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The new order applies to managing directors and executive directors who oversee subordinates, according to a person briefed on the plans.

It also suggests digital advice providers “have only a few years to achieve critical mass, or they will be sold for parts like Motif and Folio Financial,” says one expert.

Clients may have an ability to increase the ratio of after-tax dollars in their account by completing one or more transactions that are exempt from the pro rata rule.

The pandemic has underscored the need for more socially and environmentally responsible financing.

Some of the recently acquired advisors will open branch offices for the growing BD.

To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.

“Everyone is looking ahead to the elections and what tax policy could look like in various administrations," says Ben Huneke, head of investment solutions in the firm's wealth management division.

Industry veterans have warned that packaging the loans into funds that are easily accessible could pose a risk to retail investors unfamiliar with collateralized loan obligations.

The free lunches are over. Sort of.

Threats to the program are multiplying and the coronavirus pandemic is accelerating a reckoning, according to a new analysis.