SEC’s Top 3 Enforcement Priorities
Stephanie Avakian, co-director of enforcement, said the agency is trying to be “more strategic,” expanding the use of digital analytics in investigations.
Lessons for Advisors From a Bus Tour
The American Century/Investopedia tour, covering six cities in five states, found that advisors should focus more on financial planning than portfolio management to attract clients.
LPL Says Retention of NPH Reps at 70%
If it hits 72% of fees and commissions, the IBD will need to pay up to $123 million more for its acquisition.
Securities America Nabs $1.7B OSJ From National Planning Corp.
Two Ladenburg Thalmann-owned BDs have landed billion-dollar groups.
American Portfolios Rolls Out New Tech Platform at Conference
The independent broker-dealer says HomePort now serves as the base for its proprietary and integrated web services.
SEC Creating Searchable Database of Bad Brokers
The site “will be particularly valuable” for spotting fraudsters who have been stripped of their registrations, SEC Chairman Clayton said.
Fired JPMorgan Wealth Manager Gets $1.1M
Verdict comes after eight years of delays and appeals; bank lawyers plan to ask judge to set verdict aside.
Under Pressure, LPL Cuts Fees on Corporate RIA Platform
The news comes on the heels of more departures of reps acquired from LPL's purchase of NPH.
Wells Fargo Finally Launches Its Robo-Advisory Service
Intuitive Investor is available for clients with a minimum $10,000 in assets for a fee of 50 basis points.
Number of Advisors Going Indie Up 75% Since 2012: Schwab
Schwab Advisor Services analyzed SEC registration data to determine the number of advisors who entered the independent space.