FSI

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.

The IBD trade group launched a public campaign after more than 80 cases this year alleging inadequate disclosure of mutual fund fees and compensation.

Planners' fears of violating privacy stops them from taking action. If implemented, a new model act might help.

The insurgents won seats allotted to represent small and large firms.

Think New Jersey’s proposed rule doesn’t apply to you? Think again.

As New Jersey’s regulators move forward, trade groups and executives warn of increasing compliance costs.

A new consumer financial protection bill would expand duties for brokers and insurance providers.

State regulators and state legislature are stepping in to propose initiatives to protect consumers against salespeople wrapped in fiduciary clothing.

A new FINRA initiative to root out breaches of supervisory rules on 529 plans provoked criticism from the IBD advocacy group.

In an unusually frank discussion, women executives from five major firms urged the industry to get involved in educating young people about wealth management.

The asset manager and custodial giant found positive correlations in several metrics for companies that focus on inclusion.