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The development is part of an intensifying price war and focuses more attention on the specter of zero-fee funds.

New technology is making it difficult for funds that fail to combine low costs, strong returns and brand equity to earn spots on investment lineups.

UBS advisor Michael Lorenzo is carefully eyeing “the impact that systematic strategies had on the markets, especially as 2018 is the new normal.”

The advisor and his alleged co-conspirators made $5 million in illicit profits off misappropriated information, according to prosecutors.

Even as BDs transition from their commission roots, too many still treat advice as a liability.

The government needs to improve cost-of-living adjustments to ensure that retirees can cope with inflation, says an expert.

Data reported by the Investment Company Institute.

Elena Milianta joined the firm’s Alex. Brown division, which caters to wealthy clients.

The firm aims to avoid disruptions for its 2,300 advisors — but the pending recapitalization comes as the space consolidates amid shrinking margins.

The move comes as competitors cut prices to entice RIAs to leave the platform.