Regulation

Operating in an environment where we are all expected to do more with less, asset managers increasingly rely on service providers. By constantly reinvesting in their businesses and infrastructure, established providers can easily scale and position asset managers for the future.

A lawsuit brought by husband-and-wife planners in Florida against the CFP Board has brought the federal court system into the debate over “fee-only” labeling and consequences – a topic that the industry has been struggling to define.

For almost nine years, the firm has been lending to companies with ratings in the B to BB+ range, below the investment-grade threshold, the employee claims.

Building a successful fund requires a distinguishable brand, an effective marketing strategy, and a commitment to distribution support.

The Department of Labor is pushing back its timeframe for releasing a highly anticipated proposal for expanding fiduciary responsibilities for advisors who work with retirement plans.

Bank of America Merrill Lynch will pay $2.8 million to settle claims that it took too long to compensate departing brokers.

Bloomberg -- Morgan Stanley Chief Executive Officer James Gorman said there’s almost no chance of another financial crisis like the one that endangered his firm five years ago.

FINRA is scaling back on "supersized" fines.

Bloomberg -- A year ago, when opposition from the asset-management industry killed her plan to make money-market mutual funds safer, U.S. Securities and Exchange Commission Chairman Mary Schapiro looked to Timothy Geithner, then the Treasury Secretary, to tackle “one of the pieces of unfinished business from the financial crisis.”

The regulator levied fewer big-ticket fines in the first half of 2013, according to a report from Sutherland Asbill & Brennan.