The
While the news may come as a bittersweet relief to funds already rushing to meet the deadline (MFMN 9/5/2001), regulators have received praise from the industry for its wide range of decisions to ease and adjust usual rules during an extraordinary time for the ndustry.
"We've seen the best out of our regulators, in terms of granting temporary relief," said Jill McGruder, CEO of
The CFP Board promised to enhance its review processes after an investigation found major shortcomings. A new analysis of CFP data found that the problem has only gotten worse.
Terri Kallsen will precede him next year as chair of the Board of Directors; Seay will take over that role in 2027.
The popular industry recruiting and retention barometer provided another window into the challenges facing LPL Financial with its latest major acquisition.
The Wall Street powerhouse has built its wealth division in large part through big deals but is not "looking to make acquisitions just for the sake of it, " said CEO Ted Pick.
But the Bank of America subsidiaries nonetheless reported rises in AUM and net revenue in the second quarter while adding thousands of new client relationships.
The accusations led to the end of 16 years at the firm.
