TD Ameritrade Study: Fiduciary Duty Tops Reasons Clients Choose an RIA
By Staff WriterThe top reason investors choose to work with an independent registered investment advisor is that RIAs are required, as fiduciaries, to offer advice that is in the best interest of clients, according to the study.
October 06, 2011
Raymond James Team Moves to RIA Model, PershingFinancial Strategy Network, a Chicago-based financial planning firm with $550 million in assets, said Thursday that it had become an RIA firm custodying its assets with Pershing Advisor Solutions and was no longer affiliated with Raymond James Financial Services.
October 03, 2011
As NASAA’s New President, My Top Priorities: SRO and ‘The Switch’It looks like Rep. Bachus draft SRO bill would nationalize the regulation of small- and mid-sized advisors. NASAA believes this would be a costly mistake that will not benefit Main Street investors.
October 03, 2011
Focus Financial Signs 5th Deal of Year With Investment in Nationwide RIA HuffordHufford Financial, which has clients in all 50 states and focuses on dentists, has become the 22nd Focus partner firm.
October 01, 2011
The Mixed State of the Advisor MarketRecent snapshots of the advisory industrys mergers and acquisition activity, along with new data on the growth and decline in advisory channels, show that as wirehouse advisors are slowly shrinking, the business model of choice has become being dually registered advisors.
September 29, 2011
ASPPA Launches New Association for 401(k) AdvisorsThe American Society of Pension Professionals & Actuaries announced on Thursday the launch of a new association to serve advisors in the 401(k) market.
September 27, 2011
Fidelity Adds Envestnet, Redtail, Others to WealthCentral PlatformFidelity Institutional Wealth Services announced upgrades Tuesday to its WealthCentral platform for RIAs. The company said it is adding six new software choices and 'creating deeper integrations with existing applications for its independent advisor clients.'
September 27, 2011
‘Worn-Out’ Advisors’ Confidence Drops Again, Survey FindsFinancial advisors say their near- and short-term views on the economy and stock markets are negative.