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As financial professionals grapple with a new regulatory mandate for the suitability of investment advice, a leading industry advocacy group is continuing its opposition to two key provisions of the new rules from the Financial Industry Regulatory Authority (FINRA) that took effect Monday.
July 9 -
Steve Wershing, "The Referral Doctor," says its not your people that make clients happy but what your people do. And understanding that distinction is crucial for firms that want to add and retain clients and the staff to service them.
July 9
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As many wealth management firms grapple with the challenge of how to replenish an aging financial advisor population, Bank of America Merrill Lynch is increasingly turning to its own solution: grow your own.
July 6 -
The SEC named Norm Champ director of the agencys division of investment management, replacing Eileen Rominger, who is retiring.
July 6 -
The SEC approved a pilot plan that will allow some orders to go undisplayed on the New York Stock Exchange as a way for the biggest stock trading venue to attract individual investors.
July 6 -
Small Sacrifices app encourages customers to channel coffee and cigarette buying habits into savings goals.
July 6 -
A federal appeals court struck down Goldman Sachs appeal of a $20.6 million arbitration award decision on Tuesday, holding up the original 2010 decision in favor of creditors of the Bayou Group.
July 5 -
It's easy to underestimate how important philanthropy is to clients.
July 5
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An investment management firm now owned by Wells Fargo has agreed to pay $25 million to settle claims that it misled investors about the makeup of a mutual fund it once marketed.
July 5 -
Ken Joseph will take over the role of regional director of the examination program for the New York Offices of the SEC
July 3 -
Serving clients from the world of venture capital poses special challenges for planners. Much like entrepreneurs, VC general partners bring risky and highly concentrated investments that cry out for diversification.
July 3 -
Marketing expert Marie Swift says that if you believe that your brand of personal advice and investment acumen needs to find its way into the lives of more right-fit clients, stop procrastinating and pick a couple marketing initiatives to start now.
July 3
Impact Communications -
Large arbitration cases of $10 million or more can now create new processes to fit a case and go around certain established rules under a new pilot program launched today by the Financial Industry Regulatory Authority, or FINRA.
July 2 -
Higher operating costs, increases in employee compensation and losses in equity markets took their toll on the regulators books.
July 2 -
The Chicago-based company announced Monday it added a pair of experienced advisors from UBS. The team is the sixth HighTower has added this year.
July 2 -
Charles Schwab yesterday rolled out the first version of the new Schwab Advisor Center app for the iPhone for independent investment advisors who custody assets with Schwab Advisor Services.
July 2 -
Education and healthcare retirement plans are using more target date funds and Roth features in their plans, according to the latest 403(b) plan sponsor survey from the Plan Sponsor Council of America.
July 2 -
How often have sponsors had to intervene to prop up money market funds?
July 2 -
CUSO Financial Services has implemented broker-dealer services and back-office support for TruMark Financial Credit Union, one of the largest credit unions in Pennsylvania.
July 1 -
To bridge the gap between traditional retail service staff in the bank branches and the investment advisors, there needs to be a genuine all-for-one mentality.
July 1
