SEC’s Lack of Fiduciary Action Is Hurting Investors, Advocates Warn
In a letter to the SEC, a coalition provides evidence that advice to retail investors under a suitability standard is harmful.
The Pros and Cons of AUM or Flat Fee Compensation for Advisors: Part 2
Is charging flat fees for advice really the “wave of the future,” or is it a recycled idea that gained little traction in the past?
CFA vs. CFP: Really?
As if fiduciary CFPs didn’t have enough obstacles to overcome, now they’re getting criticized by CFAs (well, one CFA at least).
Does the independent advisory industry really need another study?
LPL, Commonwealth Grab Advisor Teams
The two IBDs trade affiliated teams based in Minnesota and Iowa.
Schorsch Snaps Up J.P. Turner as Buying Spree Continues
But being both a broker-dealer and a product distributor can be a "hot potato," says IBD recruiter Jonathan Henschen.
Schorsch’s RCAP Grabs Cetera, Aims to Catch Up to LPL
Nicholas Schorsch could barely contain his enthusiasm about the deal, which brings his BD empire to about 8,900 advisors with $190 billion in client assets.
Dos and Don’ts of Wooing Lawyers and CPAs for Client Referrals
At Loring Ward conference, Mike Maslansky explored the right, and wrong, ways to get referrals from other professionals, i.e., those valuable "centers of influence."
Hidden Treasure: Aligning HNW Clients' Insurance Needs
One of the ways the high-net-worth choose to spend their money is on artwork. However, the value of individual pieces and whole collections can fluctuate wildly.
SEC Enforcement: ‘Trader’ Bilks Elderly Investors to Pay Mortgage
Other recent targets of SEC actions were an oil services company fined for bribing foreign officials and a penny-stock financier.