Practice

Company policies were not reasonably designed to detect and prevent misconduct, the SEC claims after one advisor allegedly misappropriated more than $5 million from client accounts.

More retirement investors are including cryptocurrency in their portfolio because it helps them achieve diversification.

The impact of technology on client-facing jobs has been grossly overstated. Their threat to the back office, however, is very real.

DaRayl Davis spent client funds on a luxury mansion, theater tickets and car rentals, federal prosecutors say.

The firm has recruited 71 advisors so this year and opened branches in four states, according to a spokeswoman.

The new wave of advertising will highlight the emotional benefits of having a financial plan. Some CFPs have grumbled about funding previous advertising initiatives with their certificant fees.

This environment allows advisors to demonstrate their value to clients.

The No. 1 independent broker-dealer has grown beyond the wirehouses, but it added about 100 fewer advisors than expected from its major acquisition.

The funds, which account for roughly 1% of the $3.5 trillion of assets in ETPs, “pose real risks to American families.”

The firm plans to double in size in the next three years.