Morgan Stanley sold its retail asset management unit after the financial crisis. "In hindsight, I’m not sure that was a great idea," CEO James Gorman said.
Volatility and rising interest rates have made advisors keen as ever on active investment strategies.
The SEC chairman said the agency’s proposed rules around improved disclosures and a best interest standard for broker/dealers and advisors are meant to meet the reasonable expectations of clients, regardless of the business model.
More bitcoin bashing, how utility costs affect retirement and a crypto miner takes a nice, warm bath.
For the second time, a three-judge panel ruled against the state attorneys general of New York, California and Oregon to intervene in the case against the DOL fiduciary rule.
OSJs need to show they provide value to advisors who would otherwise remain self-supervising.
The ranks of women billionaires are growing faster than men, Focus adds a team of former Merrill advisors and Securian Financial launches its first national ad campaign.
The organization will conduct a search of public records within 15 days of a new U4 filing, helping member firms fulfill a regulatory requirement.
John Sauter was said to be fired in February over decades-old case.
