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Blog + Articles

Highland Capital Brokerage Names Patrick Mulheran Managing Principal for HCB Heartland

{July 31st, 2015} by Wilma Turner

Highland Capital Brokerage, Inc. (HCB), a subsidiary of Ladenburg Thalmann Financial Services Inc., (NYSE MKT: LTS) announced today that it has named Patrick Mulheran as the managing principal for HCB’s regional office located in Indianapolis, Indiana. Mr. Mulheran will replace John Mulheran, managing principal for HCB Heartland who is retiring effective August 1. Mr. Mulheran […]

LPL Made 15,000 Tech Changes In Past Year

{July 31st, 2015} by InsuranceNewsNet

One goal is to fully automate LPL’s roughly 20 million pages it uses each year and eliminate the experience of working in an office over-filled with files. Click here to read…

Survey: Advisors ‘Overwhelmingly Positive’ About The Future

{July 31st, 2015} by Cyril Tuohy

A survey of registered investment advisors and fee-based advisors finds that most of them are focused on the long term, embrace technology and are not particularly worried about the “roboadvice” movement. Results are included in the first “Advisor Authority Executive Report,” by Jefferson National, distributor of the popular Monument Advisor suite of variable annuities. Among […]

Financial Services Guide 2015: Are annuities the answer?

{July 31st, 2015} by Grant Bledsoe

With baby boomers hitting retirement age in droves (about 10,000 per day in the U.S.), many are concerned about outliving their assets. With the U.S. still at record low interest rates and market valuations on the high side, many retirees have worries about drawing sufficient income from their nest eggs to afford the golden years […]

The 20 most creative people in insurance

{July 31st, 2015} by LifeHealthPro Staff

“Creativity is just connecting things,” Steve Jobs famously said, making one of the most pursued attributes in the business world sound beautifully simple and obtainable. Insurance is a multi-trillion dollar industry, and so, of course, millions of connections happen every day. Most of them go unnoticed. Click here to read…

MetLife Posts 22% Drop in Second-Quarter Net Income

{July 31st, 2015} by Dennis Gorski

 MetLife’s second-quarter net income dropped 22% to $1.04 billion. Revenue for the quarter fell 2% to $17.4 billion, the company said. “MetLife delivered strong double-digit operating earnings growth in the second quarter,” said Steven A. Kandarian, chairman, president and chief executive officer of MetLife. “Investment margins remained healthy despite persistent low interest rates, and underwriting […]

Weak Annuity Sales Show No Signs of Recovery, AnnuityFYI Says

{July 31st, 2015} by Steve Kaufman

Despite the retirement and pending retirement of Baby Boomers — the most affluent and second-biggest generation in American history — annuity sales are faltering and may not rebound, according to AnnuityFYI, an online informational resource for annuity shoppers. Data from the Insured Retirement Institute (IRI), Morningstar Inc., Beacon Research and LIMRA Secure Retirement Institute underscore […]

Under regulatory pressure, Voya restricts sales of more variable annuities

{July 31st, 2015} by Trevor Hunnicutt

Voya Financial Advisors has restricted sales of variable annuities for the second time in two months, as the brokerage firm faces increased pressure from regulators questioning the suitability of the products for retirement savers. On Monday, the broker-dealer that serves more than 2,000 registered representatives said it is no longer approving sales of a second […]

Fiduciary Rule Divides Fixed And Variable Annuity Worlds

{July 31st, 2015} by Cyril Tuohy

It seems as if the U.S. Department of Labor (DOL) proposal to amend conflict of interest rules around individual retirement accounts (IRAs) has split the annuity world down the middle, with fixed annuities on one side and variable annuities on the other. For the fixed annuity world life — so far — has appeared relatively […]

Morgan Stanley ordered to pay $2.4M arbitration award over former broker’s trades

{July 31st, 2015} by Trevor Hunnicutt

A Finra arbitration panel has ordered Morgan Stanley to pay at least $2.4 million in the latest round of claims by clients of a former Mississippi broker who has repeatedly been accused of mishandling investments, . A group of physicians and their family members were the latest clients to be awarded a monetary judgment after […]

Zurich Insurance Examining Bid For RSA Of Britain

{July 31st, 2015} by InsuranceNewsNet

Zurich Insurance Group said on Tuesday that it was examining making an offer for its smaller British rival RSA Insurance Group. Shares of RSA rose 11.1 percent to 486.30 pence, or about $7.55, on the news in early trading in London on Tuesday. RSA brought in Stephen Hester, a former chief executive of Royal Bank […]

