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Regulators contend two firms falsely advertised themselves as the first to apply artificial intelligence to investment recommendations.
11h ago -
The legal action also alleges Mark Lamkin's former associates conspired behind his back to prevent him from leaving with his clients.
March 14 -
The Financial Services Institute continues to push for a return to a Trump Administration rule it contends offered clarity in employment questions.
March 6 -
Barry Sommers comes in for high praise amid his firm's attempts to move beyond the banking scandals of its past.
March 1 -
The proposal comes as regulators say they've seen a fourfold increase in suspicious activity tied to RIAs.
February 14 -
The move brings the 28-year industry veteran from a firm where independent planners make up less than 5% of the advisory headcount to one where they are the majority.
February 12 -
Even planners who are willing to entertain investments in digital assets caution that clients should put no more in than they can afford to lose.
January 26 -
The firm credits its ability to recruit highly productive advisory teams for its strong fourth-quarter balance sheet.
January 25 -
The broker-dealer group is questioning the Department of Labor's plans to replace a simpler rule adopted by the Trump Administration to determine when workers qualify as direct employees.
January 18 -
With few new advisors coming into the industry but total U.S. assets growing rapidly, Morgan Stanley, Wells Fargo, Merrill and others are having to up their compensation game and distinguish themselves in other ways if they want to capture a larger share of the wealth pie.
January 17