SEC Fines RIA for Paying Social Media Influencers to Solicit Clients
By Melanie WaddellFundrise Advisors paid more than $8 million to over 200 social media influencers for business, the SEC says.
August 23, 2023
Vanguard's Tax-Busting Fund Design Gets a RevampTo gain access to retirement accounts, one firm wants to build ETFs that tack on mutual funds as a share class.
August 22, 2023
Joe Duran Plots a Return to RIA WorldThe ex-United Capital CEO is weighing his options and "nothing has been decided," a Duran spokesman says.
August 22, 2023
LPL Picks Up $1.5B Advisor Team From KestraWatermark Wealth Management has offices in Arizona and Minnesota.
August 22, 2023
Where a New DOL Fiduciary Rule Stands NowThe rule appears to be on track to hit OMB any day now, some observers say.
August 22, 2023
Schwab to Sell $2.35B Bond Amid Job, Office CutsIts shares fell as much as 5.2% on Tuesday, putting it on track for its eleventh straight day of losses.
August 21, 2023
Schwab to Lay Off Staff, Close Offices to Save $500M a YearThe news comes less than two weeks before its final integration efforts with TD Ameritrade are set to take place.
August 21, 2023
Grantham's GMO Files for Its First ETFUnlike index-tracking products, the new fund would be actively managed by a GMO team, according to the prospectus.