The Practice: Fees and compensation
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June 18, 2018Wells Fargo and BlackRock's Strategy to Win More Millennials with ESG OfferingsAssets in ESG funds rose close to 40% — but less than 10% of 401(k) plans offer them.No Comments
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June 18, 2018Revealed: How Fee Levels Contribute to Client LossNew report finds that very few clients even fully understand what they’re paying when deciding to go to another firm.No Comments
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June 18, 2018Here’s How Finra Judges Your Suitability StandardFinra doesn’t have a prescriptive approach when it comes to determining investment strategy or product suitability.No Comments
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June 18, 2018Janney Lures $400M FA Team from StifelThe Gormley Furlong Wealth Advisory Group includes several industry veterans with more than 20 years of experience.No Comments
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June 18, 2018Merrill Lynch Mulls Reversing Ban on Commission-Based Retirement AccountsThe wirehouse’s brokers welcome the review, although some say it could be embarrassing to explain to clients.No Comments
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June 15, 2018LPL Wins $330 Million Team from Lincoln FinancialLPL has recruited an advice firm serving $330 million in client assets from Lincoln Financial.No Comments
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June 15, 2018Here are the Big Flaws in the SEC’s Best Interest ProposalThe identified weaknesses include the ambiguity of best interest, the absence of a requirement for ongoing obligation for broker-dealers, and the potential for more confusion.No Comments
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June 14, 2018Morgan Stanley Reveals New Plan to Move Clients To Goals-Based AdviceThe wirehouse’s new tech offerings are aimed at helping focus clients on financial goals rather than investment performance.No Comments
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June 14, 2018Private Equity Drives Wealth Firm M&A Like Never BeforeFAs should heed what the ‘smart money’ says.No Comments
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June 14, 2018Investors Raise Advisor Fraud Concerns With the SECRetail investors ask watchdog about Madoff scandal, skills of financial professionals and suitability versus best interest standards.No Comments
