Industry
Sallie Krawcheck Welcomes Competition From RIAs, Independent Broker-Dealers
As head of Merrill Lynch, Sallie Krawcheck has to wear a lot of hats: queen of the thundering herd, liaison to the bankers who now own the great American brokerage firm.
Research Roundup: What The Rise Of The $1.7 Trillion RIA Channel Means
Although the trade press is picking up on an obscure Bloomberg story about the rise of the fee-based advisory business, the original is so rich with implications for the industry that it needs to be dissected more thoroughly.
Senator Durbin Leads Fight In Congress To Restore SEC Budget Request
Senator Dick Durbin of Illinois has emerged as a key defender of SEC funding after the House of Representatives voted to cut $231 million from the commission's appropriations request.
SEC Divided On Incentive-Based Pay Disclosure; Schapiro Fears Unintended Consequences
After the SEC's five commissioners delivered a narrowly positive decision to require financial firms to submit their incentive-based compensation plans for approval, Mary Schapiro worries that the new rule could have unintended consequences.
Accountants Come Out Against New 401(k) Fiduciary Standard
We know the broker groups have been fighting the Labor Department's proposal to make the fiduciary standard apply to all professionals who advise ERISA retirement plans. But the accountants have a different concern.
