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October 3, 2018

Charles Schwab Founder: Public Thinks Broker-Dealers are Used-Car Salesmen
The industry veteran says broker-dealers should take seriously their responsibility to clients.
The Suitability Rule Might be Eliminated
If SEC’s Regulation Best Interest is adopted, Finra will review its rules and make changes where appropriate.
Morgan Stanley Actively Looking for Thousands of New Staff
But hiring has tapered off since April.
LPL Looks to Solve New Advisor Training and Succession Planning in One Fell Swoop
The initiative will pair advisors new to the industry with existing LPL advisors.
Big Stifel Subsidiary Now Even Bigger With $1.3 Billion RIA Acquisition
1919 Investment Counsel has agreed to acquire San Francisco-based Rand & Associates.
Here's How Retirement Savings Change Under Congress' Tax Cuts 2.0
The Family Savings Act of 2018 will apparently make it easier for smaller firms to form multi-employer plans.
Why I Shun Mutual Funds in Favor of Stocks and Bonds
Custom portfolios add more value to HNW clients.  Video [ 5:22 ]   Transcript  
SEC Commish Calls for Stricter Cybersecurity Standards for FAs
Commissioner says wealth management should be held to the same standard as clearing platforms and exchanges.