Wealth management

The regulator disclosed a transformative rule change, sparking outrage among fiduciary advocates and some advisors.

Fee pressure and improvements in data and analytics are among the leading issues the industry faces today, executives say.

The barriers for firms to enter into multiple financial services has dropped significantly and digital advisory firms are taking advantage.

The rule can only be effective if the investing public accurately understands its implications, says the firms’ chief platform officer.

Each of these funds has its own way of adding high-octane assets into clients' portfolios.

Bonds were sold to build a development with a water park and Venice-style bridges. Now a Florida community is going bankrupt.

Brokers “have become accustomed to this kind of deal structure,” COO Ed Swenson says.

Players on both sides of the fence are being forced to rethink past practices.

Following two recent mega-mergers in the bullion space, the fight to secure dominance is intensifying.

The new open architecture platform will minimize the “swivel chair experience” for advisors.

The legislation nullifies a strategy that previously allowed heirs to stretch an inherited account's tax-deferred growth based on their life expectancy.

The fast-growing firm now has more than 100 brokers.

"The more objective you can make things, the better it will be," an expert says.

The firm is “looking to aggressively compete” by lowering and simplifying the fees on its advisory platforms, a top executive says.

The firm expects shareholders will save an estimated $3.2 million, annually.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.

“The amount of capital available to this industry is small relative to the size of the need,” says one new lender.

Mainstays of the sector like Commonwealth, Cambridge and Northwestern Mutual are contributing to it, but smaller firms are also driving change.

The regional BD opened its third new location in Texas this year.