SEC Chair Gary Gensler says the emergence of new investment technologies that embrace gamification and collect user data raises questions as to whether investors are appropriately protected.
Between March and May, there were only 10 RIA transactions and two IBD deals, according to Fidelity.
Why two advisory practices decided to sell and become part of a larger benefits broker and a wealth management company.
Advocacy and lobbying organizations representing the interests of brokers/dealers and investment advisers operating in New Jersey continue to voice their disapproval of the proposed regulations.
“Because funds bear the cost of shareholder report delivery, intermediaries have little incentive to negotiate lower delivery rates with the fulfillment vendor or otherwise control costs,” the Investment Company Institute argues.
They see the differences between wirehouses, broker/dealers and registered investment advisers blurring.