"One thing we can tell you is our opposition was there before us," says FPA's director of advocacy. "We heard over and over again the argument that if a fiduciary standard were extended to broker-dealers the middle market would be hurt."
A new classification system from Morningstar is intended to help advisors and investors better identify, compare and analyze these active exchange-traded products.
Morgan Stanley will swallow some losses incurred by customers who bought mutual funds after the bank failed to make the fund prospectuses accessible online.
Small businesses can turbocharge their retirement plans; The gift of a retirement account is a lifetime asset; Why Americans keep treating their 401(k) plans like a piggy bank
Advisors must understand one of the newest trends in philanthropy: Giving away illiquid assets.
Darrel Hackett will be responsible for BMO Financial Group's personal wealth management businesses throughout the United States.
Some managers may out-perform short-term, but "you can't tell good luck from good skill, or bad luck from bad skill," the Nobel winner says.
Many parents are not saving enough for their children thanks to their own unpaid student loan debts, according to new study from the CFP Board.
Designing comp plans with many grid levels is one way credit unions can boost advisor productivity, according to a report from Kehrer Bielan Research & Consulting.
Want to know what matters most to the people who make your business run? Heres how to set up a panel to get better client feedback.
The Securities and Exchange Commission will probably use emergency court action to stop state and local governments from selling municipal bonds if it thinks their offerings are fraudulent, an enforcement division official told bond lawyers meeting here.
DoL projects federal estate tax exemption could reach $5.43 million by 2015; Limits on tax-free lifetime gifts projected to rise for 2015; Backdoor tax increases may hit investors
As competition for talent increases, the best way for RIA firms to hold onto top-tier employees is to make it worth their while. Schwab's 2014 RIA Benchmarking Study highlights three major steps toward building a good compensation plan.
The broker-dealer giant has acquired a 51% interest in electronic services firm Docupace Technologies.
"Any effort to put broker-dealers and advisors into the same box is probably not going to work," says a former deputy director of the SEC's Division of Investment Management.
Ane S. Plate was banned for allegedly looting more than $140,000 from a customer account.
The firm hired another wealth director for business development, the second such director it hired in Pittsburgh this year.
Two former advisors from Fifth Third Private Bank are joining LPL's broker-dealer and custodial platforms as an independent hybrid firm, StreamSong Advisors.
3 things every spouse must know about Social Security; Top retirement expense is your home; Financial simplicity should be a retirement priority
Thanks to a continued economic recovery, strong equity market performance, rising real estate values and record domestic oil production, wealth growth rates in the U.S. strongly outpaced global averages.