Just when the industry thought it didn’t have to worry about the DOL, the agency has made it clear that its fiduciary standard is imminent. For registered reps and RIAs alike, it could change the game.
The CFP Board admits it could have done a better job with compensation disclosures on its website. The Board now plans to do a systematic review of a random sample of 3,500 CFP holders who identify as “fee-only."...More
In its annual regulatory and examination priorities letter released today, FINRA said it will focus on brokers who leave "problematic" firms. FINRA will also be cracking down on firms that hire high-risk advisors....More
In April 2012, FINRA released Regulatory Notice 12-18, which features the Authority's proposed overhaul of the broker expungement process. The overhaul applies primarily to brokers whom customers do not name as defendants to their FINRA lawsuits....More
Just when the industry thought it didn’t have to worry about the DOL, the agency has made it clear that its fiduciary standard is imminent. For registered reps and RIAs alike, it could change the game....More
If you are a retail financial advisor (independent, RIA-affiliated, wirehouse --- it doesn't matter where you sit), please contact me or any of WealthManagement.com and REP. staffers. We are searching for candidates to receive our 33rd annual Advisors with Heart Awards. The award and profiles (and how-to incorporate philanthropic advice into your practices) will appear in the May issue, both in print and online. ...More
Yes, I am reaching back into the archives on this argument, but the point is still valid: If you have clients who are expecting their DB plans to come through during retirement or, heaven forbid, rely upon social security, whew!...More
When it comes to switching firms, advisors must plan their transition carefully. It requires thoughtful planning, a desire to run and grow your business, and unwavering dedication to do what is right for your clients....More
Research shows that while the average age of financial advisors has gone up, the percentage of advisors that don't have a succession plan in place has gone up as well. Why don't more advisors have a plan, and how can the industry better prepare for the future.
The U.S. corporate high yield market has grown from $250 billion to a $2.4 trillion industry. High yield has proven to be a solid asset class for investors, over time producing comparable returns to the S&P 500 with approximately half the volatility....More
Why do we make decisions that aren’t always in our own best interest? This group of articles from the Investments & Wealth Monitor takes a fascinating look at behavioral finance and behavioral portfolio management....More
With the wind at their backs, sprinters have broken speed records. Similarly, the tailwind of a bull market has boosted the fortunes of equity investors over the past five years. In both cases, the pace cannot be sustained over a long period of time. Look back no further than the past 10 years for confirmation of the market’s lack of endurance....More