The Financial Industry Regulatory Authority should be used to criticism by now, both from those who think the industry’s self-regulatory organization doesn’t go far enough in keeping bad brokers and Wall Street firms in check, to those who complain the authority wields an unholy power of destruction by over-burdening innocent and hardworking reps with cumbersome regulations and arbitrary enforcement.
This is the fourth year the staff of REP. magazine has put together the Independent Broker/Dealer Report Card. We surveyed a total of 2,649 advisors across 22 brokerages to get their views on the industry and what they think about the firms they work with.
The conventional wisdom on high-frequency trading is that it hurts no one and in fact makes market more liquid. Retail investors therefore benefit from the algorithm-driven, split-second trades that make up more than half of the activity on a given exchange.
We’ve taken no formal poll, but anecdotal conversations with several financial advisors in recent weeks lead me to believe that many are stymied by the increasingly perplexing options confronting individual investors.
For those who couldn't make Tiburon Strategic Advisors' CEO Summit, here are the 15 most interesting, salient or surprising data points delivered to attendees during the opening session on Tuesday, Oct. 8.
Sometimes it seems as if the wealth management industry is about 20 years behind when it comes to technology, which is why there are dozens of firms all seeking to bring better “solutions” to advisors and clients around asset aggregation, performance metrics, investment planning and transparency. But few have the engineering firepower of Addepar, thanks in part to its co-founder Joe Lonsdale.