Life Carriers Lag Behind In Customer Tech Support

{July 31st, 2015} by Ron Sussman

These days, people can bank through their smartphone, trade stocks online and instantly view their investments – all thanks to the latest Internet and mobile technology. Unfortunately, the same can’t be said about life insurance. Unlike other financial institutions, life insurance companies have been slow to implement consumer-oriented technology, or even to provide policy data […]

DOL Rule Affects More Than Advice, Execs Say

{July 31st, 2015} by Cyril Tuohy

A revised fiduciary standard for retirement accounts will affect more than the way advice is given to clients, according to corporate executives from the financial services industry. They say the rule would have an imprint on everything from product development to information technology to the revenue volume generated by individual business segments. The statements from […]

AIG Names Dachille to manage $350 billion, will acquire his firm

{July 31st, 2015} by Sonali Basak

American International Group Inc. Chief Executive Officer Peter Hancock hired former colleague Doug Dachille to oversee the insurer’s investment portfolio of more than $350 billion, and agreed to buy his firm. Dachille, 51, was named chief investment officer and takes over the duties of William Dooley, who is retiring, New York- based AIG said in […]

3 dos and don’ts for insurance innovation (Part 1)

{July 31st, 2015} by Maria Ferrante-Schepis

The word innovation seems to be on the lips of many more insurance industry executives today than it was even three years ago. C-suite executives are declaring innovation to be a top priority, and many are taking steps to embed innovation into their organizations. If you are one of those people, this article is intended […]

Death from heroin overdose covered under “accidental death” policy

{July 31st, 2015} by Steven A. Meyerowitz

A federal district court in California, distinguishing between “accidental means” and “accidental death” insurance policies, has ruled that an insured’s death from a self-administered heroin overdose was accidental and covered by the governing policy. The Case Angelica Jones’ husband, Rodney, died of a heroin overdose that allegedly occurred as a result of his self-injection of […]

Fidelity & Guaranty Life Launches Exciting New Modified Single Premium Annuity

{July 29th, 2015} by Paul Tyler

Fidelity & Guaranty Life, a leading provider of fixed indexed annuities (FIA) and fixed indexed universal life products, today announced the launch of FG Retirement Pro, an innovative annuity offering that is designed to provide income payments for retirees. The company designed this unique product to offer protection in retirement by potentially growing the benefit […]

Evensky: Fee-only advisors face annuity dilemma

{July 29th, 2015} by NICK THORNTON

Don’t confuse fee-based RIAs with fee-only RIAs if you want to talk fiduciary regulations with Harold Evensky and expect to get away with it. Evensky, chairman of Evensky, Katz and Foldes Financial, a fee-only wealth management firm with about $1.5 billion in assets under management, is credited with being one of the first to pioneer […]

Genworth Enters Into Negotiations With AXA To Sell Lifestyle Protection Insurance Business

{July 29th, 2015} by PR Newswire

Genworth Financial, Inc. (NYSE: GNW) announces it has entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business. The company expects to accept the offer and execute an associated purchase agreement upon completion of the French works council1 consultation process. The sale price is expected to […]

Life Insurance With Living Benefits: A Policy With Built-In ‘Apps’

{July 29th, 2015} by Tracy King

It’s 10 p.m. and as I go to sit down for the first time today, I realize I forgot to call the orthodontist, forgot to schedule a strategy meeting for work, need to update my homeowners insurance for the deck we built, and still need to write a check for school lunches. I’ve been up for 15 […]

California Makes an Annuity Best Practice a Law

{July 29th, 2015} by Linda Koco

The California legislature has passed, and the governor has signed, a new fixed annuity law that essentially codifies a surrender charge practice that most annuity carriers have followed as a matter of everyday practice—or a “current best practice,” as Insurance Commissioner  Dave Jones has put it. The measure, Senate Bill 426 (Leyva), requires that, when […]

Broker-Dealers Embracing Fixed Indexed Annuities as Demand Grows

{July 27th, 2015} by Andrew Simonelli

The Insured Retirement Institute (IRI) today released a new research report showing that fixed indexed annuities (FIAs) are becoming a greater part of broker-dealers’ annuity business. The IRI report found that FIAs made up 10 percent of total broker-dealer annuity sales in 2014, and half of broker-dealers expect this share to continue to grow. “The […]

