Practice

The Securities and Exchange Commission on Tuesday charged a Chicago-based investment advisory firm with misleading investors in connection with a pair of private-equity offerings.

A greater number of Americans believe that their personal finances and the economy are in better shape than they were a year ago, according to a new survey from a unit of JPMorgan Chase.

William Steward, a former accountant in product control for UBS AG, said he began looking into trades by Kweku Adoboli in August 2011 after receiving a report of a $3.57 billion discrepancy.

Thinking of integrating video into your website? Or maybe you're curious about starting a YouTube channel? Or maybe the idea of foraying into video makes you terrified. Whatever your stance, video is undoubtedly becoming a popular trend among advisors. It's a trend that is helping advisors communicate with clients in new ways, while expanding their reach to prospects.

The firm has expanded its Denver office with the addition of industry veteran Tina Huyler.

Inefficient account opening processes are leading to client defections and advisor dissatisfaction with broker-dealers, according to a report released by Aite Group on Tuesday.

We have been inundated with conversation recently around the ongoing debate of suitability versus fiduciary care for clients. This debate comes down to the "advisor" against the "broker" and vice versa. FINRA and the SEC. In almost every article and conversation on this topic I conclude that there is a clear lack of understanding of how the "other" is serving their clients.

The New York investment bank has filed a request with FINRA to withdraw from the brokerage business, after being fined for breaking 'information barriers.' Its parent company said it will still try to commercialize its DIrect Markets technology.

A Florida federal court rejected Merrill Lynch's petition to vacate an arbitration decision on Monday, clearing the way for two financial advisors to receive a $10.25 million awarded to them in April.

As the advisory universe ages, it's inevitable that more advisors will retire, become disabled, or die. Just as inevitable, there will be more sales of interests in advisory practices or entire practices. But just how valuable will those practices be, with most clients drawing down rather than building up the assets that advisors manage?