Industry

Current market conditions are expected to hit some broker/dealers hard, according to Moody’s, with the ratings agency lowering its outlook on Advisor Group, Cetera and LPL. Raymond James remains stable.

It was essential for state regulators to offer guidance for advisors working from home who may not be registered in their home state, according to the New Jersey Board of Securities bureau chief.

Some financial advisory firms are finding their commitment to virtual practices even more validated in the current coronavirus quarantine; for other teams, the value of a physical location is becoming more apparent by the day.

In a time when AUM-based advisors are being paid less and working more, Snappy Kraken is offering to reduce its fees and prices.

The advocacy group for broker/dealers says firms are finding it difficult to upgrade their compliance capability due to the tumult caused by the spread of COVID-19 and are asking for 'temporary regulatory relief.'

The bill provides direct help to citizens, businesses, hospitals and state and local governments.

Advisors are putting sidelined money into equities, reallocating assets in line with models, and taking money out of the stock market, according to a recent live poll conducted by FlexShares.

These financial advisors managed to grow their advisory firms during the Great Recession of 2008—lessons learned from that experience may help advisors facing the next one.

Chris Freimuth and his team left BOK Financial Private Wealth to form Elk River Wealth Management.