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Attorneys general from seven states, including New York and California, along with the District of Columbia, argue that the SEC's rule doesn't protect investors as mandated under Dodd-Frank.
The expanded support programs come as co-founders Michael Kitces and Alan Moore said they are pushing back against a perception that the organization, now five years old, is just for financial advisors new to the industry.
Advisors are bullish on the industry’s prospects for continued M&A, although challenges, such as a lack of confidence that the next generation can afford to buy them out, abound, according to a recent DeVoe & Co. study.