Fees have long been heralded as the preferred way to dispense financial advice ever since the Tully Commission recommended it as a “best practice” in a report to the SEC in 1995. As the chart below shows, charging fees on assets continues to grow...
Mergers and acquisitions seem to be crawling back to the top of RIA principals’ to-do lists this year, as the first quarter’s numbers show record activity. What is your financial advisory practice worth?
Deborah McWhinney's plan to turn Citi's bank brokers into fee-only investment advisors has triggered a mass exodus. But paring down the small bank brokerage unit or farming out wealth management entirely may be McWhinney's master plan.
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.
Senate banking committee chairman Christopher Dodd is set to introduce banking reform legislation Monday without Republican support, in part due to pressure from the Obama administration. The latest version of his legislation is said to adhere...
Registered investment advisors report that their clients are closing their wallets and watching their dimes and quarters. A survey commissioned by Charles Schwab says that 32 percent of advisors cite “frugal spending habits” as the new...
