Added on November 2016 in Form an RIA
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Summary: Most of the impact of a Labor Department regulation to raise investment advice standards for retirement accounts hits brokers, but investment advisers also have to comply with the measure — a point that was emphasized in agency guidance this week about the rule.
Added on October 2016 in Form an RIA
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Summary: Investment advisers who have been through a Securities and Exchange Commission cybersecurity examination warned other advisers Tuesday not to wait for an inspection notice from the agency to begin fortifying their online systems.
Added on October 2016 in Form an RIA
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Summary: Risk management tools and tweaks are being introduced nearly daily now to help advisers comply with the Department of Labor's best-interest rule for retirement advice, which goes into effect in less than six months.
Added on October 2016 in Form an RIA
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Summary: The DOL rule could give a boost to the RIA breakaway business if more wirehouse reps shift to a fee-based model, said Walt Bettinger, CEO of Charles Schwab Corp.
Added on October 2016 in Form an RIA
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Summary: (Bloomberg) -- Morgan Stanley could do little but watch as a team of advisers overseeing $2.2 billion in assets quit last month to start their own shop, the latest in a string of departures that have shifted billions of dollars in assets away from big Wall Street banks.
