See the latest on the Wealth Management Industry including M&A activity, diversity and inclusion and RIA updates.
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The SEC made a substantial change to its Customer Relationship Summary that largely went under the radar: the removal of the word "fiduciary" from mandated language RIAs must use to describe their standard of conduct.
A new report from Forbes Insights and Temenos also found a majority of wealth managers saw attracting mass affluent clients as "highly important" for their practice.
The next iteration of the firm’s 'Advisor Sleeve' technology will allow advisors to stress-test their model portfolios using machine learning and artificial intelligence.
The fifth-annual Advisor Authority survey showed that more than half of advisors and investors were concerned about market volatility and a U.S. economic recession within the next 12 months.
A group of 11 financial trade organizations plan to ask the state's securities regulator to reconsider its fiduciary rule in the wake of the SEC's Reg BI rules passed recently.
The Office of the Secretary of the Commonwealth said the SEC's Reg BI fails to protect investors with a fiduciary standard for brokers, and so it's looking to impose one of its own.