Value for Money
With customers fixated on fees in a competitive environment shaped by robo-advisers and digital disruptors, trust and wealth managers must prove their worth to clients of high net worth.
Browsing: Wealth Management
DOL Finalizes 18-Month Extension for Fiduciary Rule Exemptions
As the Department of Labor continues its review of the Obama-era fiduciary rule, DOL has finalized its plans to extend to July 1, 2019, the applicability date for certain exemptions to rule.
Fed’s Brainard: Standards Needed to Protect Consumer Data When Shared
Consumers need better information about what happens when they share bank account credentials with third-party financial aggregators, Federal Reserve Governor Lael Brainard said today at a fintech conference.
Treasury Issues Report on Asset Management, Insurance Regulations
As part of its continued response to President Trump’s executive order outlining core principles for financial regulation, the Treasury Department issued a report today recommending changes to the regulation of asset management and insurance.
Community Banks See Decline in Small Business Loan Volume
Insights from a Fed/CSBS survey of the community bank scene.
ABA Releases Free Guide on Fiduciary Rule Implications for Marketing, Sales
With the Department of Labor’s fiduciary rule now in effect, ABA today released a new members-only guide to help banks understand the rule’s implications for their marketing and sales activity.
ABA Outlines Considerations for Potential Investment Adviser Code of Conduct
As the Securities and Exchange Commission considers whether or not to propose a standard of conduct for investment advisers and broker-dealers, the American Bankers Association in a comment letter today outlined several key considerations for the SEC as it moves forward.
DOL Delays Fiduciary Rule Exemption Effective Date
The Department of Labor today proposed to extend to July 1, 2019, the applicability date for certain exemptions to the fiduciary rule.
To Serve Today’s Wealth Management Clients, ‘You Have to Be Bionic’
Wealth management today should be more ‘Six Million Dollar Man’ and less ‘The Terminator.’