See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The Department of Labor said the proposed rule would align with the SEC's Regulation Best Interest, while consumer advocates call it as a wishlist for the brokerage industry.
While many advisors expect to gain new clients over the next year, few have the time for prospecting, as they focus on meeting or communicating with current clients, according to a Natixis survey.
In light of the federal appeals court decision to uphold Reg BI, XYPN says it may take its case to the Supreme Court. Fiduciary advocates also expect more states to take action.
The Northern Trust Institute will focus on helping clients dealing with retirement, small business ownership, multigenerational families and major life changes such as divorce or a spouse's death.
As part of the rollout of Envestnet's Advisor Services Exchange (ASx), Dynasty is opening its financing options to RIAs outside of its network for the first time.