A big part of being a fiduciary has always been knowing exactly what your clients are paying for their investments, and making sure they’re getting the best deal. But today, advisors who act as fiduciaries have to keep a closer watch over...

Bank of America is making a push into electronic brokerage services, a menu that includes free online trading and a new platform called Merrill Edge, set to debut in late June. Some say the new services will steal business from Merrill advisors.

What does financial regulatory reform mean to you, the retail financial advisor?

Penny Stock Purveyors ...

The Cato Institute recently reported that there are no less than 28 “studies” recommended in the Senate’s version of the financial regulatory reform bill. Of all these “studies,” the most wasteful and harmful is the...

Seventy-nine-year-old widow Lois Pillen alleged that in 2007, various securities were purchased in her Wachovia Securities LLC account without her authorization. The FINRA Arbitrator found Respondent Wachovia liable for and $26,000.00 in...

After 28 years with Edward Jones, and 14 years as the firm’s chief market strategist, Alan Skrainka was let go from the firm on Friday. According to a Jones spokesperson, Skrainka was ousted due to “his use of written materials without...

Paying retention bonuses to top brokers to keep them from jumping ship is a pricey strategy that only works some of the time, a report released today by Aite Group shows. Aite surveyed 400 advisors in wirehouses and independent b/ds in the fourth...