LPL Financial says the pace of new advisors affiliating with the firm has slowed from the levels of late 2013 "in part due to disruptive weather."
People underestimate the chances of dying from likely causes, like heart failure, while overestimating the chances of dying from an unlikely cause, like murder. This can cause big mistakes in retirement planning.
A "sunset program" for soon-to-retire advisors is already underway at some banks. But there is still much to be done, industry executives say.
In particular, the commission is looking for cases when advisors trade on behalf of clients without written disclosure and consent, or fail to process a trade on the most favorable terms for their clients, says an enforcement division co-chief.
Raymond James is on a recruiting spree, poaching million-dollar teams from Merrill Lynch and Wells Fargo, and now grabbing a UBS team with $1.9 million in production for the company's Charlotte, N.C., office.
Investors are having a change of heart about U.S. consumer stocks, a sign their optimism about Americans' discretionary spending remains intact even after a January selloff.
Unity Bank, a subsidiary of Unity Bancorp, has opened a new division that will offer a wide range of investment products and services aimed at helping customers to grow and preserve wealth.
Thousands of Credit Suisse Groups U.S. clients still dont know whether tax authorities will learn their identities as prosecutors work to conclude a three- year probe of how the bank helped them evade taxes.
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans' finances.
OCC bank examiner says banks have given their programs too much latitude and need to reclaim a more active role in oversight.
Deciding when to claim Social Security is one of the biggest financial decisions your clients will ever make and you need to be able to frame the discussion properly in order to help.
The advisor groups advocating for SEC vs. FINRA oversight of the RIA sector are turning their lobbying efforts away from the House.
The focus on dual registrants grows out of concern that the different compensation structures of the two business lines can create conflicts of interest and potentially harm investors, according to an SEC director.
FINRA's BrokerCheck reports are missing key 'red flag' information, leaving investors in the dark about numerous blemishes on brokers' records, claims an advocacy group for investors.
New skills and new training are necessary for advisors to succeed in today's market, but banks and broker-dealers have not made it a top priority.
For one planning firm, new high-net-worth clients may now come from an unexpected place: The bank.
When advising married clients on filing delinquent returns, you can't just look at the bottom-line tax liability owed, you must also try to protect and preserve existing assets.
Despite some bright spots, the bank channel has some surprising areas in need of improvement, according survey findings unveiled at the annual review-and-preview at this week's BISA conference.
Raymond James enticed away an advisor with $2.2 million in production as well as several associates from Merrill Lynch for its Cincinnati office.
Pimco Unconstrained Bond Fund, one of the firms most important offerings as clients turn away from traditional fixed-income products, overhauled its investments in the fourth quarter, when Bill Gross replaced Chris Dialynas as manager of the $25.6 billion fund.