Industry
Resistance To The Fiduciary Rule Comes From Advisors Pleading Poverty
Advisors who already take pride in their fiduciary status are eager for regulators to make it mandatory industrywide. But who are the people who consider fiduciary practice a burden?
LPL Seen Getting Securities America Reps If Not The Firm Itself
More rumors that a lot of Securities America brokers are at least considering fleeing to LPL. If so, LPL could get a big chunk of its rival's business without absorbing the legal liabilities.
Sallie Krawcheck Hates "Cross-Selling," But Isn't That The Point Of A Bank-Wirehouse Merger?
The head of Merrill Lynch wants the world to know her reps don't have to push banking products from their new corporate parent, Bank of America. Oh really?
FPA Says Membership Decline Is Over, But How Can We Tell?
After a contentious decade, the Financial Planning Association says the worst is behind it. But while the rhetoric is welcome, it's hard to gauge concrete progress.
Fidelity Captures $2 Billion In Ultra-Wealthy Accounts In Under Six Months
Extremely wealthy people are often lured into the world of private banking and family offices, but Fidelity is successfully offering advisors the tools they need to compete with those white-glove institutions.
