SEC crackdowns on off-channel communications are costing firms millions. Here’s how to avoid being caught up in the next enforcement sweep.

The company is paying $75 million in penalties and restitution in connection with SEC allegations that its investment advisory arm overcharged customers it inherited in its Wachovia acquisition in 2008. The settlement is said to show the importance of conducting extensive compliance checks in a rapidly consolidating industry.

Our 2023 Financial Planning Profession Survey is now open and we want you to share your views.  The survey gives Financial Planners, Paraplanners and Wealth Managers a unique chance to voice their opinions about the profession and tell us how their firms are faring. As a thank you for completing the survey we are offering entry […]

As the Bank Holiday nears (at least officially in England, Wales and Northern Ireland), I was intrigued by a story we ran this week revealing that financial services and insurance workers are taking 5% fewer days holiday than they are entitled to. This unexpected ‘sacrifice’ over the past few years has occurred at the same […]

Verve Foundation, the not-for-profit organisation looking to bring new blood into the profession and help advisers to grow, is to launch a second tranche of its ‘Adviser Incubator’ initiative following the success of the pilot programme. The Foundation says that applications are open from today for the next cohort. The Incubator initiative aims to support […]

The Canadian firm saw an 8% jump in its net income, but CEO Dave McKay foresees a “softer economic outlook” next quarter.

The Pensions Regulator (TPR) is to introduce new rules from 1 October which will compel defined contribution (DC) pension schemes to declare their policy on investing in illiquid investments. The TPR has updated its guidance to help ensure schemes comply with the new regulations. The TPR says the new rules are designed to ensure that […]

World Insurance’s Pensionmark unveiled a giant deal following the insurer’s private equity agreement for $1 billion in financing at a valuation of $3.4 billion.

A brokerage client’s portfolio was gradually invested almost exclusively in the fund manager WisdomTree over a decade.

In today’s uneven economy, workers are pressing for better benefits, a new Arizent study shows. Here’s what clients may ask about.