HighTower expanded its operations on the West Coast Monday with the addition of the team from Washington-based Triad Wealth Stewardship with $400 million in client assets...
So called “robo advisors,” startups that have made big bets that individual users will increasingly get financial advice, portfolio strategies and clear performance metrics directly from online platforms, are gaining steam. Assets in...
An overwhelming majority (80 percent) of firms said gaining new clients through business and existing client referrals was their top strategy to spur growth this year, according to the more than 1,100 advisory firms that participated in Schwab’s ...
Parents don’t want their children counting on future inheritances, while children don’t want to upset their parents by talking about their estate planning. The result? One in three parents haven't had detailed conversations with their adult child...
Digging Up More Dirt
A Long Island financial planner is facing up to 25 years in prison for allegedly stealing $1.6 million from a special needs camp and others—and the evidence keeps mounting.
The Nassau County District Attorney’s office arres...
RIA firms continue to increase their investment in compliance, boosting the number of dedicated staff and overall employee training, according to a recent survey.
The number of RIA firms employing six or more employees focused on compliance jump...
A lot of smart people are betting on rising interest rates and a coming bear market in bonds. Yet, people have been calling for an end to the decline in interest rates for years, said Dennis Gartman, editor and publisher of The Gartman Letter...
A senior official with the Securities Exchange Commission told Congress Thursday the regulator may not have sufficient data to move ahead on fiduciary rulemaking, but industry groups aren’t buying it...
Don Runkle, former head of compliance for Raymond James and current director of consulting services at Edgerton & Weaver, highlights some issues he sees with FINRA’s proposed restrictions on who can serve as public arbitrators. Last week FINRA as...
The trend is your friend, until it ends. As the stock market rallies, S&P Capital IQ Equity Strategist Sam Stovall believes we’re overdue for a correction of 10 to 20 percent. It’s been 32 months without such a decline, while we...
