FSI

Possible threats to the pending proposal could play out in Congress and the courts before an increasingly consequential presidential race, an expert said.

A potential regulation called the "retirement security rule" is already facing pushback. Here are the first reactions across the industry in favor and against it.

Consumer advocates cheered the outcome of the case and the regulator's enforcement push in recent years. Commonwealth's case is still pending.

Securian's alleged tactics with departing managing partners highlight a troubling trend among firms claiming to offer flexibility and freedom.

The word 'broker' carries negative connotations. But to many wealth management professionals, commission-based shops are valuable to a transforming industry.

A new potential fiduciary rule and a court decision involving independent contractors have the industry and consumer advocates watching carefully.

Inroads CEO Forest Harper and other organizers of new internship and training programs insist a long-term shift is now possible.

SEC enforcement actions and regulatory requirements citing Form CRS suggests that firms need to step up their compliance operations.

In a session at the industry trade group’s conference, planner Lazetta Rainey Braxton connected racial and financial literacy.

The trade group’s continued support comes with caveats as advocates for a stronger rule express hope that the Biden administration will change the 2019 regulation.

The Financial Services Institute blasts the move and won't rule out legal action to reinstate the more favorable Trump-era regulation.

The legislation re-introduced in Congress could give more clients the option of seeking damages through the courts.

Consumer advocates are calling for Gary Gensler to toss out Reg BI as wealth managers aim to keep the prior administration’s rule in place.

Industry groups warn of creeping fiduciary obligations, while consumer advocates see it as a setback for investor protections

The announcement was welcomed by Wall Street lobbying groups, some of whom sued to vacate the Obama-era regulation.

FSI aims for a pragmatic approach when advocating on behalf of more than 90 independent broker-dealers and 30,000 financial advisors, Deputy General Counsel Robin Traxler says in an episode of the Financial Planning podcast.

When Congress killed tax deductions for financial advice in 2017, the world was a different place. Now planners want them restored to help clients during the coronavirus crisis

Wealth management firms should track the lives they impact beyond the size of their client books, KMS Financial Services CEO Erinn Ford says in an episode of Financial Planning’s Podcast.

The IBD advocacy group expects no letup in enforcement by the regulator — with wide ramifications across wealth management hanging in the balance.

The custodial giant is aiming to cut down on the time involved with opening accounts — which advisors often view as a drain.