More in Opinions

  • Apr 3, 2014
    blog

    FINRA Cases Decrease, But Fines Increase

    The number of FINRA enforcement cases aimed at financial firms may be down slightly so far this year, but the fines themsleves are on the rise....More
  • Apr 2, 2014
    blog

    Focus Partners with $600M Louisiana RIA

    Lafayette, La.-based Summit Financial partnered with Focus Financial on Wednesday, making the $600 million firm the ninth transaction for Focus this year....More
  • Apr 2, 2014
    blog

    Retirement Plans See Progress as Investors Increase Contributions

    More and more retirement plan sponsors are making simpler for investors to participate, with many more adding automatic enrollment features and automatic contribution increases....More
  • Apr 1, 2014
    blog

    IBD Advisors Oldest in Industry

    While many think of wirehouse advisors as old and stodgy, the IBD channel actually employs the oldest guys in the business....More
  • Mar 31, 2014
    blog

    Advisors Make More Than Their Parents

    Financial advisors tend to be better off than their parents, making about 8 percent more than them in adulthood, according to a recent analysis by NPR....More
  • Mar 31, 2014
    blog

    No ‘Get-Out-of-Jail-Free’ Card for Financial Firms

    Manhattan U.S. Attorney Preet Bharara put financial companies on notice Monday, saying he will hold institutions, not just individuals, accountable for crime—no matter how big the firm's reach....More
  • Mar 26, 2014
    blog

    Could One Cyber Threat Take Down Your Practice?

    Target will live. But one data breach could bring down an investment advisor practice, speakers said during an SEC roundtable. Are small RIAs being left out in the cold?...More
  • Mar 25, 2014
    blog

    HighTower Chief: Robo-Advisors Will Weed Out the Posers

    In a piece on LinkedIn on the state of financial services, HighTower CEO Elliot Weissbluth says the robo-advisor trend will disrupt the industry and weed out “mediocre advisors.” Watch your back....More
  • Mar 25, 2014
    blog

    Lebenthal Snags $1.2B Team From Morgan Stanley

    Lebenthal Wealth Advisors brought onboard a $1.2 billion advisor team w from Morgan Stanley on Tuesday....More
  • Mar 21, 2014
    Commentary

    Advisors On the Move: Spring Thaw Inspires Change

    Raymond James continues its recruiting blitz while Wells Fargo Advisors and Janney pick up several advisors. Retirement Benefits Group also brought onboard a new wealth advisor in California....More
  • Mar 20, 2014
    blog

    Go Big or Go Home

    Almost two out of three advisors are managing at least one retirement plan, but recent findings from Fidelity find that dabbling in this space may not be the best business strategy....More
  • Mar 13, 2014
    blog

    CFP Seeks to Elevate Profession with Academic Center, Journal

    The CFP Board announced Thursday it’s getting more involved in expanding the intellectual heft of the advisory profession, even as it trims down its time-intensive examination process....More
  • Mar 7, 2014
    blog

    Advisors on the Move: No Winter Blues Here

    Lots of advisors making moves as the warmer weather starts to move in. NFP, Cambridge and J.P Morgan Securities picked up advisors on the IBD side of the aisle, while several firms—including a Dynasty partner firm, Cantor Fitzgerald and two Focus Financial firms—made acquisitions of entire firms....More
  • Mar 6, 2014
    Commentary

    Reading The FINRA Enforcement Tea Leaves

    For several years the FINRA enforcement arm grew bigger and bigger. Its staff increased. The number of actions increased. The number of fines increased. The number of bars and suspensions increased. And the number of litigations/arbitrations was on the rise. Last year, however, appears to have finally fared better for the brokers. What do those numbers mean?...More
  • Mar 5, 2014
    blog

    Banks See Wealth Management New Cash Cow

    Expect banks to become bigger players in the wealth management space. Over half of bank executives expect to grow their revenue from wealth management practices by 25 percent in the next five years....More
  • Mar 3, 2014
    blog

    The Blotter Report: Career Criminals

    It seems that some fraudsters are in trouble over and over. An ex-Merrill Lynch advisor out of Boston is being charged for additional fraud after she was convicted in 2012. Meanwhile, two men masquerading advisors are brought to justice after fleecing dozens of investors using investment scams....More
  • Mar 3, 2014
    blog

    Woodbury Taps Insider to Lead Firm

    Woodbury Financial selected its new president and CEO from within the ranks, tapping former vice president of business and field development Rick Fergesen to lead the firm....More
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