Practice

RBC names new complex directors, Commonwealth added a $200 million team, an ex-advisor is serving 33 months for elder fraud, and other news from the week in financial advice.

The focus is supposed to be on the wealthy and corporations, since they're the ones who account for the majority of tax misconduct, but what does that mean exactly?

Financial advisors and even competitors to Robinhood say the self-directed service has opened the door to new potential clients.

A barred broker’s alleged version of the “infinite banking” strategy recommended that clients liquidate their 401(k)s or IRAs to buy variable annuities.

The products have seen a 9% rise compared to the prior quarter, and a whopping 89% rise on year-ago levels, according to LIMRA data.

Women in the United States have a lot in common when it comes to managing their money. They prioritize financial stability and nearly half equate negative emotions with financial planning - far more than men.

The Financial Services Institute blasts the move and won't rule out legal action to reinstate the more favorable Trump-era regulation.

At FP’s INVEST conference, executives from major firms explained how the coronavirus has altered the advisor and client experience for the long term.

With Edward Jones poised to settle a racial discrimination class action for $34 million, what does the case say about the state of diversity and inclusion in wealth management?

Firms that master this delivery model can continue to use it long after the pandemic is over, writes David Israel.