Some RCAP Sales Agreements Reinstated; Schwab, Fidelity Ease Ban
RCAP says that 70-plus selling agreements “have been reinstated to date.”
DC Plan Sponsors Focus on Fees
Two studies released by Cogent Wealth found an increased focus on fees in defined contribution plans.
Morningstar to Provide Equity Research, Ratings to Schwab
The partnership will give Schwab access to Morningstar's global equity analyst reports and ratings.
Cetera Strikes IPO Investment Deal With JMP, Expands Tech Ties With Broadridge
The group's 9,700 advisors will be able to offer retail clients access to initial public offerings and its financial-institution clients more self-clearing capabilities.
Hedge Funds Buoyed in First Half by Private Wealth Allocations
Hedge fund managers may be feeling competitive pressure for investor assets, but their fundraising is thriving.
SEC Approves Tighter Money Fund Rules on 3-2 Vote
Among the changes approved by a split SEC: a floating NAV for prime money market funds.
Reality Bites: Busting the Myth of Financial Planning
The founders of "financial planning" made a mistake: they focused on the wrong thing.
Flat Fees or Fees on AUM, Take 4: The Sweet Smell of Success
The many comments on my last blog raise new questions, and suggest new answers, on which fee structure is better for clients and advisors.
Alternatives to the Rescue?
The Frenchman Jean-Baptiste Alphonse Karr must have been thinking about something besides finance when he mused that “the more things change, the more they stay the same.’’
LPL Scores $1.2 Billion Hybrid RIA
The Householder Group, which has about 40 offices and 50 advisors, becomes the latest affiliate of the IBD.