Law and regulation

"An investor should move to cash and cash alternatives," he advised.

The firm detailed its compliance plans while acknowledging that the regulation could be changed under President-elect Trump.

Its managers are debating whether it's time to move away from so-called secular growth companies.

Though against the firm's policy, the wirehouse still permitted the purchase of securities with credit lines "on thousands of occasions" during a four-year period, according to the regulator.

A FINRA panel ordered the wirehouse to pay damages to two former clients who invested in Puerto Rican municipal bonds and closed-end funds.

The ongoing trend to passive or smart beta products will continue, according to Maxwell Gold, the director of investment strategy at ETF Securities.

The catalyst is Trump, whose election, according to Macquarie Group analyst David Konrad, will usher in a "new world order" for the industry.

The regulator, in a proposed final judgement, wants the former planner held liable for $123,000 spent on golf outings, shopping and cruises.

She is the third generation to control the company and, like her family members, has maintained a low profile despite the reach of the firm’s mutual funds.

Advisors Asset Management CEO Scott Colyer says loosening regulatory reigns may free up spending previously directed toward compliance.

Analysts say there may be increased activity in 2017 among "active-oriented traditional managers," spurred by performance issues.

The manager's Commons 30 is beating 88% of comparable funds over the past three years and trouncing Japan's benchmark Topix index, according to Bloomberg.

Despite anticipated tailwind, the firm's ETF product management head says investors still have cost control.

Competition is rising from passive funds as managers find it harder to justify charges 50% higher than their developed-world peers.

While it’s early in the process, a number of names are being floated as possible contenders.

Third-party clients added $5.1 billion in new money last quarter.

Although a partisan battle over internet access predated Trump’s candidacy, he provided a key boost to the issue, setting a stage for a larger fight still to come.

The $1.68 billion fund has returned 4.2% since he started managing it in October 2014.

A friendly memo to help top regulators in the next administration set priorities. One key point: planners and fee-compensated IRAs are the least of your worries.

The firm is going for a middle-of-the-road approach that includes fee-based retirement accounts and which also relies on the best interest contract exemption with certain clients, says CEO Ron Kruszewski.