Financial Planner seeks Insurance Appointment Setter

{July 27th, 2015} by Victoria Peterson

Financial Planner seeks Insurance Appointment Setter Only considering candidates who meet the following requirements: Minimum 2 years Insurance/Financial experience setting appointments with a proven track record. Ability to connect and build rapport. Find out what clients main goals and concerns are about Retirement and what’s most important to them. Must have experience with booking new […]

Sammons Financial Group Appoints Greg Smith as Chief Marketing Officer of Broker-Dealer and Bank Distribution

{July 27th, 2015} by JOHN MYERS

Sammons Annuity Group, a division of Sammons Financial Group, is proud to announce the appointment of Greg Smith as Vice President and Chief Marketing Officer of Broker Dealer and Bank Distribution. He will be responsible for refining and implementing the bank and broker dealer strategy. “We’re very excited to have Greg as a member of […]

Raymond James Advisor Force Reaches Record Size

{July 27th, 2015} by InsuranceNewsNet

Recruiting stayed strong as Raymond James reported a 6% increase in quarterly profits for its wealth management unit year over year. Click here to read….

The Superfluous Life Insurance Policy

{July 27th, 2015} by InsuranceNewsNet

Of the over 18.4 trillion dollars’ worth of all forms of life insurance in force, over 85 percent of those policies are surrendered or lapsed before death. 1 The insureds, however, can salvage some of these assets to be used for charitable donations. In reviewing your client’ s assets, be sure to address life insurance […]

Hartford Losing Its Ties To The Insurance Industry

{July 27th, 2015} by Hartford Courant (CT)

In the mid- to late-1950s, Connecticut General Life Insurance Co. shook the foundation of the city’s venerable insurance industry when it built a suburban office complex in Bloomfield — becoming the first insurer to move out of downtown Hartford. A defensive Connecticut General chief executive promised that the company would still be close by and […]

Questions On DOL Rule Focus On Preserving Annuity Business

{July 27th, 2015} by Cyril Tuohy

U.S. Department of Labor Secretary Thomas E. Perez this week suggested he was ready to work with the financial advisory industry to improve proposed conflict of interest rules. But he left no doubt that his agency was serious about pushing through tougher rules. For sellers of fixed annuities, a sticking point in the DOL proposal […]

Principal Financial Posts 21% Drop in 2Q Net as Exchange Rates Affect International Business

{July 27th, 2015} by Renée Kiriluk-Hill

Principal Financial Group’s second-quarter net income dropped by 21% while total operating revenues climbed by 34%. Principal reported net income of $241.1 million. In its international business, Principal operating earnings dropped by 13%, to $59.3 million. It said foreign exchange rates were largely to blame. The company said its $539.9 billion in assets under management […]

Mutual Life Insurer Meiji Yasuda to Acquire StanCorp for US$5 Billion

{July 27th, 2015} by Iris Lai

Meiji Yasuda Life Insurance Co. has agreed to acquire StanCorp Financial Group Inc. in the United States for approximately US$5 billion. The buy moves the Japanese mutual life insurer into the international market. Meiji Yasuda will acquire all outstanding shares of StanCorp for US$115 per share in cash. The acquisition price represents a 50% premium […]

Fixed index annuities: Sales growing, products evolving

{July 27th, 2015} by ED MCCARTHY, CFP, RICP

Indexed annuities (IAs or fixed index annuities [FIAs]) continue to produce solid business results. LIMRA Secure Retirement Research reported that the products’ sales reached $48.2 billion in 2014, a 23 percent increase over 2013. For the first time, FIAs accounted for more than a 50 percent market share for all annuity sales. Click here to […]

The accidental insurance agent

{July 27th, 2015} by LORI WIDMER

To Christopher Sullivan, a perfect world is one in which insurance agents would be viewed in the same light as attorneys andaccountants. Sullivan, a risk management advisor with Powers Insurance and Benefits in Clayton, Missouri, says insurance is just as crucial to a business’s longevity, yet is often looked upon as a commodity rather than […]

Social Security is here to stay, and advisors are studying up

{July 27th, 2015} by JOYCE HANSON

Long live Social Security. That’s the message from Social Security’s trustees in their annual report released last week, saying the federal program is in better shape than last year, and they’re supported in that message by financial advisors who routinely use Social Security as part of their retirement income planning for clients. On Wednesday, the […]

