The SEC voted to propose rule amendments to Part 2 of Form ADV, which would require plain-English disclosure. The brochure would require receipt of compensation from issuers as well as discussion of conflicts of interest about side-by-side management. The SEC has not yet released the rule proposal.
If adopted, the proposed rule would change the way the information is disseminated to investors by making information about an investment adviser's business practices available on the Internet.
Three advisory teams managing $10 billion in the San Francisco area are among an ongoing wave of departures from the biggest U.S. bank.
Experts say that busy entrepreneurs often miss incentives and advantages available to them. Financial advisors and tax professionals can give them a nudge.
The CEO of the RIA "roll-up" outfit thinks that ongoing industry consolidation doesn't necessarily mean all firms will start to look the same.
As ESG investments face political backlash, here's how financial advisors are talking to clients about impact investing.
An industry recruiter said the Bank of America subsidiary has become almost "unhinged" with the amount of money it's willing to offer advisors it's recruiting.
After a decade-long effort by holders of the personal financial specialist credential, aspiring candidates can be tested on investments, retirement plans and other areas.
