Wirehouses to Keep Losing Market Share: Report
By Jeff BermanAite-Novarica Group predicts the wirehouses' share of client assets could drop from 25% in 2021 to 21.9% by 2025.
December 29, 2021
FINRA Fines, Suspends Ex-Morgan Stanley Rep for Allegedly Hogging CommissionsThe rep was one of several brokers fired by the wirehouse over alleged abuses in its Former Advisor Program.
December 29, 2021
FINRA Keeps Its Business Continuity Rule IntactThe rule "has been effective at ensuring member firm preparedness for a wide range of potential business disruptions," says FINRA.
December 29, 2021
RIA Industry Is 'Under-consolidated': Focus Financial's AdolfWhile there were over 200 deals in the space in '21, the executive says there should be more like 300 or 400 transactions a year.
December 29, 2021
New 'Birthday Rules' to Help Some Medigap Users Switch PlansThe switching periods will give agents a chance to offer some clients more options.
December 29, 2021
Vanguard's Ongoing Website Issues May Be Its 'Worst Tech Screw-up' Ever: Source"It's a nightmare. This is the worst possible time for something like this to happen," says Dan Weiner, editor of The Independent Adviser for Vanguard Investors, a newsletter.
December 29, 2021
Debate: Should Congress Impose a 15% Minimum Tax on Firms With at Least $1B in Profits?Two professors discuss the tax proposal as a means to pay for social spending in Build Back Better, and its likelihood of passage.
December 29, 2021
Why Advisors Need to Be 'Like a Quarterback': Ken DychtwaldPeople want their advisor "to get them thinking, talking and planning so they can have secure and satisfying longevity," says the Age Wave CEO.