The
The hearing was scheduled before the
Since 1999, the SEC has allowed fee-based brokers to give investment advice as long as that advice is “incidental” to executing trades. Financial planners say that these brokers are providing more than “incidental” advice.
The SEC regulates brokers under the 1934 act and investment advisors under the 1940 act.
AI-powered YourStake has since expanded into a comprehensive advisor platform, offering portfolio analytics and meeting automation, claiming to save five hours a week for advisors.
The president of Merit Financial Advisors said deciding to merge her previous firm instead of following a succession plan allowed her to shift perspective.
The adjustments reflect how inflation is slowing down and upcoming changes to the rules based on the Secure 2.0 Act and the Tax Cuts and Jobs Act.
In trying to claim the title "No. 1 global wealth manager," Citi is putting a lot of stock in its ability to secure client referrals through its bank. Will it be enough?
Sales were mostly flat until 2020. Over the past four years though, they've nearly doubled.
An industry survey of 200 compliance officers showed that a mere 12% of respondents currently using AI said they also adopted an AI risk management framework; experts said advisory firms need an AI governance plan ASAP.