Missouri Changes Asset Protection Law For Married Couples

{July 27th, 2015} by InsuranceNewsNet

On July 10, 2015, Governor Jay Nixon of Missouri signed Senate Bill No. 164, which dramatically changes the Missouri qualified spousal trust requirements and, as a consequence, the entire asset protection landscape for Missouri married couples. The new law takes effect on Aug. 28, 2015 and should apply to traditional as well as same sex- […]

Miami Insurance Agent Arrested For Fraud

{July 27th, 2015} by Miami Herald

A Miami insurance agent faces several felony fraud and grand theft charges after detectives say he stole more than $80,000 from four clients by giving them fake policy documents, the Florida Department of Financial Services’ Division of Insurance Fraud announced Wednesday. Mandy Rodriguez, 35, was arrested Wednesday and charged with one count of unlawfully diverting […]

Ameriprise Operating Earnings Rise In Flat Investing Environment

{July 27th, 2015} by Star Tribune

Ameriprise Financial Inc. said its second-quarter operating earnings rose 6 percent to $436 million and its investment level held relatively steady after overseas earnings were dented by the effect of the strong dollar. The Minneapolis-based financial management firm also said its net income rose 11 percent to $415 million and revenue jumped 2 percent to […]

DOL, Industry Years Apart on Fiduciary Rule Implementation Schedule

{July 27th, 2015} by Cyril Tuohy

The dust has barely settled between U.S. Department of Labor regulators and the financial advisory industry over the finer points of a proposed fiduciary rule and both sides are ready to square off over the implementation sequence of the rule. The American Council of Life Insurers said the DOL needs to give the industry at […]

California Makes an Annuity Best Practice a Law

{July 27th, 2015} by Linda Koco

The California legislature has passed, and the governor has signed, a new fixed annuity law that essentially codifies a surrender charge practice that most annuity carriers have followed as a matter of everyday practice—or a “current best practice,” as Insurance Commissioner Dave Jones has put it. The measure, Senate Bill 426 (Leyva), requires that, when […]

10 of the wealthiest U.S. women

{July 27th, 2015} by DAN BERMAN

There’s plenty of evidence that the wealth of women is growing. A Wells Fargo survey last year found that not only are women accruing more money, but they also enjoy investing their resources. The rise in wealth among women got us wondering who are among the richest in the U.S. Click there to read…

Man Pleads Guilty To Duping Family With Fake Life Insurance Policy For 12 Years

{July 27th, 2015} by Commercial Appeal

Eric Boyland testified Tuesday that no other family should have to endure what his family experienced after discovering a man had stolen his mother’s life insurance money. Boyland said he has worked with juveniles, but “when you get to that point when you’re an older person, you should know better,” Boyland said. Jerry Gardner, 62, […]

The DOL fiduciary rule: reactions from 4 industry associations

{July 27th, 2015} by WARREN S. HERSCH

The Department of Labor’s proposed fiduciary rule on retirement account investment advice is bad for the industry and bad for consumers. This is the overwhelming consensus of industry associations that have submitted last-minute letters in advance of a comment deadline set by the DOL. Among the organizations voicing concerns: the Association for Advanced Life Underwriting […]

Fixed indexed annuity sales displacing some VA products at BDs

{July 27th, 2015} by DANIELLE ANDRUS

Although variable annuity sales, both with and without guaranteed lifetime income benefits, far outpace total annuity sales for broker-dealers, fixed indexed annuity sales account for 10 percent of broker-dealers’ total annuity sales, according to a survey released Monday by the Insured Retirement Institute. Furthermore, FIAs are starting to displace sales of VAs and traditional fixed annuities. Almost […]

Sen. Warren rips Primerica president during Senate panel on DOL rule

{July 27th, 2015} by NICK THORNTON

A well-mannered, at times jocular subcommittee hearing on the Department of Labor’s conflict of interest proposal in the Senate turned in tone when Sen. Elizabeth Warren, D-Massachusetts, took to questioning panel witnesses. One in particular, Peter Schneider, president of Primerica Inc., a Georgia-based provider of investment services distributed through a channel of 90,000 advisors, was specifically signaled out by […]

