Diana Britton

The combination of Fiduciary Investment Advisors and DiMeo Schneider will create a $200 billion advisory firm focused primarily on institutional clients.

Lenders to RIAs are scrambling to make sense of the requirements as advisory firms have an opportunity to take advantage of a forgivable loan program designed to help them meet payroll during the economic fallout.

Current market conditions are expected to hit some broker/dealers hard, according to Moody’s, with the ratings agency lowering its outlook on Advisor Group, Cetera and LPL. Raymond James remains stable.

A Goldman Sachs equity analyst says LPL’s pure-play brokerage model will fare better in the market volatility than Raymond James’, which relies on investment banking and capital markets.

Advisors are putting sidelined money into equities, reallocating assets in line with models, and taking money out of the stock market, according to a recent live poll conducted by FlexShares.

April 24 is the new deadline to submit comment letters on several pending rules, including the agency's proposal to expand the accredited investor definition.

The earliest possible date for candidates to take all three levels of the test will be December of this year.

To accommodate advisors' changing schedules during this time, LPL has extended its service hours to include Saturday hours and extended weekday hours.