New campaign will help investors find and screen fiduciary advisors

AIG Advisor Group agreed to pay $9.5 million on Monday to settle allegations their advisors violated their fiduciary duty by steering clients into mutual fund share classes that would generate 12b-1 fees instead of lower-fee products...

Today’s best offices of supervisory jurisdiction deploy professional business consultants, guerrilla marketing and innovative transition strategies to large pools of independent brokers. 

MetLife is in discussions to sell its U.S. advisor force to MassMutual Financial Group, the company announced Thursday morning. No timetable has been set for an agreement, MassMutual said in a statement. MetLife has 4,000 advisors, according to...

The Department of Labor’s fiduciary rule could create a wave of so-called “orphan accounts” at independent broker/dealers, IBD executives said during the Financial Services Institute's OneVoice conference Tuesday. ...

AIG has sold its Advisor Group broker/dealers to Lightyear Capital, a private equity firm, and PSP Investments, a Canadian pension fund investment manager, the insurer announced Tuesday morning. The deal is expected to close in the second quarter...

After just two months in the role, Larry Roth has stepped down from his role as CEO of RCS Capital (RCAP), the struggling parent of Cetera Financial Group that plans to file a prearranged Chapter 11 bankruptcy by the end of the month...

In light of the “dis-economies of scale” at work in the large firms, we see a significant opportunity for boutique advisory firms serving NRCs.