SEC Investor Committee Issues Fiduciary Plan
The Investor Advisory Committee hopes that "we can help to shape the form that commission rulemaking takes," says Barbara Roper.
The Odd, Mixed Messages From FINRA on Risk Tolerance and Suitability
FINRA’s new, and unusual, definition of risk tolerance and the inconsistency between that definition and the views expressed on the SRO’s website are not helpful to advisors and investors.
State Securities Regulators to Hike Exam Fees for Series 63, 65 and 66
Despite increased costs of maintaining the exams, NASAA says the exam fees have not increased for the past four years.
New Hire Roundup: Former COO Nides Returns to Morgan Stanley
This week in new hires, Tom Nides rejoined Morgan Stanley, Rob Brown went to United Capital and Vanguard announced several investment management changes.
Clients With Benefits: How to Protect Against Would-Be Moochers
One of the downsides to running a personal service business is that friends and relatives often expect a discount.
New Hire Roundup: Putnam Names New GAA Leadership Team
This week in new hires, Putnam announced a new leadership team for its global asset allocation organization, and Steve Antonakes became acting deputy director of the Consumer Financial Protection Bureau.
Want Differentiation and Success? Advise 401(k) Plan Participants Directly
Forget the current focus on building a 401(k) business at the plan level; there is much more satisfaction and career fulfillment providing advice to plan participants.
Finding Safe Harbour: How a Small BD Is Doing It Right
“We don’t think we’re any smarter than anybody else,” David Rosenow humbly began. “It’s just maybe we’re better listeners at times.”
Investors Cap Reports Profit on Growing Sales
The independent broker-dealer has about 450 advisors with $8 billion in assets under management
Envestnet Brings Holistic Wealth Management Platform to Symetra
Envestnet co-founder Jim Lumberg says the ability to see held-away client assets is a business-building opportunity for advisors.