Wealth Management

FEBRUARY 7, 2023

The commission claims Joshua Coleman raised more than $200 million in loans, opening multiple lines of credit and using clients’ funds without permission.

Clients 264

Clients Commission Assets 264

Wealth Management

MARCH 2, 2023

The commission charged Kevin Kane and Sean Michael Kane for defrauding clients after they were fired from Waddell & Reed by telling them they left voluntarily.

Clients 264

Clients Commission 264

Nerd's Eye View

MAY 9, 2023

Liz is the co-owner of Pleasant Wealth, a hybrid advisory firm based in Canton, Ohio that oversees $146 million in assets under management for 522 client households.

Commission 246

Commission Planning Financial Advisor Financial Planning 246

Wealth Management

NOVEMBER 4, 2024

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

Commission 349

Commission Clients Investments Investing 349

Wealth Management

JUNE 29, 2023

Commissioned by the U.S. House Committee on Appropriations, the study confirms views that mandatory arbitration agreements imposed by fiduciary-bound RIAs can unfairly limit clients' ability to seek legal remedies from wrongful actors.

Clients 250

Clients Commission 250

Wealth Management

JULY 31, 2023

According to the commission, Clarice Saw liquidated the securities of her 87-year old client without his knowledge when he was hospitalized.

Clients 246

Clients Commission 246

Nerd's Eye View

APRIL 11, 2025

Senate has confirmed Paul Atkins to be the next Chair of the Securities and Exchange Commission (SEC). Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the U.S.

Financial Planner 159

Financial Planner Communication Commission Clients 159

Wealth Management

OCTOBER 17, 2022

According to the commission, Keith Springer and his firm used “deceptive marketing” via ads and his radio show to attract investors, many of whom were retirees.

Retail 262

Retail Commission Clients Marketing 262

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. Combined with growing advisor (and consumer) interest in comprehensive financial planning services, the number of ways advisors can add value for their clients has expanded greatly.

Clients 246

Clients Fee Only Planning Advertising 246

Wealth Management

SEPTEMBER 11, 2024

According to the commission, Donald Anthony Wright made false statements when selling promissory notes to clients to fund the purchase of a Texas-based media marketing company.

Commission 277

Commission Media Clients Marketing 277

Wealth Management

SEPTEMBER 30, 2024

The commission alleged two advisors defrauded clients by allocating unprofitable trades into their accounts, netting millions in "illicit" profits for themselves.

Commission 271

Commission Accounting Clients 271

Wealth Management

DECEMBER 12, 2024

The commission charged South Carolina-based former rep Eric Cobb with defrauding clients while working for SeaCrest Wealth Management. The firm paid $375,000 to settle the charges.

Commission 263

Commission Wealth Management Clients Management 263

Nerd's Eye View

MAY 19, 2025

Training programs for new financial advisors have traditionally followed a sales-focused, sink-or-swim approach that primarily paid on commission for product sales. Even for advisors with a CFP certification or other credentials, honing these skills and the confidence to use them in real-time client interactions requires additional practice.

Financial Planning 146

Financial Planning Communication Certification Planning 146

Wealth Management

DECEMBER 11, 2023

In a recent report, the SEC Investor Advocate suggested the commission "temporarily" stop RIAs from including mandatory arbitration clauses in contracts, arguing they could "mislead retail clients into not exercising their legal rights."

Commission 290

Commission Retail Clients 290

Wealth Management

NOVEMBER 25, 2024

According to the commission, James David Burleson’s scheme caused over $3 million in losses for his clients and a 26.5% positive return for himself. The SEC argues the probability that divergence occurred by chance was “less than one in a million.”

Commission 264

Commission Clients 264

Wealth Management

NOVEMBER 4, 2024

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

Commission 246

Commission Clients Investments Investing 246

Nerd's Eye View

MARCH 14, 2025

Which, if implemented under the new administration, could provide relief for investment advisers, particularly smaller firms that already have to balance compliance with client service, marketing, and the other duties that go into running a firm.

Financial Planner 159

Financial Planner Compliance Commission Retirement 159

Wealth Management

NOVEMBER 4, 2024

The commission settled charges that Wahed Invest violated the ad rule when including a pro soccer player and MMA athletes in marketing without clarifying that they weren’t clients and were compensated.

Commission 241

Commission Clients Investments Investing 241

Wealth Management

APRIL 18, 2023

The robo advisor failed to tell some clients its tax-loss harvesting service only checked accounts on alternating days and not daily, as some materials claimed, according to the commission.

Taxes 264

Taxes Commission Accounting Clients 264

Wealth Management

JULY 25, 2023

A commission report from last month highlights the problem of forced arbitration clauses in contracts between RIAs and clients.

Commission 246

Commission Clients 246

Wealth Management

JULY 22, 2022

The firm recommended investments in share class options for clients in its wrap account programs when more affordable options were available, according to the commission.

Commission 246

Commission Accounting Clients Investments 246

Wealth Management

FEBRUARY 28, 2023

Mercer CEO Dave Welling says the new brokerage will help it better serve prospective clients and M&A prospects with long-standing commission-based assets at outside broker/dealers.

