See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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Connectus, Focus' shared services RIA, will provide several business development functions, including marketing, digital onboarding, family office and back-office services.
The Biden administration announced last week the fiduciary exemption would take effect as scheduled, but legal experts argue the rule has some serious teeth that will impact client relationships with advisors and broker/dealers.
Goldman Sachs' Marcus platform features ETFs that focus on traditional stock and bond benchmarks, impact investments and smart-beta products designed by Goldman.
However, the Labor Department stressed that there would be "related guidance" released in the coming days, and would continue to research how the fiduciary exemption could be improved.