This unit is a critical gatekeeper and value-add for your clients, particularly high-net-worth ones.

Yahoo says no bank account or card data has been compromised in its massive data breach. Yet hackers could use their ill-gotten personal information about customers to mess with bank accounts.

Regulators should step up their inspections of digital advisers as these tools surge in popularity, the firm said.

The company’s survival may depend on a continuing security awareness training program.

The company’s survival may depend on a continuing security awareness training program.

Goal-planning and security are two areas where wealth management firms need to innovate most, say Corporate Insight researchers.

Commission staffers are probing how broker-dealers are handling ETFs and the extent to which investors understand the risks of the funds.

Fending off cyber intrusions is becoming a cost of doing business, but when advisors find that their practice has been breached, they need to follow a plan for assessing the damage.

Cybersecurity policy may still be very much a work in progress at the SEC, but officials increasingly are expecting advisors to have a baseline set of policies and procedures in place to safeguard clients' data, compliance experts caution.

The SEC has yet to produce or even propose any binding rules regarding cybersecurity, but officials have been sending strong signals that they expect firms of all sizes to put in place policies and procedures to protect sensitive information.