Top Portfolio Products: AssetMark, Fi360’s New Tools to Help Advisors With DOL Rule
In addition, Vestmark unveils a new robo platform and Envestnet to integrate with MoneyGuidePro.
TD Ameritrade, TD Bank Said Near $4B Scottrade Deal
Deal would combine two of the largest online brokerages; Scottrade now works with about 1,000 RIAs.
Advisor Top-of-Mind Index: Volatility, Election, Fed
Advisors in Eaton Vance survey said "protecting wealth from market volatility" remains their top concern.
SEC Enforcement: Advisor Charged With Failing to Disclose Conflict of Interest
VCAM’s founder will be barred from the securities industry for two years. Also, Bank Leumi is charged with conducting cross-border business in the U.S.
FINRA Blasted for Not Fixing ‘Broken’ BrokerCheck
PIABA, a group of lawyers who represents investors, says that FINRA wasted money on TV advertising pushing its “flawed” system.
Schwab Profits Soar 33%, Beat Estimates: Q3 Earnings
The firm’s robo-offering now has $10.2 billion in assets, and its pre-tax profit margin topped 41% in the latest period.
SEC Launches New FINRA Inspection Team
FINRA and Securities Industry Oversight group, headed by Kevin Goodman, chief of the agency’s BD exam program, “is now up and running,” says SEC.
Psychologist Offers Advice for Clinton, Trump to Improve Debate Performance
Before Wednesday’s debate, Dr. Alden Cass, a clinical psychologist who assists financial advisors, addresses the candidates’ behavioral weaknesses.
Sen. Warren Urges Obama to Fire SEC Chief Mary Jo White
Warren says White is not addressing “pressing matters of compelling interest to investors and the public.”
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.