Industry

Let's be clear what the SIFMA Standard is not. It is not tinkering at the edges of fiduciary practices to accommodate minor deviations for brokers.

The multi-billion dollar settlements for Bank of America and JP Morgan have dominated the news cycle.  However, I was shocked to read a recent article in the Economist about the staggering amount of fines levied against large companies doing...

It happens all too often. An advisor down the street is retiring, and buying his or her practice could be a quick way to pick up some assets. But advisors who go about buying a book of business in this way are less likely to have a successful acq...

Nearly two-thirds of Americans aren’t interested in getting financial advice—about 65 percent, according to a recent TIAA-CREF survey. But it's not all bad news. TIAA-CREF’s third annual Advice Matters survey of more than 1,000 adults  reveale...

U.S. regulator began examining fees 18 months ago, final analysis by year's end

Nicholas Schorsch, executive chairman of RCS Capital (RCAP), made his initial foray into the independent broker/dealer space with his purchase of First Allied Securities and The Legend Group, with 1,500 advisors. But since then, Schorsch has been...

The number of women in financial services is growing, but banks are leading the way. According to data provided by Cerulli Associates, women now represent 11.5 percent of all financial advisors, up from the 7.9 percent the firm reported in 2012. ...

Former chair of Trusts & Estates editorial board passed away on Aug. 11

Almost 100,000 brokers – or about one-third of the industry – are expected to reach retirement age over the next ten years