RIAs

More than 60% of registered investment advisory firms force complaints into forums that cost more and may give them fewer rights than FINRA, the regulator said.

Among the respondents who work with financial planners, about 7 out of 10 said they have high hopes for 2023. For those without planners, the figure fell to 42%.

The panel's recommendation would also seek comments on the possibility of outsourcing some review functions to third-party firms.

The Ameriflex Group has been adding advisors and assets without using the kind of M&A deals that often fuel expansion in the industry.

Even with the overall decline in people seeking financial advice, the number of investors wanting help specifically with asset management is on the rise.

30% of LGBTQ individuals report experiencing bias or discrimination when seeking out financial services.

The number of ultrarich families is growing, and so are their demands on advisors. Schwab moderated a panel on how RIAs can succeed with these clients.

The Investment Adviser Association contends federal regulators have not taken into account the likely onerous cumulative effects of their proposals on cybersecurity, outsourcing and data security.

The decline is expected to come from client outflows, overlap between the two banks and cost savings.

INVEST 2023 panelists and the latest SEC risk alert suggest the regulator will treat the rule much like one that has cost big Wall Street firms more than $2 billion in fines.