Added on August 2015 in Form an RIA
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Summary: Since 2007, only one segment of the wealth management industry has boosted its market share every year: independent advisory firms. They’ve more than doubled their assets in that time, overseeing about $2.7 trillion as of 2014.
Added on August 2015 in Form an RIA
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Summary: More than two-thirds of financial advisors, 67%, say recent moves by regulators are having “minimal to no impact” on their risk assessment processes, according to a survey. Plus, 68% say Department of Labor and Securities and Exchange Commission actions have had “minimal to no impact on their client interactions regarding risk assessment.”
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Summary: As the proposal's comment period ends Tuesday, here's a snapshot of some of the larger parties' stances,
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Summary: Brokers aren’t the only ones who should be concerned about the Department of Labor’s fiduciary proposal, according to a brokerage industry trade group. The Financial Services Institute reiterated Tuesday that imposing a fiduciary mandate on advisors to retirement accounts would be a costly and complex burden for all advisors, regardless of business model.
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Summary: Penalties for breaking securities laws would increase almost tenfold under bipartisan legislation introduced in the Senate on Thursday. The bill would allow the Securities and Exchange Commission to levy fines of up to $1 million per offense by individuals and $10 million for each violation by firms for the most serious offenses, which would include fraud, deceit, manipulation and deliberate disregard for regulations.
