Morgan Stanley Pays $3.3 Million in SEC Crackdown on Fee Arrangements
By Melanie WaddellThe SEC on Wednesday charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they werent actually receiving from a third party.
November 11, 2011
Scott David of T. Rowe on Adding Its Funds to Schwab's NTF Platform: Schwab Impact VideoThe head of distribution for T. Rowe Price talks to AdvisorOne's Jamie Green about adding T. Rowe's mutual funds to the Schwab OneSource NTF platform, and what he's learned from his highly respected predecessor, John Commack.
November 11, 2011
Advisors Crave More Control Over Asset Management: Aite'Clearly, advisors crave more control in the asset-management process,' says the Aite Group's report, 'Managing Wealth: Advisor Perspectives on Investment Products and Fee Business.'
November 10, 2011
Senate to Grill SEC Chiefs at Oversight HearingA Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.
November 04, 2011
RIA Trailblazer, John Coghlan, Is Lauded at Schwab ImpactThe former Schwab employee is recognized for seeing early on the value, and potential, of the independent RIA model.
November 04, 2011
Schwab Doubles Number of Breakaway-Broker Prospects at Impact 2011As more wirehouse reps see the terms of their retention packages end, they are seriously exploring their options, Schwab's Tim Oden says.
November 02, 2011
Cetera Enrolls 3,500 Advisors as FSI Members to Boost Lobbying EffortAll three of Ceteras broker-dealer firms-Financial Network Investment Corp., Multi-Financial Securities Corp. and PrimeVest Financial Services Inc.-and their affiliate advisors are now members of FSI.
November 01, 2011
A Tipping Point?Its always easier to discern a trend with the use of hindsight. But I believe that the business of independent advice-giving has finally reached a turning point.