As continually emphasized by current and former SEC officials this month during the 21st Annual IA Compliance Conference, examiners will continue to review the fees that advisors are charging clients on certain investments, the adequacy of their fee disclosures, and how their investment choices impact investors’ bottom lines.
Advisors considering transitioning away from wirehouses or regional brokerage firms often are tempted by the 90% payouts offered by independent broker-dealers. However, industry recruiter Mark Elzweig cautions advisors to treat those high payout incentives with skepticism because of the additional fees and costs involved.
Wells Fargo Advisors has eliminated bonus compensation for advisors' sale of banking and lending products.
The SEC has launched a review of mutual fund companies to monitor their leveraged investments.
A recent InvestmentNews article discusses why financial advisers, who are planning to move to a new firm, should adopt a creative visualization to make it happen.
The RBC has agreed to pay a large amount in restitution to settle a collusion probe while also promosing not to use anti-competitive practices in the future.
Why do you think only one fourth of advisors have a written succession plan?
HighTower is taking hits in the form of high profile advisor and team defections. Original partners received special deals, but recent press reports state they have nothing to show for as a result.
