See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Some observers argue the CFP Board’s proposed changes go too far and that its resources could be better used elsewhere—others say the revisions don’t go far enough.
In this week's fund news, iM Global Partner continues U.S. expansion; ProFunds debuts the first Bitcoin strategy mutual fund; and investors have saved $357 billion thanks to passive indexing.
The firm already had a small wealth management business in the U.K., but this acquisition puts Raymond James in a more competitive position, CEO Paul Reilly says.
Former New Jersey State Attorney General Gurbir S. Grewal proposed a uniform fiduciary standard for that state, indicating a possible 'expansive' interpretation of Reg BI in his new role.