Enforcement Roundup: Ex-CCO Sues Over ‘Defamatory’ Form U5
In another action, the SEC charged five offshore entities with offering and selling unregistered penny stocks.
Senators Introduce Retirement Security Act Focused on Small Business
“This Congress could make real strides in expanding opportunities for small businesses to provide retirement programs,” says ASPPA's Miller.
Online-Only Banking a Boost to Emerging Markets
The launch of Tencent’s online-only private bank venture, WeBank, has highlighted a new area of expansion for companies in China and emerging markets in general.
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.
Raymond James Adds 8 Advisors; Margaret Towle Joins Merrill
RJ adds advisors from largest credit union in Oregon, while Wells Fargo adds reps in Connecticut and Texas. Towle, formerly of HighTower, joins Merrill.
6 Secrets to Becoming a Billion-Dollar RIA Firm: aRIA
The Alliance for RIAs has released a detailed outline on how independent financial advisors can reach and surpass $1 billion in AUM.
The ERISA Mystery
ERISA is a complex law and advisors are still confused about it.
New Hire Roundup: Vanguard’s McNabb to Serve Additional Term at ICI
Meanwhile, Dynasty Financial Partners announced a new partnering with Nova Wealth Advisors.
How Do Wealth Firms Stay Efficient?
A SunGard study asks leaders how they grow in the face of rising operating costs and regulations.
NFL's 49ers Strike Deal With Robo-Advisor Wealthfront
Team will pick up advisory fees on first $100,000 invested by front-office employees and former players, to whom Wealthfront will provide financial education.