Industry

Speaking at the custodians' conference, the panel said a divided Congress would likely mean a diminished COVID-19 stimulus as well as a more difficult road for President-elect Joe Biden's tax policies.

The SEC’s Reg BI and the DOL’s new fiduciary rule could both be revisited by a Democratic administration.

Finance executives will be closely watching how Biden handles the coming internal Democratic fight between centrists and progressives that threatens to increase regulation and dent profits.

The latest report from Backend Benchmarking found that some digital advice firms, including Wealthsimple and M1 Finance, actually improved their performance and funding during COVID-19.

The Canadian firm announced it had submitted an application to be listed on the NYSE.

If Joe Biden is the winner of Tuesday's election, a Republican Senate could make it more difficult to overturn Trump-era regulations and enact the Biden agenda that would most impact financial advisors.

The deal with Stavis & Cohen Financial, which has about $570 million in assets, will bring CI Financial's total U.S. assets to about $13 billion, and its North American assets will total $59 billion.

Financial advisors don't see major disruptions to their clients or their practices despite the uncertainty of the election outcome.

The SEC Enforcement Division's annual report also detailed how the regulator had dealt with the enforcement ramifications of the COVID-19 crisis.