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May 16, 2019
Broker-Dealer Exams Face Dramatic Overhaul
Finra’s plan is in line with creating more risk-based exams tailored according to business models.
UBS Cuts 150-Plus Support Jobs, News Reports
Wealth management is among the units affected.
Fidelity Squeezes Out Goldman Sachs on the Short Sell
Goldman took around 10% generated by Fidelity’s lending of stocks, primarily for short-selling.
New Bad Broker Rule Reflects Finra’s “Greater Risk, Greater Capital Requirement” Policy
Back-testing unearthed firms with up to nine times the misconduct records of their peers.
Carson to Roll Out Banking Option for Clients
Carson’s advisors could charge up to 1% on the accounts but Carson doesn't know if it’ll be able to generate revenue.
Focus Financial Adds Pacific Northwest RIA
The Portland RIA has agreed to join Focus partner firm Vista Wealth Management Group.
Why Finra is Committing to Regular Internal Reviews
Finra will embed its 360 review program within its operations.
Ex-Mutual of Omaha Advisor Barred in State
Ed Matthes allegedly swindled clients out of at least $2.4 million.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|