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A recent report about bad incentives for brokers "did not accurately reflect how we do business and serve our clients," said Jon Weiss, head of wealth and investment management.

Conrad Sheehan is a managing director in Accenture's payments practice.

Instead of thinking about fiduciary purely as an obligation or regulation, advisors should envision it as something much bigger: a way of life.

Merrill Robertson Jr. had previously been sentenced to 40 years in prison in a separate criminal case.

Data reported by the Investment Company Institute.

The Justice Department disclosed a felony probe the day before the broker’s termination.

Compensation levels rose approximately 7% last year despite mounting industry challenges.

A new survey finds that investors prize full and upfront disclosures about fees and conflicts of interest, but advisors fall short.

Annalyn Kurtz is contributing editor to Financial Planning. Her work has also appeared in Fortune, The New York Times and CNNMoney. Follow her on Twitter at @annalynkurtz.

Tom MacDonald is financial and business services practice head for Global Growth Markets.