The deal marries S&P, one of the most famous names in financial markets, with a research company that supplies forecasts to most of the world’s biggest companies as well as pricing for bonds and credit default swaps.
Financial advisors are in a unique position to see changing behaviors in clients that might pop up amid hardships with career, health or finances.
Advisor Craig Rumbaugh led clients into investments that turned out to be a Ponzi scheme and failed to disclose his commissions.
The CFP Board has suspended financial advisor Timothy Hanna's right to use its CFP certification marks pending further investigation and possible disciplinary hearings.
The states are the two latest to create their own regulations based off the model passed by the National Association of Insurance Commissioners earlier this year.
The Office of the Comptroller of the Currency found the bank had deficient risk-management practices and lacked appropriate checks on conflicts of interest.
The combination of FWM Holdings and Stanhope Capital Group creates a $24.2 billion wealth manager.
