The latest Reg BI guidance addressed whether clients can 'waive' the rule's protections, whether affiliated firms can submit separate CRS forms, and whether firms have to build entirely new systems and processes to be in compliance.
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Current head of Wells Fargo's wealth unit Jon Weiss will move to the corporate and investment banking division, as part of a larger reorganization at the bank. The search for a replacement is under way.
Financial planners Rianka Dorsainvil and Lazetta Braxton have merged their practices to create a virtual firm that moves away from 'assimilation and lip service.'
Schwab issues pledge to advisors that the custodian technology post TDAI acquisition will be 'open architecture' and will include 'a rapidly growing network of third-party providers.' But it won't be called Veo One.
Advisors to wealthy families need a broader range of skills, as the rich increasingly pass over limited partnerships and fund managers in favor of direct investments.
