Senate Confirms Jay Clayton as SEC Chairman
Groups press Clayton to prioritize uniform fiduciary rule for brokers and advisors.
Morningstar to Offer Advisors a New Tool to Evaluate Risk: Portfolio Products
In other product news, Ivy enters the passive world with five new index funds.
The 2017 IA 25 Readers’ Choice
This year, we asked readers to weigh in on the most influential people in the advisory industry.
Frontrunners: The 2017 IA 25
Whatever is happening in the markets or in Washington, there will always be thought leaders and advocates working on advisors’ behalf.
‘No Fee Compression on Our Advisors’: Raymond James CEO
Paul Reilly discusses retention, recruiting efforts and compliance issues during the yearly indie advisor event.
SEC Fines BlackRock RIA $1.5 Million
The fine settles a compalint that the BlackRock RIA had operated a Russia ETF without obtaining the correct exemptive relief from the Investment Company Act.
New Fannie Mae Policies Help Student Borrowers Get Mortgages
The policy changes reduce the cost of cash-out refis for student loan borrowers.
Tax Cuts to Happen in ’17, but Not Reforms: Andy Friedman
Also at the Raymond James conference, CEO Paul Reilly says cuts could benefit some advisors doing business as S Corps and LLCs.
HighTower Adds $500M Group From UBS, Merrill: Recruiting Roundup
RBC gets all-female UBS team, LPL attracts hybrid group, Cetera shares board news, and Wells Fargo promotes execs.
5 Compliance Approaches That Chase Away Advisor Talent
Compliance departments often treat well-established advisors with good compliance records like teenagers.