The Securities and Exchange Commission announced that Macquarie Investment Management Business Trust, a registered investment adviser subsidiary of Macquarie Group, will pay a total of $79.8 million to settle overvaluation charges on approximately 4,900 collateralized mortgage obligations held in 20 advisory accounts, including 11 retail mutual funds. and for executing hundreds of cross trades between…

A “biblical-minded” ETF provider will pay $300,000 to settle Securities and Exchange Commission charges that its valuation practices misled its clients. Idaho-based Inspire Investing reports about $2.5 billion in assets under management. The firm claims a “biblically responsible investing” approach to its ETFs and individual accounts that it claimed excluded companies that did not “conform…

Are Consultants' Social Media Marketing Efforts Succeeding? And if so, what does that look like? To find out, Wealth Management IQ in partnership with Commonwealth Financial Network recently conducted an in-depth survey to learn more about advisor marketing and whether these efforts are driving organic growth. This webinar will present the highlights of this timely…

(Bloomberg) — Private equity doubled in size from 2019 thanks to rising interest rates that made its floating-rate debt more attractive to investors. Now, a Federal Reserve interest rate cut is adding to the headwinds hampering the $1.7 trillion industry's formidable growth. Related: Advisors focus on stocks, long-term bonds amid Fed rate cut Lower benchmark…

Advisors considering the move to independence often share their concerns about leaving behind the culture, community, and support they've grown accustomed to in the wired world. And that's totally worth it. While many advisors are vocal about the lack of freedom and control at large firms, there are still many positives – like having a…

Sponsored by Business owners can be challenged by the potential size of their tax burden when selling their business. For many founders, the initial cost to start the business may have been low, but the sale of business interests can trigger significant capital gains taxes for the owner. However, there is an alternative that can…

Sponsored by Business owners can be challenged by the potential size of their tax burden when selling their business. For many founders, the initial cost to start the business may have been low, but the sale of business interests can trigger significant capital gains taxes for the owner. However, there is an alternative that can…

Sponsored by Learn how independent financial advisors can drive growth and run operations while maintaining their autonomy as David Armstrong, editorial director for Informa Connect's Wealth Management Group, talks with Nate Lenz, CEO and co-founder at Concurrent. They explore talent development, organic growth strategies, and the unique model Concurrent uses to allow advisors to thrive…

Crypto investors lost nearly $1 million as part of an international scheme involving fraudsters posing as managing directors at fake global investment firms in WhatsApp group chats, according to new SEC charges. The SEC's Division of Enforcement disclosed the cases on Tuesday, marking the first two enforcement actions alleging relationship investment fraud. SEC Enforcement Director…

Many advisors may see AI as a silver bullet, one that will replace their back office staff. But panelists at the Future Proof Festival this week said it's more of an optimizer. Source link