The Practice: Fees and compensation
Corporate Bond ETFs' Hidden Cost: 48 Bps
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New research calls for greater regulatory oversight of the relationship between ETF issuers and authorized participants.
LPL's FA Headcount Jumps 9% YoY
August 3, 2022No Comments
However, the firm saw steep drops in both its advisory and brokerage assets, with the total falling by 8% compared to March and by 4% year-over-year.
Here's Why Advisors Think They're Successful
August 2, 2022No Comments
Male and female advisors approach the impact of other people on their success quite differently, according to survey findings.
Home Office News: Morgan Stanley Simplifies Fees, Merrill Gaining More Clients Under 40, and More
July 29, 2022No Comments
A roundup of key updates from major broker-dealers, registered investment advisors, custodians and other distributors.
RayJay Private Client Group Pre-Tax Income Up 29% YoY
July 28, 2022No Comments
The unit saw healthy growth in revenues despite a significant drop in client assets during its fiscal third quarter that ended in June.
Ameriprise Client Assets Down 9% but Earnings Up 16% YoY
July 27, 2022No Comments
The firm also continued adding financial advisors in the second quarter.
Stifel Client Assets Down 6% but Income Up 8% YoY
July 27, 2022No Comments
The firm’s advisor ranks remained flat from the end of March, meanwhile.
SEC’s Gamification, Order Flow Scrutiny ‘Silly’: Robinhood Exec
July 26, 2022No Comments
Dan Gallagher — who left the commission for the private sector in 2015 — said that the regulator's proposed rulemaking related to the January 2021 meme-stock frenzy makes him laugh.
UBS Americas Wealth Biz Sheds FAs in Q2, Profit Down 21% YoY
July 26, 2022No Comments
The bank also revealed that it’s under investigation over its employees’ use of unapproved communication channels.
Private Advisor Group to Pay $5.8M Over Fees, Share Class Selection
July 25, 2022No Comments
The company allegedly failed to disclose conflicts of interest and breached its duty to seek best execution.