Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
The bank pledges to accelerate restructuring through deeper cost cuts and by eliminating an additional 2,000 jobs.
One startup offers a highly unusual benefit to departing employees as a way to signal a positive culture.
Firms with formal training in business development show more growth.
Financial advice is among the least diverse industries in the country and is doing little to change its status.
As more wirehouse vets think about switching to a new model, one alternative to make the process smoother is the use of a super-OSJ group.
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
RCS Capital Corp. is still evaluating Docupace, the SEC- and Finra- compliant paperless processing system used by its retail broker-dealer network, as RCAP prepares to file for bankruptcy.
With more regulation coming, adaptability and other strong characteristics will be critical.
Plan sponsors appreciate auto enrollment and qualified default investments, but there are imperfect fits at the individual participant level.
Most clients won't know this adviser duty exists unless you take the time to tell them.
When figuring out how to best engage with clients, age is only one factor that should be taken into consideration
Some ideas on what to send to clients, and how to do it
Wealth Management President Gregory Fleming says a digital platform could attract younger clients to the firm.
As Facebook offers its workers $10,000 to move closer, other businesses face hurdles before the practice becomes widespread.
<i>Breakfast with Benjamin</i>: Smart beta was the top financial search term on Investopedia in 2015, and for good reason.
Or, how to help clients ensure their money serves them and not the other way around.
The author of legislation that would halt the Labor Department's fiduciary rule anticipates the measure will make it at least to the House floor.
Financial professionals need not fear robo-advisers, but they can't afford to ignore them
What may happen when cybercriminals target the financial advisory industry?
