Existing regulations that protect investors and deliver clarity to the industry must be preserved by the incoming administration, writes Financial Services Institute CEO Dale Brown.
November 20
3 Min Read
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The guidance clears up the tax treatment of expenses when a loan from the Paycheck Protection Program hasn’t been forgiven by the end of the year.November 19
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The former wirehouse team oversaw $1.15 billion and will staff a newly opened office for the regional BD.November 19
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The top 20 have delivered overall outperformance. However, their gains come with fees more than twice the industry average.November 19
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As the Federal Reserve strives to help the economy, wealth managers’ revenue takes a hit.November 18
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Firms have only six weeks to find a replacement technology platform.November 18
Big changes to regulations and retirement planning could be in the mix following the Democrat’s election victory.
With a Democrat set to take the White House in January, the agenda for agencies like the CFPB could undergo a rapid transformation, housing finance reform could be turned on its head and progressive banking ideas that were unthinkable over the past four years could gain traction.
Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.
The regulator would generate an additional $225 million per year from the fee increases.
The No. 1 IBD’s 2,500-advisor bank channel will add 285 more reps when two massive investment programs affiliate next year.
The custodian had been a key player in the growth of the independent channel.
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It’s another big get for a bank that has been busily luring away top talent from the wirehouses.November 17
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“Platforms like this you would typically see at the larger broker-dealers and maybe the wirehouses,” says Gary Gallagher, the firm’s head of investment and managed solutions.November 17
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Whether the law changes next year or in 2025, wealthy clients can save by using the generous provisions now.November 17
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It’s one of the largest recruiting moves of the year in the independent broker-dealer sector.November 16
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Five firms agreed to pay $3 million to settle an SEC investigation into unsuitable sales of complex exchange-traded products.November 16
