What the World Needs Now…Are Client Advocates
The securities industry seems to be moving toward fiduciary client advocate advisors. Unfortunately, it looks like it will take a new professional organization to get there.
More Advisor Audits Needed—Only Not From SEC: Pitt, Schweiss
Harvey Pitt and Skip Schweiss agree: it's time to privatize advisor audits.
Hearsay Social Streamlines Social Media Compliance Platform
Hearsay Social says it’s made its social profile review, pre-approval features and automatic publishing solutions more efficient.
Some RCAP Sales Agreements Reinstated; Schwab, Fidelity Ease Ban
RCAP says that 70-plus selling agreements “have been reinstated to date.”
Morgan Stanley to Award More Bonuses Up Front
Morgan’s compensation committee agreed to defer future bonus pools at an average rate of 50% instead of 80%.
BDs’ Comments Lead FINRA to Update Communication, Gift Rules
BDs request further guidance, updates on the two rules; FINRA's retrospective review process is ongoing.
Tony Robbins Slams Critics, Says He’s Not a Financial Advisor
Supercoach Tony Robbins, who invites seminar attendees to walk over hot coals, is now raking RIAs over the coals for taking “pot shots” at him.
Washington Wealth Adds $180M Reps
The independent hybrid RIA says it has added 12 advisors in about nine months.
GOP Blasts User Fees Plan, Tells SEC to Boost Exams Now
Reps. Hensarling and Garrett give SEC Chairwoman White a Dec. 5 deadline to detail how agency will reallocate resources.
Raymond James Adds Ex-LPL Group in N.J.
Boutique wealth groups add teams in Arizona and Iowa.