Raymond James agreed to pay $15 million to settle Securities and Exchange Commission charges that three of its entities overcharged advisory fees on inactive retail accounts and charged excess commissions for brokerage investments in unit investment trusts.
Here are just a few court cases that have had an impact on the financial world.
Seven states and D.C. are taking the SEC to court over Regulation Best Interest.
Take a look at some of the more infamous bear markets in the last century.
In case you missed this week’s financial news headlines …
In case you missed this week’s financial news headlines …
Americans are behind much of the developed world in their understanding of personal finance.
In case you missed this week’s financial news headlines …
Each week MDRT and AdvisorNews bring readers advice on topics encompassing the financial services industry including case studies, practice management, tips for success and much more.
The 84th anniversary of the creation of Social Security is this week. The question is will it be around for another 84 years?
Gun-rights objections reportedly prompted Gov. Chris Sununu to veto legislation that would have allowed financial advisors to delay disbursement of funds from an investment account if they suspected financial abuse.
In case you missed this week’s headlines in financial news …
Financial advisors are the doomsday preppers of the financial world, so when markets change, advisors have an opportunity to exceed their clients’ expectations.
In case you missed this week’s financial news headlines …
If the Setting Every Community Up For Retirement Enhancement Act does get passed the Senate next session, it could mean…
It was supposed to be an all-in, surefire thing back in May when the Setting Every Community Up For Retirement Enhancement Act passed the House of Representatives in an overwhelming 417-3 vote of support. Proponents of the bill had hoped for a quick passage in the Senate, but two months later, the proposed retirement legislation seems destined to hang in limbo for the remainder of the summer due to a Republican hold on the bill in the Senate and the budget agreement closing off additional measures.
In case you missed this week’s headlines in financial news …
In this week’s headlines …
Ahead of a House Financial Services Committee meeting, Rep. Maxine Waters (D – Calif.) called for more diversity and representation…
After months of regrouping, the Financial Planning Association’s OneFPA Network Plan is finally ready for its debut.
The new law of the land is layered and its potential impacts, numerous. The fiduciary governance experts over at Stradley Ronon Stevens & Young said firms and advisors need to be well-informed and proactive to make sure they’re Reg BI-ready come next year.
In case you missed this week’s headlines.
In case you missed this week’s headlines.
The continuing exponential growth of the cannabis industry has American investors seeing green.
By a 227-200 vote, the U.S. House of Representatives today approved a package of amendments to HR 3351, the Financial Services and General Government Appropriations Act, that includes a provision to prohibit the U.S. Securities and Exchange Commission from implementing or enforcing Regulation Best Interest.
Rep. Maxine Waters is pushing an amendment to block funding that the Securities and Exchange Commission needs to implement its newly enacted Regulation Best Interest rule. The House Rules Committee last night accepted the amendment for House floor consideration.
We’ve all heard of bull and bear markets, but what about an eagle market or a wolf market – not so much, right? Well, according to one industry professional, there are actually four market environments, not just the two we all love to obsess over when the market turns.
In case you missed it:
Takeaways from Reg BI’s final form.
In case you missed it: Here’s this week’s headlines.
Here’s what advisors should do and not do in order to be in compliance with the new rule.
For advisors and planners looking to get the most out of their summer reading, these titles make a great addition to any carry-on.
In case you missed it: Here’s this week’s headlines you might have missed.
Just one year after the Department of Labor fiduciary rule was vacated, the financial services industry is again reeling and rejoicing (depending on where you are in the industry) after the Securities and Exchange Commission’s approval of Regulation Best Interest and its subsequent rulings.
The three-fold rulemaking package, which debuted last April went up for a vote this morning as Chairman Jay Clayton and Commissioners Elad Roisman, Robert Jackson, Jr. and Hester Peirce gave their final thoughts on the matter before the vote.
The Securities and Exchange Commission is voting tomorrow on a three-part rulemaking package containing regulation best interest.
In case you missed it: Here’s this week’s biggest headlines.
Across the financial planning profession opinions vary greatly about what is appropriate attire for meeting with clients, attending conferences with their peers and leaving their own personal mark on their style.
AdvisorNews asked a varied group of advisors for their thoughts on attire. Here’s what they had to say:
Knowing what an investor wants is hard. It requires being a teacher, behavioral coach and an advisor, but it doesn’t have to require being a mind reader.
After months of visiting and listening to members, the Financial Planning Association’s national leadership recognized that their centralization plan was far too much too soon for members.
In case you missed it, here are a few headlines from this week in financial services news.
The Securities and Exchange Commission scheduled a June 5 vote on its Regulation Best Interest rulemaking package. The vote will…
A former congressman told an industry group he believes Congress is “co-partisan” when it comes to retirement security issues.
ESG investment strategies are on the rise, the Allianz ESG Investor Sentiment Study found, and the return on investment isn’t the only reason these in-demand investments are making waves with investors – it’s the emotional payoff.
CHICAGO – The 2019 Morningstar Investment Conference wasted no time answering the most pressing questions on advisors’ minds. From understanding…
Charts, plans and formulas can tell clients the right thing to do, but they will not get clients to do the right thing, according to Morgan Housel of The Collaborative Fund.
The Massachusetts Securities Division requests public comment on a proposed amendment to existing disclosure obligations on advisors registered in the state.
Melanie Husk, a financial planner and founder of MEL Consulting Company in Chicago has made a career of helping people achieve their financial goals. A former volunteer with Women Tech Founders and Femfessionals, Husk has made it her focus to empower women to economic prowess. At her company, Husk teaches a financial wellness program once a year to educate and empower women. AdvisorNews asked Husk a few questions about what advisors can do to better empower female investors.
In case you missed it, here are a few headlines from this week in financial services news.
Clients often come to estate planning with a lot of misconceptions. Here’s a few big ones and how advisors can get their clients back on track with a successful estate plan.
In case you missed it this week President Trump nominated a new SEC commissioner and Maryland gives state fiduciary rule a bad report.
Utilizing your EQ more often with clients, family and friends can help you better understand people and their motivators. Employ these techniques to improve your EQ and enjoy the benefits of a more personal connection to those around you.
March is Women’s History Month. As such, it’s the perfect time to celebrate the historic women who paved the way for all of the women currently working in the financial services industry by acknowledging the triumphs and obstacles they faced and sharing their stories.
Sustainable investment strategies have the financial services industry seeing green in more ways than one.
Advisors: help your clients separate fact from myth by educating them on these common misconceptions.
The United States House of Representatives Committee on Financial Services and the House Subcommittee on Investor Protection, Entrepreneurship and Capital Markets held a hearing Thursday morning examining the Securities and Exchange Commissions proposed Regulation Best Interest rule.
A new type of advisor is emerging, shaking up traditional, outdated approaches and placing greater emphasis on getting ordinary workers retirement-ready.
Are you or someone you know new to the financial services industry? Check out our guide to industry associations and groups to make the decision-making process a little easier.
The eye-opening experiences of helping her husband transition into retiree life prompted Adams to starting focusing on the non-math aspects of retirement with her clients ensuring they really are retirement – ready.
