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August 2, 2018

Merrill Lynch Lawsuit Brings Cautionary Tale to FAs Handling Client Estate Documents
The suit concerns the apparent lack of execution of a transfer on death agreement.
Fidelity Seeks Injunction Against Departing Advisor
Rep who oversaw $2.7 billion left for a new RIA in July.
Wells Fargo FAs Managing $675M Form Indie RIA
The team had met at Merrill Lynch before joining Wells Fargo’s independent channel in 2012.
SEC’s Regulation Best Interest Could Cause Confusion, Lawyer Says
Lawyer outlines three ways in which Regulation Best Interest governing broker-dealers isn’t like the best-interest standard for investment advisors.
Compliance Concerns Shouldn’t Steer FAs from Active Strategies
Using passive investments alone doesn’t protect clients against downside risk.
CFP to Educate Members on Its Standards Overhaul
The group will conduct forums for CFP designees and the public on its new code of ethics and standards.
Former Advisor Charged with Defrauding Elderly Investors
The nine-year scheme allegedly promised investors guaranteed returns.

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