Practice

The commission-free brokerage did not reasonably review “hundreds of thousands of orders each month,” according to the regulator.

Now, armed with data from the rule’s rollout in Europe, asset managers in the U.S. have a better sense of each analysts’ worth — fairly or not.

These shortcomings were primarily due to “systemic, longstanding, governance-level weaknesses,” a new report says.

"I don't mean to ruin your holidays, but ... " Regulators and industry insiders caution against delaying compliance efforts as the June deadline approaches.

More than half of them track the industry’s top-performing category.

While these 20 dizzying changes will throw some for a loop, financial advisors and their clients grow more powerful each year.

Setting up a tax-advantaged retirement account, automating contributions and reducing their overall expenses are a few strategies to get back on track.

“There definitely will be people who don’t win in this,” says Altruist founder Jason Wenk.

Adjusting a federal income tax return depends on personal tax circumstances, “such as the materiality of the error,” an expert says.

The firm is looking for ways to maintain its edge and reinvigorate its shares, which have trailed rivals over the past year.