Commonwealth to Eliminate Commission-Based Products in Retirement Accounts

Oct 25, 2016

Commonwealth Financial Network will stop offering commission-based products in retirement accounts once the Department of Labor fiduciary rule goes into effect on April 10, 2017, the company announced...

TD Ameritrade Faces Scrutiny Over Scottrade Purchase

Oct 25, 2016

TD Ameritrade's acquisition of Scottrade, which combines two of the United States' "big five brokerages," is expected to trigger heavy scrutiny from regulators.

Morgan Stanley CEO Gorman Takes Aim at Quarterly Reporting

Oct 25, 2016

James Gorman joins Wall Street leaders like BlackRock CEO Larry Fink and JPMorgan Chase's Jamie Dimon calling on companies and investors to look past quarterly earnings.

The New Challenge for RIAs: To Re-Differentiate Themselves

Oct 25, 2016

Twenty years ago, registered investment advisors could capitalize on being fiduciaries; that was their differentiating factor. Unlike those advisors at the wirehouses, RIAs had to serve their clients’ best interests...

Disgraced Financial Advisor Apologizes

Oct 25, 2016

Jeff Rubin Jeff Rubin, the disgraced financial advisor who lost a number of NFL clients upwards of $43 million, was the subject of a 60 Minutes segment on Sunday. In it, Rubin apologizes apologizes, saying, "If I can go back in time, I wish I’d ...

Ten Podcasts that Will Give You an Edge in 2017

Oct 24, 2016

Since we last rated the best podcasts for financial advisors just one year ago, over 5,000 new podcasts have been launched. Today, more than 40 million Americans listen to an average of six podcasts per month. And why not? Podcasts have all the...

Four Qualities OSJs Should Look for in Broker-Dealer Relationships

Oct 24, 2016

Lately, there’s been increased focus on the rise of offices of supervisory jurisdiction or OSJs - organizations that were originally created to provide independent advisors added scale by helping to manage the growing number of compliance...

Scottrade Sale Nearly Doubles Owner’s Wealth to $4 Billion

Oct 24, 2016

(Bloomberg) -- Selling the family business to competitors has made Rodger O. Riney one of the world’s richest people...