Assets 246

Assets Commission Clients 246

Wealth Management

SEPTEMBER 13, 2022

Scott Adam Brander allegedly made more than $800,000 when allocating certain trades to benefit his own accounts, while placing less successful trades into clients’ accounts, according to the commission.

Commission 242

Commission Accounting Clients 242

Nerd's Eye View

APRIL 26, 2024

Also in industry news this week: The Federal Trade Commission released a final rule that would ban most non-compete agreements, which could lead to an increasing number of non-solicit agreements (and, potentially, lawsuits regarding their enforcement) between financial planning firms and their advisors The Securities and Exchange Commission issued (..)

Financial Planner 246

Financial Planner Commission Communication Financial Advisor 246

Nerd's Eye View

JUNE 30, 2023

Enjoy the current installment of “Weekend Reading For Financial Planners” - this week’s edition kicks off with the news that NAPFA has announced that it will no longer exclude advisors who receive up to $2,500 in annual trailing commissions from previous product sales, if they agree to donate that money to a non-profit organization (..)

Financial Planner 246

Financial Planner Fee Only Commission Retirement Planning 246

The Big Picture

APRIL 28, 2023

He was the founding Trustee of the Robin Hood Foundation in 1988He was also Chairman and CEO of Computer Trading Corporation, an investment and advisory firm whose largest consulting client is the Canadian Imperial Bank of Commerce (CIBC). Presidential Task Force on Market Mechanisms (Brady Commission) for the U.S.

Investments 278

Investments Investing Commission Consulting 278

Nerd's Eye View

OCTOBER 25, 2023

There is a general understanding that investment advisers have a fiduciary relationship with their clients – in other words, that they are required to act in the client's best interests. These 3 components in practice make up a core part of the adviser's fiduciary duty to their clients.

Fiduciary Duty 246

Fiduciary Duty Commission Clients Accounting 246

Abnormal Returns

MARCH 18, 2024

xyplanningnetwork.com) Clients are increasingly willing to meet remotely. investmentnews.com) How home buying is going to change with the upheaval of realtor commissions. (riabiz.com) When do you need to register as an investment adviser? obliviousinvestor.com) How to pick an encrypted file system.

Wealth Management 261

Wealth Management Commission Clients Management 261

Abnormal Returns

DECEMBER 25, 2023

riabiz.com) DPL Financial Partners is seeing growth in commission-free annuity sales. advisorperspectives.com) Do financial advisers recommend annuities to their clients? (morningstar.com) A list of the most popular podcasts for financial advisers. linkedin.com) The biz Vestwell just raised a new $125 billion Series D. kitces.com)

Financial Advising 284

Financial Advising Startup Commission Financial Advice 284

NAIFA Advisor Today

JANUARY 6, 2025

Over the decades, he has built enduring relationships with clients, many of whom have been with him for over 30 years. Despite the initial shock and challenges of working on straight commission, Tom leaned into his natural work ethic, his extensive network, and his determination to succeed.

Financial Services 98

Financial Services Ethics Commission Insurance 98

Nerd's Eye View

SEPTEMBER 23, 2022

While the new rule allows financial advisors to proactively use testimonials (from clients), endorsements (from non-clients), and highlight their own ratings on various third-party websites, the SEC’s warning suggests that advisory firms will want to take care to abide by the compliance requirements linked to the new rule.

Financial Planner 246

Financial Planner Compensation Planning Insurance Compliance 246

Nerd's Eye View

SEPTEMBER 13, 2024

Enjoy the current installment of "Weekend Reading For Financial Planners" - this week's edition kicks off with the news that the SEC this week fined 4 RIAs for violations of its marketing rule related to their claims that they offered 'conflict-free' financial advice.

Financial Planner 246

Financial Planner Compliance Fee Only Communication 246

Nerd's Eye View

OCTOBER 3, 2022

While the growth of DPL’s marketplace may itself usher in a greater level of annuity competitiveness, as companies are forced to compete for RIA attention not by offering the biggest commissions but by offering the best features and benefits to get through the RIA-as-gatekeeper.

Commission 246

Commission Financial Planning Ethics Planning 246

Nerd's Eye View

SEPTEMBER 1, 2023

Read More.

Financial Planner 246

Financial Planner Strategic Planning Retirement Planning Retirement 246

Nerd's Eye View

AUGUST 5, 2022

How the proposed “Inflation Reduction Act” will impact financial advisors and their clients. Why state long-term care insurance programs are driving demand for private policies, and the implications of these programs for advisors and their clients. How advisors can support clients in choosing a Medigap policy.

Financial Planner 246

Financial Planner Compliance Insurance Retirement Planning 246

Nerd's Eye View

DECEMBER 16, 2022

From there, we have several articles on practice management: Why it is important for advisors charging on a fee-for-service basis to regularly reassess their pricing, and best practices for letting current clients know about a fee increase. How firms can best leverage their internal data to improve the number of client referrals they receive.

Financial Planner 246

Financial Planner CFP Financial Advisor Retirement Planning 246

Nerd's Eye View

NOVEMBER 28, 2022

Traditionally, investment planning has been at the forefront of how financial advisors add value for their clients. Combined with growing advisor (and consumer) interest in comprehensive financial planning services, the number of ways advisors can add value for their clients has expanded greatly.

Fee Only 246

Fee Only Portfolio Clients Planning 246