Boomerang: Will FINRA Oversight Force RIAs to the Next Level?
Mark Hurley's prediction that the RIA community will consolidate into 40 to 50 mega-firms may be effected by FINRA taking oversight of advisors. Maybe that's not a bad thing?
Are Ketchum’s Arguments for SRO the Best FINRA Can Come Up With?
My response to reading the FINRA chief’s testimony before Congress on advisor SRO: Really, dude?
FINRA Hits Back in Battle Over Advisor SRO
FINRA is now refuting a review, done by Boston Consulting on behalf of several investment advisory trade groups, that challenged FINRA’s cost estimates in assuming an SRO role.
Bachus Reintroduces SRO Bill
House Financial Services Chairman Spencer Bachus reintroduced in late April his draft bill calling for a self-regulatory organization (SRO) for advisors.
Some Questions—and Answers—on the Spencer Bachus SRO Bill
Some of the answers: FINRA is the only viable option that has been identified as an SRO and, as Mercer Bullard commented, "the bill would impose a tax on small advisory businesses...and mainstream investors they represent."
Advisor Groups Refute FINRA’s Cost Estimates for SRO Role
The Boston Consulting Group released Thursday a review refuting FINRA’s cost estimates in assuming the role of an SRO for advisors, saying it underestimated costs and overestimated productivity.
NAPFA Names Ron Rhoades Chairman
On opening day of the 2012 NAPFA annual conference in Chicago, outgoing chairwoman Susan John named Ron Rhoades to succeed her as head of the fee-only planners group.
FINRA Releases Its Cost Estimates in Assuming Advisor SRO Role
FINRA has released an estimate of what its start-up and ongoing annual investment costs would be should it become the SRO for advisors—an estimate far below projections released by the Boston Consulting Group.
Bachus, McCarthy Introduce SRO Redraft
House Financial Services Chairman Spencer Bachus reintroduced on Wednesday his draft bill calling for an SRO for advisors—one week after industry sources told AdvisorOne that an SRO bill was imminent.
Worried Mutual Fund Leaders Ask: Are We the Auto Industry of Finance?
“The relationship with the advisor as opposed to the product provider has become much more important to investors,” said Boston Consulting Group's Gary Shub during his MFEA talk.