Organization Root Tag

The S&P index of 18 asset management firms and custody banks is down nearly 11% this year, compared with a gain of more than 8% for the broad S&P 500.

Regulators in Massachusetts launched a “sweep” of more than 60 firms that sold nearly $1.3 billion in limited partnerships sponsored by GPB Capital.

Advisors may need to shed the AUM model of the past, says the TD Ameritrade Insitutional president. Also: The biggest threat to RIAs and the outlook for job-hunting advisors.

The move puts the Swiss bank more in sync with practices at regional brokerages.

Carla Wigen joins the senior leadership team at the Seattle-based firm, which advises on about $5 billion in assets.

Each of the team’s members had 15 years or more experience working at the wirehouse.

The firm gathered nearly $1 billion since creating the industry’s first free index mutual funds in early August.

The tax-focused IBD is betting on a switch to Fidelity and Envestnet while undergoing a cultural shift.

Larry Roth, who was also head of AIG Advisor Group, is offering up his expertise after helping both firms navigate difficult years as their chief executive.

Regulators including FINRA are looking at ways to help spur innovation.

The expense ratios for these funds were closer to that of the average actively managed equity mutual fund.

The IBD’s advisors did not understand investments they sold to clients, the SEC says.

It’s the first U.S.-domiciled index ETF of ETFs with access to the global investment-grade credit universe, the firm said.

Bank of America has plans to expand the self-directed platform’s reach even further.

Startups are applying AI and big data to determine how advisory clients make investment decisions in real time.

Lehman Brothers had collapsed. Panic, instability and a recession followed. Ten years later, the lessons from that era echo even more resoundingly.

Times are good for RIAs, but a new study suggests firms should be monitoring fees more closely.

This is the third such suit the bank has filed against former advisors in recent months.

Worried about rapid transformation in the industry? It may be easier to evolve than you think.