Midland Park Man Admits Stealing $650,000 From Investment Company Clients

{July 27th, 2015} by Paul Nichols

Kwen Y. Chun, a former registered representative of a broker-dealer offering investment products and services, including variable life insurance and annuities, today admitted using his position to steal more than $650,000 from the company’s clients, U.S. Attorney Paul J. Fishman announced. Chun, 58, of Midland Park, New Jersey, pleaded guilty before U.S. District Judge Susan […]

Lincoln National Hires Voya’s Hobbs for Annuity Risk-Management

{July 27th, 2015} by Katherine Chiglinsky

Lincoln National Corp. hired Carey Hobbs as head of variable-annuity risk management to help with the day-to-day oversight of its hedge program. Hobbs, 38, joins from Voya Financial Inc. where he was head of market risk management, Radnor, Pennsylvania-based Lincoln said Wednesday in a statement. He replaces Eoin Elliffe and will report to Lincoln’s chief […]

How much retirement income will $1 million generate?

{July 27th, 2015} by Walter Updegrave

How much retirement income can I get from a $1 Million nest egg? — Darrell, Texas I hate to sound as if I’m equivocating, but the answer depends on a whole bunch of factors, including your age, your sex, the level of interest rates and the investment returns you earn, how long you would like […]

ACCUSED SENIOR SCAMMER SIPHONED THOUSANDS FROM DEAD WOMAN’S BANK ACCOUNT

{July 27th, 2015} by Corin Hoggard

A Fresno money manager is accused of scamming seniors to help pay off his own massive debts. The numbers just didn’t add up. Thousands of dollars were leaving Alta Crawford’s trust fund — money the Kern County woman left behind for her children and grandchildren. When state insurance investigators checked into it, they discovered more […]

Meiji Yasuda to pay $5 billion for StanCorp

{July 27th, 2015} by ALLISON BELL

Meiji Yasuda Life Insurance Company has agreed to pay $5 billion in cash for StanCorp Financial Group Inc. (NYSE:SFG), the parent of The Standard. The deal amounts to $115 per share, or a price about 50 percent higher than the recent stock price. StanCorp, a company founded in 1906, has been a top player in […]

Broker/Dealers Embracing FIAs As Demand Grows

{July 22nd, 2015} by InsuranceNewsNet

The Insured Retirement Institute (IRI) today released a new research report showing that fixed indexed annuities (FIAs) are becoming a greater part of broker-dealers’ annuity business. The IRI report found that FIAs made up 10 percent of total broker-dealer annuity sales in 2014, and half of broker-dealers expect this share to continue to grow. “The […]

MetLife Enters The Individual QLAC Market

{July 22nd, 2015} by Cyril Tuohy

MetLife’s announcement today that it had entered the individual qualifying longevity annuity contract (QLAC) market offers advisors and their clients more retirement income flexibility. This comes as millions of baby boomers become subject to required minimum distribution (RMD) rules beginning next year. MetLife’s individual QLAC is built on the company’s Guaranteed Income Builder deferred income […]

DOL Secretary Questioned Over Proposed Fiduciary Duty Rule

{July 22nd, 2015} by Frank Klimko

Lawmakers questioned U.S. Department of Labor Secretary Thomas Perez over the possible unintended consequences of a proposed rule that would extend conflict of interest fiduciary duty requirements to brokers and dealers — including those who provide consumer retirement advice. U.S. Sen. Johnny Isakson, R-Ga., chairman of the Senate Labor subcommittee on Employment and Workplace Safety, […]

The living benefits of life insurance: Eye on 2 riders

{July 22nd, 2015} by Greg Linde

Most people have a basic understanding of life insurance: as a product that provides a death benefit for loved ones left behind. But what about using life insurance to protect against other financial risks? The chances of a long-term illness, for instance, are greater than many people realize. Click here to read…

Voya’s New Indexed Universal Life Insurance Solution Offers Protection and Flexibility for Retirement Planning

{July 22nd, 2015} by Voya Financial, Inc.

