Wells Fargo will pay more than $3 million to settle allegations by the Financial Industry Regulatory Authority that it lost cases of registered representatives recommending short-term sales of securities designed to be held long-term. According to RESIDENCEWells Fargo representatives recommended preferred common stocks, closed-end funds and intermediate-term notes, all income-generating securities that “were generally purchased…

Financial advisors earn the majority of their new business from referrals—about 80% reported so in a recent internal Raymond James survey—so why should you focus your valuable time on building a brand and online presence? Just as you wouldn't hire someone to fix your car without first doing some research, clients are increasingly doing the…

(Bloomberg) — The U.S. Securities and Exchange Commission will vote next week on some of the biggest overhauls of stock market rules in nearly two decades, including how prices are traded and processed. SEC commissioners are scheduled to decide Wednesday whether to finalize measures that would change the way brokers, market makers and exchange businesses…

Wilde Wealth Management Group, one of the largest supervisory jurisdiction offices affiliated with Cetera Advisors, with $3.6 billion in assets, has appointed Drew Kliber to lead its new family office division. Kliber joins from UBS, where he managed $400 million in client assets. The new W Family Office division will aim to provide white-glove service…

International brokerage platform eToro will pay $1.5 million to settle SEC charges that it failed to register as a broker when operating its crypto trading platform in the US. It also agreed that Bitcoin, Bitcoin Cash and Ether would be the only crypto assets that US customers could trade on the platform. Related: SEC charges…

In 2009, New Hampshire joined what was then a small group of states that legally allowed the creation of a domestic asset protection trust (“DAPT”). Although today, 20 states in the US allow the use of DAPTs, not all DAPTs and jurisdictions are created equal. New Hampshire has become one of the most progressive states…

This multifaceted episode offers perspective on what counselors can glean from this invaluable resource, why Mindy wrote the book, and what she learned along the way. Seeing a significant gap in the information available to financial advisors looking to optimize their businesses, Mindy took on the task of developing a special book titled Should I…

In this episode of the Future Focused Podcast, Brian Hamburger, founder, president and CEO of MarketCounsel Consulting, and founder and principal counsel of Hamburger Law Firm, sits down with host Suzanne Siracuse to share his journey through the management industry of wealth. , exploring the challenges facing advisors today. Together, they delve into the critical…

Asset management giants BlackRock and Partners Group have teamed up to launch a model multi-private markets portfolio. The product, which will debut next year, will include private equity, private credit and real assets in a single portfolio and will be managed by both firms. The partnership combines BlackRock's alternative team and portfolio capabilities powered by…

Listen as Gary Carrai Chief Product Officer, LPL Financial, asks what advisor challenge is your firm trying to solve? Source link