See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The SEC had accused Christopher McClure, the owner of Westport Capital Markets, of enriching himself by investing client funds in risky securities with additional, undisclosed mark-ups and fees.
The SEC will give advisors an extra month to file their Form ADV, both parts 1 and 2, in light of the business disruptions caused by the coronavirus pandemic, and left open the possibility of further postponement.
A bipartisan bill introduced Thursday would allow public sector employees, including K-12 teachers, to add lower-cost investment trusts to their retirement portfolios.
Broker/dealer trade groups, including the Financial Services Institute and the Securities Industry and Financial Markets Association, argue in support of the SEC's proposed rule in an amicus brief this week.
The XYPN co-founder will join the Focus Financial-owned firm as the head of planning strategy to continue to do for financial planning what his new colleague Larry Swedroe has done for investing—advocate for a research-led, evidence-based approach.