One investor group argues the state’s final rule, going into effect March 6, has been significantly weakened to mirror some of the worst aspects of Reg BI. Meanwhile, industry groups are concerned with how fast the rule has been finalized.
Morgan Stanley's acquisition of E*Trade could create an in-house channel for independent advisors through the RIA custody business.
The choice surprised analysts, investors and even insiders because of his limited experience in wealth management and investment banking.