The Practice: Marketing

Your Lifeline to Breaking Away: A Compliance Checklist

September 27, 2021No Comments

A lot of preparation goes into launching a business as an independent financial advisor. Here’s a checklist to ensure that you’re ready to open your doors to clients.

Big Wealth Brands Battle for Robo-Investor Attention

September 27, 2021No Comments

Robinhood, Mint and Acorn have high awareness among investors, beating established players like Fidelity and Vanguard, according to Hearts & Wallets.

Vanguard's Weak ESG Chops Putting Client Money at Risk: Report

September 27, 2021No Comments

Vanguard is ignoring the risk climate change poses to its portfolios, and trillions of client dollars are on the line, a new report claims.

State Securities Examiners Find Holes in Firms’ Protection of Seniors

September 23, 2021No Comments

The North American Securities Administrators Association says close to 60% of state-registered investment advisor firms don’t have the proper policies and procedures for preventing the financial exploitation of seniors.

SEC Must Clarify — Once and for All — Difference Between Broker and Advisor

September 22, 2021No Comments

XY Planning Network wants the SEC to clarify a provision in the Investment Advisers Act of 1940 and go through with a rule the regulator originally proposed in 2007.

Regulatory Inaction, Market Fairness Bigger Concerns Than Gamification

September 21, 2021No Comments

The Securities and Exchange Commission’s request for comments on digital engagement practices was an opportunity for many commenters to complain.

Robos Paying Influencers for Brand Promotion

September 20, 2021No Comments

One 25-year-old TikToker earns more than $500,000 a year from Betterment and several other companies for promoting their brands.

Finra Probes Firms' Social Media Use, Arrangements with Influencers

September 20, 2021No Comments

The industry’s self-regulator is requesting detailed information on referral arrangements with influencers as well as on how it uses non-public personal information.

MML Fined $4M for Failing to Supervise ‘Roaring Kitty’ in GameStop Runup

September 17, 2021No Comments

Massachusetts authorities have sanctioned a MassMutual subsidiary and ordered it to pay a $4 million fine over its failure to supervise agents, including Keith Gill, who gained prominence as username Roaring Kitty on social media.

Schwab, BofA Top Digital Retirement Plan Satisfaction Ranking

September 16, 2021No Comments

Nationwide, ADP Retirement Services and Voya Financial are ranked lowest for retirement plan digital participant satisfaction.