See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Among the biggest developments set to influence advisors’ businesses this year include Regulation Best Interest, the trade war with China, banking as a service and new use for health savings accounts.
The move to eliminate commissions at some brokerages will result in heightened scrutiny by FINRA examiners of alternative revenue sources, including cash sweep accounts and payment for order flow.
Gov. Charlie Baker raised questions about Massachusetts Commonwealth Secretary William Galvin's proposed fiduciary rule in a comment letter delivered on Tuesday.
The majority of RIAs say the move to zero commissions would not influence their decision to use ETFs versus mutual funds, according to a TD Ameritrade survey.
