Search results for: SCO
SEC Settles Charges Over Broker Gifts With Fidelity
The Securities and Exchange Commission (SEC) announced that Fidelity Investments agreed to pay an $8 million penalty in connection with charges 13 current or former employees improperly took...
servicing strategies
A Wise Choice?
Advisers giving advice through the PPA's fiduciary adviser provision must play by rules that still are not final
sales champ
Designation “Hitters”?
Advisers may try to use designations to boost their businesses but regulatory oversight is increasing
investment-oriented
Exchange Rates
ETFs continue to be touted as the next best investment for retirement plans, but they are slow to gain traction
trendspotting
Lopsided Equation
Cerulli report says fee-based compensation increases, but revenues are down
beyond (k)
The Same, but Different
Although new rules may make 403(b)s more similar to 401(k)s, they are very much their own plans
FINRA Settles with Five Firms over Improper Fund Sales
FINRA (the Financial Industry Regulatory Authority) announced it has settled cases against five firms for improper mutual fund sales and supervisory violations.
Citi, Legg Mason in Overlay Business Deal
Citi and Legg Mason have agreed that Citi Global Wealth Management (GWM) will acquire the overlay and implementation business of Legg Mason Private Portfolio Group (LMPPG).
Wall Street Access’ Private Wealth Management Group Names New MD
Charles McCollough Wright, CFA, has joined Wall Street Access’ Private Wealth Management Group as Managing Director.
U.S. Wealth Management Firms Need to Build Client Advocacy
More than half (57%) of wealth management clients are not advocates of their advisory firms, and over 40% do not consider their firm a "trusted adviser" to help...
RS Investments Bolsters Institutional Sales Team
Jared Buell has joined the San Francisco-based investment management firm as Vice President of Institutional Sales and Service.
FINRA Fines Oppenheimer Over Market Timing Allegations
The Financial Industry Regulatory Authority (FINRA) announced that Oppenheimer&Co. will pay a $250,000 fine for allegations related to market timing in 2003.
Supreme Court Allows Individual ERISA Suits in Landmark Ruling
In a landmark ruling eagerly awaited by the retirement services community, the U.S. Supreme Court on Wednesday declared that defined contribution participants can bring fiduciary breach suits to...
Advisers not Generally Loyal to Providers
Fewer than one third of all financial services firms providing products across five investment categories enjoy positive loyalty ratings among advisers who sell their products, according to a...
Citigroup Halts Redemptions from Troubled Hedge Fund
Citigroup has suspended redemptions in CSO Partners, a fund specializing in corporate debt, after investors tried to redeem more than 30% of the fund's roughly $500 million in...
Lawmaker’s Proposal Eases Plan Start-up for Small Businesses
A Wisconsin Congressman has proposed a measure increasing small business incentives and reducing administrative requirements to start SIMPLE IRAs or 401(k) plans.