Organization Root Tag

The bank says it has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy Renaissance Fund.

The regulator is giving firms more flexibility in supervising employees working remotely and in relocating personnel to temporary locations.

Even with staff working from home, the agency “remains able and committed to fully executing its mission," the SEC said.

Guidance on new advice rules coming this month as OCIE and enforcement divisions struggle to expand oversight with limited resources.

Restoring fee-model disclosures to its website is just the first step in correcting the organization’s “monumental failure,” according to fiduciary watchdog Ron Rhoades.

The employee “is at home while their health is being closely monitored by their doctor and public health authorities,” a spokeswoman for the bank said.

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.

Fund managers may be better equipped to weather the market storm than their passive peers because of their ability to quickly cut risk.

The decision does not diminish the board's conviction that consumers have a right to know how they are paying for products and services, writes the former board chairwoman.

"If rules are too broad or vague, we may end up circumscribing conduct that we never intended to capture,” Commissioner Allison Herren Lee said.

The ETF’s debut marks the first big entrant into the zero-cost space with the potential to shake up products from BlackRock, State Street and Vanguard.

Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.

A watchful planner might have saved a matriarch’s IRA from being allegedly pillaged by her son.

New hires follow two big additions last month that had AUM topping $2 billion.

“It is shocking — never seen anything like it in my 40 years as a lawyer,” the wealth manager's attorney said.

“The only reason why I could see them doing that is shame,” one critic says of the move; the board calls it an important shift in the conversation about fiduciary care.

Almost 50% associate negative emotions with the practice. Here’s how planners can help.

Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.

All travel requests need special approval and existing international travel plans would need re-approval, according to a company memo.

A client's lawsuit claims the snafu caused users of its app “to miss out on some of the highest single-day market gains in recorded history.”