Recruiting Roundup: Ameriprise Adds UBS Rep, RBC Taps Complex Chief
Deutsche Bank Wealth Management expands executive team by hiring Credit Suisse managers; more.
Court Ruling Likely to Increase CFPB Accountability
Experts sorting through what the future looks like for the CFPB.
Questions Lurk Over CFPB and Navy Federal
Following a consent order against Navy Federal, experts address questions about the $77B CU’s collections practices.
SEC Imposes ‘Sweeping’ Liquidity Rules for Mutual Funds, ETFs
In what Mary Jo White called a “transformative” change, funds will need to report to the Commission on their holdings.
Zacks Rolls Out Actively Managed Robo-Advisor
Zacks Investment has launched an actively managed robo-advisor that uses its own research, ETFs and a tech platform developed by Schwab.
Lots of ‘Noise,’ Not Enough ‘Businesses’ in Advisor Space: FP Transitions’ Grau
“What worries me is that 95% of the independent space” is made up of these “books” and “practice” models, Grau told NAPFA attendees.
Advisors Getting More Clients Via Social Media: Putnam Investments
Over the past three years, the percentage of financial advisors reporting success in gaining clients via social media rose from 49% to 80%.
Coordinate Retirement Withdrawal Strategies to Generate Most Income
Advisors can “raise the bar” on Social Security advice by coordinating clients’ account withdrawals and claiming strategies.
Wells Fargo CEO Stumpf Steps Down
After fallout from fake-accounts scandal, John Stumpf said that he “believes new leadership at this time is appropriate.”
Deutsche Bank to Pay $9.5M SEC Fine on Research Report Failures
Deutsche Bank Securities agreed to pay a penalty for failing to safeguard material nonpublic information generated by its research analysts.