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...
It is easy to forget that the current environment has created a tremendous opportunity to acquire new affluent clients. However, this opportunity must be approached with a true understanding of today's affluent investor.
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...
Fat recruiting packages, economic turmoil and mergers between some of the country’s largest brokerage firms have driven many financial advisors to switch firms in the past 18 months. But while hiring firms are usually happy, the firms left...
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...
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...
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.
