-
Higher internal expenses in mutual fund share classes came with much lower overall advisory fees in wrap accounts, the firm argues.
September 28 -
The firms agreed to censures, the settlement payments and to cease-and-desist orders tied to their alleged misconduct.
July 14 -
The case against Centaurus Financial comes after the industry and consumer advocates decried the previous administration’s approach for different reasons.
June 10 -
The litigation reveals how wealth managers’ deals with product sponsors work and how one with a former Voya unit went awry.
April 29 -
The moves come just one day after BlackRock announced reductions on $7.6 billion of its style funds.
March 26 -
The firm has been locked in a contest with runner-up Vanguard for flows, with the latter winning last year for the first time since 2013.
March 22 -
SEC cases that go beyond faulting firms for their failure to disclose conflicts of interest have drawn pushback from the industry.
December 30 -
The allegations involving 12b-1 fees, cash sweeps and commissions also include violations of best execution rules.
December 23 -
In a bid to attract clients left out by AUM fees, IBDs are enabling advisors to take approaches first made popular in the full RIA channel.
December 1 -
But the regulator also ordered record payouts in 2020, including restitution through a self-reporting program that drew industry ire.
November 5