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PageOne Financial denies SEC charges that the RIA aimed to fund its own sale with commissions from advisor clients.
A federal jury found an investment advisor liable for fraud after he allegedly enticed his former brokerage clients to transfer their assets from Wedbush to his RIA practice.
The CFP Board is seeking to position itself as a guidepost to advance varied efforts to even out the gender gap in a profession in which men hold a substantial majority of positions and dramatically out-earn their female colleagues.
Advisors need to take a more active role in engaging with college and university programs to help bring more students into the workforce, said industry officials at the CFP Board's recent academic conference.
As programs struggle, Kevin Keller says new Washington planning center will help academic financial planning programs.
Planners should consider hiring younger staff, and then encouraging -- or even requiring -- junior associates to study and sit for the CFP exam and complete their experience requirements, the CFP Board says.
Increased interest from academia in offering degree programs is the good news--but they still need many more qualified teachers.
Described by authorities as a con man, an advisor with a troubled past is ordered to repay $4.2 million in restitution; will serve sentence in a medium-security prison.
As more and more advisors consider alternative investments, they must ensure that they are conducting thorough due diligence before recommending hedge funds, private equity funds or other non-traditional assets.
For all the hype around alternatives, advisors should take note that regulators are watching how hedge funds, private equity funds and other non-traditional asset classes are handled.
New rules will require institutional prime funds to allow NAV to float to market value.
Rep. Spencer Bachus (Ala.) is the first Republican in Congress to endorse the Investment Adviser Examination Improvement Act.
The panel is comprised of seven public members and six industry representatives, pulling together advocates, attorneys, regulators and executives from firms such as Citigroup, Morgan Stanley and Securities America.
Wealth management is poised to benefit significantly from an aging global population and a substantial wealth transfer, a new study from Merrill Lynch shows. But some evidence suggests the industry is unprepared.
What's driving this new interest? Follow the money: U.S. retirement assets totaled $23 trillion in the first quarter of this year.
Opponents argue that the long time horizon and heated controversy could convince the White House to back away from the retirement plan proposal.
Amid an outreach overhaul, the agency's Division of Investment Management says it wants asset managers to give advisors and investors a 'clear and concise' picture of their investment strategies.
Financial products and markets are so thoroughly intertwined that regulators need to take a more holistic approach than they have in the past.
New options could stake out a middle ground between a lump-sum payout from a 401(k) and putting the entire plan into an annuity.
On first Capitol Hill advocacy day, FPA advisors are meeting with policymakers to push for greater fiduciary oversight and regulation.