Voya Financial, Inc. (NYSE: VOYA), announced today that its Individual Life business has launched a new cash value life insurance solution that allows consumers to protect the financial future of their loved ones while building cash value that can be used to supplement retirement income. Voya Indexed Universal Life–Accumulator (Voya IUL–Accumulator)1 provides consumers with a […]

New Connecticut law protects retirees’ annuity benefits from creditors

{July 22nd, 2015} by Jerry Geisel

The pension benefits earned by Connecticut residents whose employers transfer those liabilities to insurers under corporate pension derisking — programs will be protected from creditors under a new state law. In such programs, employers, who include such well-known organizations as Bristol-Myers Squibb Co., General Motors Co., Kimberly Clark Corp., and Motorola Solutions Inc., have transferred […]

Sammons Financial Group Names Ann Hughes as Chief Distribution Officer of Annuities

{July 22nd, 2015} by John Myers

Sammons Annuity Group, a division of Sammons Financial Group, is proud to announce the appointment of Ann Hughes as Vice President and Chief Distribution Officer. She will be responsible for setting strategic direction for distribution activities of the organization, which includes developing the sales, recruiting, and training strategy for distribution channels. “We are pleased to […]

Executive Director – The Society for Annuity Facts and Education

{July 21st, 2015} by Sheryl J. Moore

A competitive nationwide search is underway to fill a new role – Executive Director of SAFE, The Society for Annuity Facts and Education.  This is a virtual position – the candidate can be located anywhere in the United States and is initially expected to work out of their home office. The job description appears below. […]

California Governor Signs Bill Prohibiting Surrender Penalties on Fixed Deferred Life Annuities

{July 21st, 2015} by Thomas Harman

California Gov. Jerry Brown has signed a bill prohibiting insurers from charging surrender penalties on life annuities paid as a death benefit. The new law also requires the death benefit for fixed deferred annuities be at least equal to either the annuity amount or the accumulation value for those annuities issued to consumers 65 years […]

Credit Suisse cites impact of fiduciary rule on insurers

{July 21st, 2015} by Arthur D. Postal

The comment period closes today (Monday) on a regulation proposed by the Department of Labor that, if imposed in its present form, would have a sweeping impact on insurers, agents and advisors. The DOL expects thousands of comment letters, and insurers and agents, as well as industry lawyers and trade groups, have been working on […]

The dangerous lie Dave Ramsey tells about cash value life insurance

{July 21st, 2015} by Michael Markey

Numbers fascinate me. Patterns and coincidence puzzle me. The other day I was in a meeting, sitting across from one of those leg-crossing men. Click here to read…

Fiduciary Rule Comment Period Ends Tuesday

{July 21st, 2015} by Cyril Tuohy

Advisors and industry groups who want to comment on the U.S. Department of Labor’s (DOL) proposed fiduciary rule, also known as the conflict of interest rule, have until 11:59 p.m. Tuesday, July 21, to submit written comments. Advisors, trade organizations and others who are interested in making their voices heard on the proposed rules should […]

The Future of the Insurance Industry Is a Present Concern

{July 21st, 2015} by William J. Hold

Three trusted organizations have come together to empower the next generation of insurance professionals with opportunities and learning resources. The National Alliance- dedicated to the mission of bringing new people to the industry- has joined with Assurex Global to become the inaugural Sustaining Partners of Gamma Iota Sigma. According to William J. Hold, CRM, CISR, […]

New Women’s Financial Services Organization Announced

{July 21st, 2015} by Amy Jeffryes

Life & Annuity Masters (LAAM), a national insurance marketing organization, has launched the organization Women Empowering Financial Independence (WEFI). WEFI, a nationwide, woman-owned and operated organization based in Simi Valley, California, is dedicated exclusively to helping women succeed in the insurance and financial services industry. Reinventing the way the insurance and financial services industry does […]

Emulating Their Elders Can Help Young Adults Get Rich, Fed Says

{July 20th, 2015} by InsuranceNewsNet

The key to success for young adults struggling to build wealth in the aftermath of the biggest economic downturn since the Great Depression may come down to a familiar bit of advice: Mind your elders. Click here to read…

Napkin-Eating Broker Agrees To Cooperate With SEC

{July 20th, 2015} by InsuranceNewsNet

Among recent enforcement actions by the SEC, the middleman in the Post-It notes insider trading case agreed to settle with the agency; a hedge fund manager admitted wrongdoing and paid $4.5 million in SEC penalties for reporting bad information; and 34 defendants were charged in a scheme to manipulate the market for microcap securities. Click […]

Robust Growth Predicted In The RIA Channel

{July 20th, 2015} by Cyril Tuohy

Yes, many financial advisors are retiring and it’s not clear whether they can be replaced in big enough numbers to sustain the industry over the long term. Yes, the regulatory burdens on advisors are greater than they ever have been before and appear likely to thicken. Yes, registered investment advisors (RIAs) are bound to face […]

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