Advisor Gets 2 Years in Prison for Cherry-Picking Scheme
By Melanie WaddellSEC 10b-5 charges to allow for criminal prosecution appear to have influenced the decision.
June 23, 2017
Financial Advisor Performance Data Is Biased, Many Investors SaySome investors compare advisor reports to a school report card written by the student, Phoenix Marketing says.
June 22, 2017
Raymond James, Dynasty Add Big Wirehouse Teams: Recruiting RoundupMeanwhile, Cetera attracts a group with 55 indie advisors in Southern California.
June 22, 2017
How to Avoid Failure to SuperviseSupervision is one of those compliance buzzwords that gets tossed around like its meaning is obvious. I submit to you that it is not.
June 21, 2017
Should You Outsource Your Investment Management?Depending upon which studies you look at, somewhere between 25% and 50% of all advisors outsource some or all of their investment management functions.
June 21, 2017
Board to Death: Is the CFP Board’s New Fiduciary Standard Really Better Than No Standard at All?Back in 2008, the CFP Board announced that it was revising its professional standards to include a requirement that CFPs act as fiduciaries for their clients.
June 21, 2017
Industry Needs to ‘Modernize’ to Accept Smaller Investors: SchwabWealth is more than "a specific sum of money" to many Americans, and the industry needs to adapt to accept this, Schwab execs say.
June 21, 2017
Socially Responsible Investing Starts With the Bottom LineAs mission-focused investing becomes more popular, advisors need to use a financial screen first when looking at potential investments.