Kitces on Top 3 Topics for Advisors in 2013—Topic 1: Fiduciary and SRO
First up in an intense year for advisor regulation: movement from the DOL on its fiduciary rule.
New Hire Roundup: Wells Fargo Advisors Names 3 to Key Roles
This week in new hires, Wells Fargo Advisors filled three leadership positions; Gail Graham and Stephanie Bogan joined United Capital; Jonathan Morris went to Dynasty Financial Partners; and IRI announced changes to its board.
Asian Millionaires Shun Wealth Managers
Wealthy Asians have lost confidence in not just private banks but also investment products and low returns since the market woes of 2008.
New Hire Roundup: Feldman Named Gold Bullion CEO
This week in new hires, Steven Feldman was named CEO and Eric Schwartz was made chairman of the board at Gold Bullion International, and United Capital brought in three new management team members.
Slowing Economy to Hit China Jobs; South Korean Banks Investigated for Rate-Rigging
The global economic slowdown is taking its toll in Asia, which has also proved it is not immune to financial scandal.
It’s Not Too Late to Make Your Voice Heard on SRO Bill
If you’re not in favor of having FINRA become the SRO for RIAs, join the advisor grass-roots effort to advocate with Congress against Bachus bill.
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.