Wealth Management industry news covering the financial markets, trends and wealth professionals.
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Among the biggest developments set to influence advisors’ businesses this year include Regulation Best Interest, the trade war with China, banking as a service and new use for health savings accounts.
The move to eliminate commissions at some brokerages will result in heightened scrutiny by FINRA examiners of alternative revenue sources, including cash sweep accounts and payment for order flow.
Gov. Charlie Baker raised questions about Massachusetts Commonwealth Secretary William Galvin's proposed fiduciary rule in a comment letter delivered on Tuesday.