Margarida Correia

CUSO and Infinex plan to not only lower minimums and adjust pricing on advisory accounts but also partner with digital advice providers in a bid to serve a wide range of customers.

In a surprise move on Wednesday, the company went public with its plans to prepare its advisors and financial institutions for the coming regulatory changes.

Advisors should address disruptors, rather than ignoring them and risk turning into "disruptees," says Jack Brennan.

Fee business took hits from both the market and digital advice providers that caused banks to lower fees.

Only time will tell if institutions that have been proactive fare best.

Clients upset they won't be able to file and suspend? Not to fret, there are other claiming strategies that may be even more effective.

Banks are likely to accelerate the shedding of their in-house mutual fund businesses in light of the proposed rule.

The advisor was a compulsive gambler who continued to bet in an attempt to make his clients whole, says attorney.

Industry observers hail the combination, noting that Infinex focuses on small banks while Essex deals with larger institutions.

The rep was reprimanded for allegedly failing to disclose her business involvement with a kitchen-cabinet installation company in Florida.