of unsuitable investments and overtrading.
SEC cracks down on claiming Wyoming location but practicing elsewhere.
It's your story and the relationship you build that draws in prospects, a marketing expert told attendees at the <i>InvestmentNews</i> Women Adviser Summit in Boston on Tuesday.
Alabama, Indiana and Vermont will likely be joined by many states requiring adviser action against exploitation, while giving them immunity.
Advisers and clients often do a great job preparing the money for the family, but they fail to prepare the family for the money.
Boomer advisers must assure successors a future, or they won't stick around to help you cash out
Rick Fleming will push the agency to follow through on its review of how brokers and investment advisers disclose their fees to clients.
Advisers tried to prepare investors for Friday's wild ride as global markets digested the United Kingdom's surprising vote to exit the European Union after 43 years.
Anthony Diaz, under federal indictment for fraudulent sales of alternatives, embodies the criticisms of the likes of Sen. Elizabeth Warren.
Bank of America's brokerage unit admits wrongdoing in unprecedented <a href="http://www.investmentnews.com/article/20160623/FREE/160629959/merrill-lynch-to-pay-415m-to-settle-sec-charges-it-misused-customer">$415M consumer protection settlement </a> with SEC; slapped with two other fines the same day.
While the new fiduciary rule could be interpreted as an unnecessary compliance burden, it may also present an opportunity with regard to 401(k) accounts.
Following record MetLife fine, regulator says VAs are now at the core of their focus: complex products marketed to seniors.
