SEC to Release Third-Party Advisor Exam Rule in Spring: TDAI’s Schweiss
Writing a fiduciary rule that still allows proprietary product sales is an "impossible task" for the SEC, says TDAI's Skip Schweiss.
What’s Top of Mind for Advisors Now? Technology, Recruiting Women
Female clients are not a "legitimate segment" to pursue, Ric Edelman said on a panel, but "women as advisors have been ignored" and "tend to be the best" advisors.
How to Boost IRA Rollovers as DOL Fiduciary Rule Looms and Competition Grows
If advisors want to attract more rollover assets, they need to offer “more than just money management and asset allocation models,” says Janus' Matt Sommer.
Recruiting Roundup: RBC Adds $4M Team in New York
Meanwhile, Wells Fargo, Raymond James and LPL Financial announce their latest new advisors.
SEC Said to Be Shifting Examiners to RIAs; Jarcho Named Deputy Director of SEC Exams
Industry officials expect the SEC to announce soon that it will shift more examiners to advisors from BDs.
How RIAs Put Their Firms’ Value at Risk
Many firms simply don’t prioritize value, according to a Fidelity study.
How to Kill DOL’s Fiduciary Rule: Andy Friedman
Courts don't like to give injunctions, but if opponents to the rule can get one, “the rule is dead,” the Washington Update analyst says.
How Mutual Fund Flows Put RIA Clients at Risk
Retail investors’ whims can pose a threat to RIAs' clients, dragging fund returns down about 1.5 percentage points annually, Gurtin Fixed Income Management finds.
Advisors in Pursuit of Happiness
Two hundred and forty years ago this July, Thomas Jefferson wrote that America was declaring independence in the belief that basic human rights include “Life, Liberty and the pursuit of Happiness.”
Why Clients Don’t Take Your Advice
Think you aren’t persuasive enough? Think your clients aren’t smart enough? It might just be how we’re all wired.