RIAs

To thwart a multifactor verification system, he once used a victim’s home phone to authorize transactions.

The group had been at their previous firm for 14 years.

The widespread popularity of the compensation descriptor, long ballyhooed by RIAs, ultimately proved problematic for the CFP Board which has updated its standards.

Northwestern Mutual’s practices raise difficult questions about the nature of retail advice just as wealth management faces greater scrutiny under new rules.

After 30 years in the wirehouse world, we found an unlooked-for opportunity for our practice amid devastation.

“The face of our industry is typically not me,” says the Vanguard and DFA veteran. “I thought about how many young people that I could inspire. So I raised my hand.”

The advisors are based in Florida, while the new executive will oversee the New York tri-state area.

In a sign of long term changes and pivotal questions for the industry, the difference between the amount of fees and commissions in the sector has nearly doubled.

Investment advice firms netted hundreds of millions of dollars. Here’s where they’re based, what lenders they turned to, and more.