SEC Issues No-Action Letter on Advisors’ ‘Imputed Custody’
By Melanie WaddellLetter is a significant development that should bring much-needed clarity to advisors, said IAAs Grossman.
February 17, 2017
Lincoln Financial, AIG Launch Fee-Based Annuities: Top Portfolio ProductsIn other product news, Tortoise, IndexIQ and First Trust launch new ETFs.
February 16, 2017
California Regulators Check 1% of BDs, Investment Advisor Firms: ReportLess than 270 exams took place in the 2015-16 fiscal year, according to the state's Department of Business Oversight.
February 15, 2017
New Robo-Advisor Targets Minority CommunitiesFinhabits is focused on minority clients because many Latinos and African-Americans don't have retirement funds, says founder Carlos Garcia.
February 15, 2017
First Republic, FiNet Grab Reps From Rivals: Recruiting RoundupA UBS advisor moves firms in SoCal, while two registered reps with LPL and Edward Jones join Wells Fargo Financial Network.
February 15, 2017
Acquired RIAs Have Become Acquirers: Dave DeVoeM&A expert says it was a "breakout year" for sub-acquisitions amid record dealmaking among RIAs.
February 13, 2017
Growing RIA Grabs $160M Group in SoCalMercer Advisors says this is its sixth deal over the past 12 months; it has $9.6 billion in client assets.
February 10, 2017
SEC's Top 5 Advisor Compliance FailuresAn OCIE alert highlights the top deficiencies found in advisor exams.