Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Whom do you trust? Do you trust that your veterinarian always has your pet's interest behind every recommendation? Do you trust that your dentist always has your interest behind every proposed x-ray or procedure? Do you trust your local...
The hottest trend over the past 18 months has been the breakaway broker, the wirehouse advisor who leaves his firm to either become an RIA or to affiliate with an independent broker/dealer. The turmoil on Wall Street, the giant mergers of...
Your clients may fear a huge tax bite after President Obama signed historic health care legislation into law this week. After all, the legislation calls for taxes and fees on high-net-worth individuals and households to cover 22 percent of its ...
FINRA shut down Gunn Allen Financial Monday morning for failing to meet net capital requirements. The Tampa-based independent b/d, which has had a history of legal and regulatory trouble, was warned on Friday that it would have to cease operations...
The Certified Financial Planner designation is about to become more challenging to obtain. The Board of Standards this month approved a new prerequisite for its two-day certification exam: a 45-hour capstone course on financial planning. But...
The much-anticipated revival plan for UBS Wealth Management Americas will cap off a series of recent organizational changes garnering support from an important constituency: advisors at
the beleaguered brokerage, Registered Rep. has learned.
Banking reform legislation introduced Monday by Senate banking committee chairman Christopher Dodd would give the SEC greater enforcement muscle over RIAs, and would require it to conduct a study examining the effectiveness of extending the...
The hottest trend over the past 18 months has been the breakaway broker, a wirehouse advisor who leaves his firm to either become an RIA or to affiliate with an independent broker dealer.