Megan Leonhardt

Megan
Leonhardt

Megan Leonhardt is senior editor for WealthManagement.com and REP. magazine, reporting on national brokerage firms and the independent advisor landscape, as well as regulatory updates, legal cases and compliance issues. Prior to covering the financial services industry, Megan worked as a legal reporter breaking stories on major law firms and writing on significant court cases all over the country.
 

Articles
MetLife to Spin Off B/Ds to Avoid SIFI Designation
MetLife announced plans Tuesday to split off its U.S. retail operations, which include its broker/dealer and advisory operations, as well as life insurance, variable annuities and property-casualty units.
Retaining NextGen Talent is About More Than Good Recruits
When it comes to training the next generation of financial advisors, recruiting is only the first step.
FINRA to Scrutinize Firm Culture
The Financial Industry Regulatory Authority plans to look closely at broker/dealers’ culture this year, a move that follows other regulators scrutinizing culture at the banks.
Barclays to Pay $13.75 Million for Mutual Fund Failures

The Financial Industry Regulatory Authority on Tuesday ordered Barclays Capital to pay a $3.75 million fine and refund its customers more than $10 million after the regulator found the firm failed to properly supervise the sale of mutual funds.

The Trouble With The (Multi)Millionaire Next Door
Moving into the high-net-worth space is not the easiest way for a mass-affluent advisor to grow.
Lawmakers Introduce Alternate Fiduciary Bill
House lawmakers on Friday introduced legislation that would give Congress the authority to reject the Department of Labor's fiduciary rule and set up an alternate best interest standard for financial advisors.
FINRA Fines Fidelity for Failing to Detect Broker Fraud
More than a year after a Wisconsin woman was sentenced to 15 years in jail for posing as a financial advisor with Fidelity, the Financial Industry Regulatory Authority levied a $1 million penalty against the brokerage for missing numerous red flags.
Wells Fargo Paying Advisors to Dump Small Clients
Beginning in January, advisors who have clients with less than $65,000 in household assets are encouraged to hand them over to a "financial relationship advisor,"
FINRA Seeks to Mitigate Broker Recruitment Conflicts 1
A new FINRA rule would require broker/dealers to provide educational information to customers they’re seeking to bring aboard as part of a new advisors’ hiring process.
CFP Board to Revise Standards of Conduct
The CFP Board announced it will review and revise its standards of professional conduct that inform and regulate the advisor certification.
Roadblock to DOL's Fiduciary Rule Removed
A rider that would have blocked funding to the Department of Labor's fiduciary proposal has been cut from the year-end spending bill.
Low-Tech Cybersecurity Solutions
Frank Abagnale, an expert on forgery and document theft who was the subject of the film Catch Me If You Can, told attendees of the MarketCounsel Summit that U.S. losses from white collar fraud amounts to $994 billion a year.
Using, Owning Client Data Next Big Battlefield

Who owns your data and how are they using it? Other industries are already struggling to answer these questions, but technology executives said Wednesday that this will become an increasing area of focus in financial services next year.

Lawmakers Set to Introduce Fiduciary Legislation Before Holiday Break
What took the Department of Labor five years to accomplish will take lawmakers just over a month. A group of bipartisan lawmakers said Friday they plan to introduce legislative proposal to ensure advisors act in their clients' best interests before Congress breaks for the holidays.
The 12 Fastest-Growing Cities With High-Net-Worth Clients
The high-net-worth population in the U.S. increased by almost 9 percent in 2015, with cities in Texas and on the West Coast seeing the highest levels due to real estate growth.
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