FINRA Launches Helpline for Seniors
"Older investors are only a phone call away from getting help with questions or concerns they may have regarding their investments," says FINRA's Axelrod.
BDs Fall Short on Protecting Seniors: SEC, FINRA
Report finds some BDs are recommending unsuitable products to seniors and could be violating FINRA’s communications rules.
How Clearing Firms Embraced Innovation
A tougher, revamped clearing industry pursues its high-tech future.
In Retirement Planning, Knowledge Doesn’t Always Lead to Action
In a retirement readiness index from Voya, retirees scored a little higher than workers, but both groups show room for improvement.
Morgan Stanley’s Dhanda Named to New Role in Wealth Unit
He replaces Andy Saperstein, who is becoming co-COO of institutional securities.
LPL Financial Promotes Compliance Chief to Managing Director
Sharyn Handlesman has been with the indie BD, which had regulatory charges of $36 million last year, since 2010.
Sustainable Investing Accounts for 30% of Managed Assets: Study
GSIA reported that global sustainable investing assets rose 61% over two years.
No, New Broker Rules Won't Strand Investors
In opposing DOL's proposed fiduciary rule on retirement advice, Wall Street is really arguing it would be too costly to provide non-conflicted advice. That's different from saying the rule would harm lower-income savers.
Are Investors Biased Against ‘Foreign Sounding’ Money Managers?
Study shows funds managed by people with more familiar, American-sounding names bring in about $133,000 more in fees annually.
Consumers Prefer Banks, Credit Unions to Brokerages 9 to 1
Investors who purchase investment products through their bank or credit union keep those products longer, an LPL study found.