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May 2, 2019
Morgan Stanley Was “Asleep at the Wheel” When Insurers Canceled its Client's Policy, Lawsuit Claims
Advisors warn this is exactly what happens when you don't have proper safeguards.
DOL Rule is Back! Labor Takes Another Shot at a Fiduciary Rule
But this one will be aligned with SEC’s Reg Best Interest, says secretary Acosta.
Morgan Stanley Fired Advisor with Alleged Ties to College Admission Fraud Ring
Michael Wu allegedly introduced a Chinese family to the college counselor at the heart of the admissions scandal.
Raymond James Boss Predicts Reg BI and State Fiduciary Rules Could End Up in Court Brawls
The industry might not be convinced that state fiduciary rules are legal, posits Paul Reilly.
Cresset Acquires Yet Another Half-Billion RIA
It's the second purchase of a $500 million firm this year.
Why Most Advisors Don't Like where They Work
Sixty percent of advisors aren't satisfied with their current firms.
Raymond James Poaches $300 Million FA Team from UBS
Lori Siegel and Robert Russo join Raymond James Financial Services as Centrix Wealth Partners.
Senior Security Protections Receive Huge Support in Washington
A new bill would set up a task force within the SEC to monitor issues facing senior investors.
JPMorgan’s Deleted Financial Advice Tweet Invites Backlash from Lawmakers
The bank’s humorously-intended tweet suggesting clients make their own coffee and skip the taxi prompts criticism of the bailout and the salaries it pays its own employees.
Stifel’s AUM Grows 11.2% in Q1
The company’s advisor force, meanwhile, grew just 0.5% in the first three months of the year.
|The Client - Finding and winning new clients||The Client - Client retention|
|The Client - ERISA plans/institutional management||The Client - Behavioral finance|