Ex-Rep Says He Stole $1.6M From Clients
The former advisor has pleaded guilty to stealing from a family that owned three trusts that he managed.
Can an Algorithm Assess Investors’ Complex Financial Needs?
“The future of financial advice is bionic,” CEO David Siegel of Investopedia said.
Moody’s Turns Negative on Outlook for Global Asset Managers
Business conditions for asset managers are at an "all-time low," says Moody’s Managing Director Marc Pinto.
Fee Compression, Compliance Are Top Concerns for Advisors: SEI Survey
Only 11% of the advisors surveyed are ready for the implementation of the DOL fiduciary rule in 2017.
CANNEX Brings Greater Transparency to Annuity Market: Top Portfolio Products
In other product news, Invesco and iShares expand their ETF lineups.
Why RIAs and IBDs Favor ETFs Over Actively Managed Funds 4 to 1
The increased flows into ETFs are due to many factors including the DOL fiduciary rule.
Which Robo-Advisors Are Best? To Find Out, an RIA Invests in Them
Condor Capital, a New Jersey-based RIA, invested in about a dozen robo-advisors to measure their comparable performance.
Citizens Financial to Start Robo-Advisory Platform With SigFig
The Royal Bank of Scotland is partnering with SigFig to launch a robo-advisor platform next year.
A Trump Repeal of the DOL Fiduciary Rule? Not So Fast
Advisors and broker-dealers on a Nasdaq-sponsored panel recommend that advisors not count on a repeal of the rule anytime soon.
Financial Services Explained, Pt. 3: The Levels of Independent Advice
In this post in our series, an explanation of the different affiliation models of professional advice-givers, aka advisors.