Megan Leonhardt

Megan
Leonhardt

Megan Leonhardt is senior editor for REP. magazine and WealthManagement.com, regularly penning articles around the wonderful world of the wirehouses, as well as writing on regulatory updates, legal cases and compliance issues.

 

Articles
Cyber Sweep: A Quarter of B/Ds Breached in Email Attacks
One in four broker/dealers have suffered losses of more than $5,000 after receiving fraudulent emails seeking to transfer client funds, according to the Securities and Exchange Commission.
Fidelity Purchases eMoney Advisor 1
Fidelity announced Monday that it planned to purchase eMoney Advisor, a wealth planning software company, from Guardian Life Insurance to enhance its technology offerings.
2015 Top 10 Brokerages on Social Media 2
With numbers adjusted for the size of the firm, here, in ascending order, are the top 10 most influential brokerages on social media.
Seven Snapshots of RIAs & Their Businesses
In its annual RIA Sentiment Survey, TD Ameritrade Institutional asked over 300 independent registered investment advisors their thoughts on a number of topics, including business growth, economic outlook and industry trends.
Institute Rolls Out Fiduciary Guidelines Ahead of SEC

Preempting a move by the Securities and Exchange Commission to propose and enforce a uniform fiduciary standard among financial advisors, the Institute for the Fiduciary Standard released a set of 11 best practices on Thursday for RIAs and brokers seeking to adhere to the standard.

TD Ameritrade Launches Free Career Site

TD Ameritrade Institutional rolled out a free internship and job search site on Thursday to help RIA firms attract the next generation of advisors.  

FSI Looking to Gain Influence on State Issues
With the Department of Labor’s expected fiduciary proposal and the Financial Industry Regulatory Authority CARDS proposal on hold, the Financial Services Institute is looking to gain traction on issues at the state level like filing fees and crowdfunding.
SIFMA Questions The Numbers in White House Research on Broker Conflicts 2
White House economic advisors say investors could be losing 10 to 15 percent of their potential retirement savings due to widespread abusive broker practices, according to a recently leaked memo. But industry advocates question where they got the numbers.
Cybersecurity Legislation Good for Industry
Both President Barack and Republicans promised to deliver cybersecurity legislation on Tuesday, but it remains unclear what those proposals will look like and the impact.
Morgan Stanley Profits Drop 8% in Q4
Morgan Stanley’s wealth management business saw mixed results in the fourth quarter with profits down 8 percent and revenues up 1 percent amid a difficult market, but CEO James Gorman says the firm will meet its profit margin targets by the end of the year.
New Coalition Pushes For DOL Fiduciary Rule

The Consumer Federation of America and Americans for Financial Reform have banned together with unions and AARP to launch a campaign aimed at pushing through the Department of Labor’s fiduciary proposal.

BofA Wealth Profit Dips Almost 10 Percent

Bank of America reported double digit declines in profit for the fourth quarter and its wealth business was not shielded from the dip, posting a 10 percent drop in net income from the year prior.

Slow Fourth Quarter for Wells Fargo Brokerage Business

Wells Fargo’s Wealth, Brokerage and Retirement division ended the year on a slow note, with profits down by 7 percent, or $36 million, from the $550 million earned the previous quarter.

 

Retirement Issues Top SEC's 2015 Priorities 1

The Securities and Exchange Commission says examiners will be taking a close look at the types of products offered to investors saving for retirement, in particular rollover accounts and the suitability of recommended investments.

Bernstein: Energy Sector Even Riskier Than You Think
We have yet to feel the full effects of the 50 percent drop in oil prices, argued Richard Bernstein, the CEO of Richard Bernstein Advisors. ,
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