Despite a legal challenge and other controversies, implementation for the SEC’s long-awaited Regulation Best Interest is here, and the agency is set to begin examinations and enforcement.
The Department of Labor said the proposed rule would align with the SEC's Regulation Best Interest, while consumer advocates call it as a wishlist for the brokerage industry.
While many advisors expect to gain new clients over the next year, few have the time for prospecting, as they focus on meeting or communicating with current clients, according to a Natixis survey.
The massive retirement plan record-keeper will integrate the technology and advice tools of Personal Capital to become an end-to-end advice provider.
Technology, TAMPs and expansion are all at play, as TA Associates reinvests and Genstar Capital offers its Midas touch.
Chip Roame was a member of the Envestnet Board for nearly a decade.
While the justices sided with the Trump administration in the separation of powers clash, it stopped short of abolishing the agency altogether.
In light of the federal appeals court decision to uphold Reg BI, XYPN says it may take its case to the Supreme Court. Fiduciary advocates also expect more states to take action.
