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
FINRA Finally Ejects Broker With Shady Past for Market Manipulation 2
The Financial Industry Regulatory Authority recently expelled a Chicago-based broker with a checkered past and sanctioned his manager, both having been involved with high-risk brokerages in the past.
Advisors with CFP Mark Earn 40 Percent More
Financial advisors who hold the CFP mark are more productive and generate more take-home pay than those who do not have the designation, according to new research from the Aite Group.
Guggenheim Launches Active Fixed Income ETF
Guggenheim Investments debuted its new actively managed bond ETF Wednesday, based on its top-rated mutual fund. The fund's portfolio manager Anne Walsh discusses the outlook for the bond market and her investment process.
Bills Aimed at Blocking Labor's Fiduciary Rule Hits Senate

Legislation aimed at blocking the Department of Labor’s fiduciary rule hit the Senate on Thursday, mirroring a bipartisan initiative already moving ahead in the House of Representatives.

Lisa Dolly to Take the Reins As New Pershing CEO
Pershing announced Thursday Lisa Dolly will take over as the company’s new CEO, succeeding longtime executive Ron DeCicco who decided to retire.
House Bill Aimed at Curbing Fiduciary Rules Moves Forward 2
Bipartisan legislation aimed at curbing the reach of the Department of Labor’s fiduciary rule for financial advisors is heading to a full vote by the U.S. House of Representatives for a full vote.
UBS Wealth Profits in U.S. Sink 94 Percent
UBS Wealth Management Americas’ fourth quarter pre-tax profit plummeted 94 percent from a year ago, due to market volatility and increased legal and regulatory costs.
RCAP Files for Prearranged Chapter 11
RCS Capital reached final agreements with creditors and filed for Chapter 11 bankruptcy on Sunday night.
DOL Moves Ahead with Finalized Fiduciary Rule 1
The Department of Labor moved forward with its plans to release a finalized version of its long-anticipated fiduciary proposal, sending a copy of the rule to the Office of Budget Management for review and approval.
The Pressure is Mounting for IBDs
Independent broker/dealers have been facing increasing pressure with fee compression on the rise and advisors increasingly expecting more and better services.
IBDs Bracing for Onslaught of Orphan Accounts 2
The Department of Labor’s fiduciary rule could create a wave of so-called “orphan accounts” at independent broker/dealers. Firms better be prepared.
Triad's New CEO Shooting for Perfection
Jeff Rosenthal became the president and CEO of Triad Advisors on Jan. 1, 2016, succeeding co-founder of the Atlanta-based broker/dealer, Mark Mettelman.
With DOL Fight Ending, FSI Eyes State Legislators as New Battleground

With the Department of Labor’s proposed fiduciary rule due out in the first half of 2016, the Financial Services Institute is focusing on helping prepare advisors and firms to comply with the new standard and will turning its advocacy efforts to the states. 

The 15 Biggest Sanctions FINRA Levied in 2015
The Financial Industry Regulatory Authority cracked down on a number of issues in 2015, although perhaps the most common (and costly) for many firms was mutual fund overcharges. Here are the top 15 fines levied by FINRA, totaling $134.4 million.
Morgan Stanley Withstands Market Headwinds to Post Profit Uptick
Morgan Stanley’s wealth management unit saw a 4 percent uptick in profits for the fourth quarter, outperforming peers who struggled with the strong yearend market volatility.
Comments
FINRA's Recruiting Disclosure Rule Passes to SEC
September 24, 2013

Thanks Ron, I think you have some valid points. You mentioned smaller bonuses on the RIA and independent sides, do you think that the wirehouses and other IBDs offering larger...

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