If Apple begins eyeing banking, there's danger for automated advice platforms, or so-called robo advisors, that have been moving into cash management.
SEC Chairman Jay Clayton reiterated his belief that improved disclosures would, in many cases, be sufficient to ensure investors are protected.
The insurance broker plans to integrate the wealth manager with its Sontag Advisory business, creating an RIA with more than $11 billion AUM.
Financial advisors should consider the benefits of non-correlated assets within a client portfolio, rather than attempt the impossible of market timing.
A year ago, about 40 independent advisory firms and broker/dealers were using the platform. Now, more than 100 have signed on.
