Advisor Business
Discretionary Accounts Will Dominate The Advisory World In Next Two Years, Cerulli Says
More advisors are taking the responsibility for making trades on clients' behalf, eliminating the headaches of having to "recommend" every portfolio move, industry benchmarking group Cerulli says.
Margaret Towle Takes Her $1 Billion To HighTower
The famous Dr. Margaret Towle is moving her $1 billion book and longstanding advocacy of the CIMA and CPWA certifications to HighTower Advisors.
Consolidation In The RIA Space Continues As Deals Get Bigger
Acquisitions are still going on at a steady pace in the advisory business -- and the deals are moving up the food chain as big RIAs gather more and more scale.
FINRA, Stanford Team Up To Create Financial Fraud Research Center
FINRA's investor education unit is working with Stanford University to dig into the mechanics of how financial crime works and how advisors can protect their clients.
The new Research Center on the Prevention of Financial Fraud just opened up.
As yet, given its roots in Stanford's Center on Longevity, it is taking a senior-oriented approach to the subject, looking at how and why older investors fall for various come-ons and retirement schemes.
Its activities are also aimed at educating members of the law enforcement and legal communities about common scams, but the
Schwab Promises Franchised Advisors Won't Compete With Existing RIA Affiliates
Months after the launch of its controversial "advisor franchise" program, Charles Schwab is laying out a few more details on how these offices will relate to existing RIAs.
