Organization Root Tag

Richard Ketchum adds that the regulator needs to take a closer look at the culture of wealth management companies to see if executives are setting the right tone: "It is essential that a firm's leadership own the policies and procedures."

The recruits made the move between wirehouses with two client associates.

The recruit generated $1.7 million in annual production before making the move.

The firm has named two executives to newly created positions to help build on the momentum it says it has developed in serving clients in the western U.S.

A new model of holistic financial advice is coming on the scene.

The appointment to the newly created post is part of the bank's strategy to expand its client offering.

“The SEC is notorious for blowing through rule-making deadlines—both congressionally mandated and self-imposed, such as this,” says Micah Hauptman, financial services counsel at the Consumer Federation of America.

Commission staffers are probing how broker-dealers are handling ETFs and the extent to which investors understand the risks of the funds.

An arbitration panel ruled in UBS' favor, after the wirehouse alleged that a former adviser stole client data before moving to Wells Fargo.

The new rules were developed in consultation with the SEC, the Labor secretary adds.

These smart strategies can reduce the amount of income subject to the tax, says Samuel A. Donaldson, professor of law at Georgia State University College of Law.

Mercer Advisors turned to channel partners for referrals and made a valuable business-model change.

Three weeks after the broker killed himself, the firm agreed to a confidential settlement with his wife for an undisclosed amount.

Judge’s decision paves way for the Cetera subsidiary’s IBDs to move past RCS troubles; retirement benefits are unaffected, judge says.

The recruits generated $1.8 million in annual production before making the move.

Advisors able to analyze client data will be able to predict financial behavior, says Jud Bergman, Envestnet's chief executive.

This strategy for the qualified conservation contribution gets higher deductions, says Samuel Donaldson, professor of law at Georgia State University College of Law.

The Massachusetts-based planner, who allegedly told clients their money would be invested in a hedge fund, was also ordered to pay $1.89 million to victims.

In an unusual move, the two veteran advisers left the independent channel to rejoin an employee broker-dealer.

Previous investors were happy to let a Canadian firm be the sole investor, says Bill Harris, CEO of Personal Capital.