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The SEC found that auditing or testing would likely have revealed deficiencies in controls that allowed an employee access to client information at the wirehouse, says leading compliance expert Alan Foxman.

Some advisers and their clients are running afoul of an IRS rule, and oversights can result in substantial penalties.

Spousal benefits and survivor benefits appear very similar, but scratch a little deeper you’ll find a tangle of regulations and features. Here’s how to unwind them.

The firm is accused of negligence, breach of contract and other misconduct, according to a copy of the award.

BIC took a fresh look at its top program managers and re-ranked them based solely on team assets under management.

An arbitration panel ruled that the firm had failed to properly supervise the adviser.

Also, J.P. Morgan saw a team managing $300 million in client assets go independent.

Three industry veterans – one with more than four decades of experience – oversaw more than $205 million in client assets, according to Raymond James.

"I expect a seismic change as product manufacturers will have to adapt to the new rule," says NextCapital's Rob Forreger.

The wirehouse's latest hires will support client development and strengthen product delivery, according to Morgan Stanley.

Industry insiders say wealth management is going through its biggest upheaval in decades.

The broker allegedly talked clients into investing $115,000 in a technology startup where his friend worked as a computer programmer.

Personal Capital CEO Bill Harris argues financial institutions are more focused on product offerings than clients.

"It was terribly important to us that we were participating and supporting a partnership with a firm that is innovating and has strong backing," said Richard Steinmeier, head of the Wealth Advice Center at UBS.

The year-old automated advice service is revealing some new ways advisers use robos — and it's quelling some big fears.

Former Edward Jones advisor says he left for the freedom to own and market his own eponymous firm as he wishes.

Clients holding municipal bonds are in a good position to wait it out, after policy makers left the target interest rate unchanged and signaled increases will be gradual, strategists said.

One adviser at the Morningstar conference finds retirement assumptions being reconsidered.

Edmond Walters is seen as bringing deep fintech expertise to rebranded company.

Missed compounding opportunities, steep taxes and penalties and the possibility of forced early retirement, that's why.