Considered a win for independent broker/dealers and their advisors, the California state Senate passed a bill Thursday night that tightens rules governing independent contractor status but omits onerous paperwork requirements. The bill now moves...
The House proposed draft legislation Thursday that would allow one or more SROs to oversee all investment advisers. The bill was trotted out by House Financial Services Committee Chairman Spencer Bacchus in advance of a Sept. 13 hearing to review...
Bob Morrison was working up a comprehensive financial plan last year for new clients when he began noticing some odd behavior. Morrison, a planner based in Littleton, Colo., had been working with the couple—a 64-year-old man and his 52-year-old...
Detroit: “I’ve never been a natural networker” started Lisa as we wrapped up our webinar. “I read the Oechsli Institute's 2011 FA Report which stated that ‘strategic networking’ is one of the five high-impact marketing activities - so I guess I...
Seven broker/dealers have signed on this week with software provider Erado to launch interactive social media initiatives for their financial advisors. The new b/ds, represent about 5,000 reps.
Updated at 10:47 a.m. Bank of America gave the heave-ho to Sallie Krawcheck last night as part of a management shake-up. Rumors abound about why she was ousted, but most agree it means BofA has no plans to spin off Merrill.
Charlotte Beyer has been a trailblazer in the wealth management business before the phrase “wealth management” was even being used.
In 1991, the then 43-year-old financial services executive founded the Institute for Private Investors as a peer...
For months and even years, analysts have debated and speculated on whether gold is in a bubble and whether that bubble could be close to bursting. It’s also been written about time and again in the pages of Registered Rep. But the whipsaw we...
Dark Side of the Moon Citigroup Global Markets agreed in August to pay a $500,000 fine for failing to supervise a sales assistant, Tamara Moon, who allegedly stole about $750,000 from 22 customers, according to FINRA. Moon, who worked out of the...
