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As long as a nonprofit group stays "on the right side of the line -- even though either you or I would say what they are doing is wrong -- it's still protected by 'judgment,'" or a right to broad discretion in decision-making.
Comparing its authority to that of sororities, country clubs and other trade organizations, the CFP Board convinced a federal judge to throw out planners' fee only lawsuit.
The advisor agreed to a lifetime bar from the industry after a hacker who impersonated a client persuaded him to illegally transfer $160,000 of client funds.
With the addition of the new recruits, Faubourg Private Wealth Advisors now has seven former J.P. Morgan advisors.
Regulators have cracked down on LPL advisors in Massachusetts for using terms like "Retirement Specialist" and "Retirement Income Planning Specialist" -- while its planners use them elsewhere.
Aggregator adds myCIO to its four previous investments Veritable, Clarfeld Financial, Baker Street Advisors and Welch & Forbes.
LPL aims to serve retirement plan assets of large RIAs, some of its strongest competitors in non-retirement plan advisory work.
The Camardas' suit was prompted by board’s disciplinary policies; experts call on judge to reveal his reasoning for the good of the planning profession.
FSI endorses IBD head Brian Kovack for FINRA post; Kovack hopes to win mid-sized IBD seat in which he would says he would represent firms, not investors.
A Morgan Stanley exec and other industry experts urge financial planners to embrace this approach to making investments, popular with both millennials and women.
Advisors can take these steps to evaluate funds to ensure they are operating at the highest standard.
Morningstar is now rating active fund managers against a composite of passive managers, net of fees, every six months.
Advisors play a crucial role in keeping clients accountable to their retirement savings plans, according to experts at the Morningstar conference.
The commission ups its scrutiny of retirement-focused advisors and broker-dealers as elder fraud skyrockets, securities lawyer says.
Brian Ourand, former president of SFX Financial Advisory, stole $670,000 from clients, the SEC alleges; his former CCO and SFX agree to pay fines to the SEC.
Two former National Planning Corporation brokers "are just normal dudes and they just screwed up," says a lawyer for one of the men.
Pershing CIO Ram Nagappan offers a framework to help advisors think about how to transform their businesses to digital.
Roll-up firm adds six advisors from the insurer and one more from Hutchinson Financial.
Planners agree that the strategy is a boon for high-income clients, but controversy swirls around the issue of timing.
SEC sends contradictory message, critics say, urging the public's vigilance yet displaying leniency to a deceitful advisor.