New York Attorney General Andrew Cuomo is reportedly investigating
Thus far, disciplinary actions concerning the $330 billion market have involved banks and retail brokerages for misrepresenting the risky debt, with the government collecting $360 million in fines related to $30 billion of ARS.
Banks are quickly stepping up to the plate to buy back the debt.
In separate cases, two federal judges found that neither Wells Fargo nor LPL had a fiduciary obligation to look for clients' best interests with uninvested cash held in brokerage accounts.
Even after accounting for income, Black Americans still trail in retirement savings, according to a recent EBRI study. Advisors point to a mix of historic and systemic barriers that make the gap hard to close.
With a geographically spread-out workforce, Nate Byers of Calculated Wealth recognized the need to invest in defensive measures to keep client data safe.
Lack of communication can breed conflict, but offering an outside perspective can smooth over family conflicts.
The deal to buy Natixis' overlay management services comes amid a general push by the St. Louis-based firm to broaden its appeal to HNW clients.
The momentum is clearly accelerating behind registered investment advisory firms, but every individual team's choice requires careful consideration.
