New Jersey

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  Industry Groups Fear Wagner Bill Will Stop SEC, DOL Fiduciary Rules in Their Tracks

  By Melanie Waddell, AdvisorOne  |  June 19, 2013

  The bill, which passed the House Financial Services Committee on Wednesday, was unlikely to be made into law but could have serious implications anyway, the groups said.

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  Bill Would Force DOL to Let SEC Fire First on Fiduciary

  By Melanie Waddell, AdvisorOne  |  June 17, 2013

  The House Financial Services Committee plans to mark up a bill introduced Wednesday that would require the DOL to wait 60 days to publish its fiduciary rule after the SEC has released its own measure.

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  SEC, FINRA, State Exam Execs Lay Out Priorities

  By Melanie Waddell, AdvisorOne  |  June 17, 2013

  Priorities include conflicts of interest, email retention, cybersecurity and some specific products, the executives said at the IRI legal and regulatory conference.

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  Senate Introduces Lifetime Income Disclosure Act

  By Melanie Waddell, AdvisorOne  |  June 13, 2013

  Senators on Wednesday introduced a bill to allow workers in retirement plans to receive an annual statement of how their lump-sum savings translate into a lifetime stream of monthly income.

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  The Curious Case of Alan Goldfarb, and Why All Advisors Should Care

  By Bob Clark, AdvisorOne  |  June 12, 2013

  An interview with former CFP Board Chairman Goldfarb raises questions about the nuances of compensation and who polices the fee-only advisor.

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  Morgan Stanley Nabs Wells, UBS Reps

  By Janet Levaux, AdvisorOne  |  June 11, 2013

  Meanwhile, Janney recruits a team from Stephens in Columbia, S.C.

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  Tibergien: New Advisor Offerings Leverage BNY Mellon’s Heft

  By James J. Green, AdvisorOne  |  June 7, 2013

  In an interview during Pershing's annual Insite conference, the CEO of Pershing's RIA custody unit talks of new offerings, Pershing's global reach and the advisor human capital challenge.

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  Schwab’s Clark to SEC: Don’t Link Fiduciary and Harmonization

  By Melanie Waddell, AdvisorOne  |  June 6, 2013

  As the SEC continues to gather data for a fiduciary rule, Bernie Clark of Schwab Advisor Services says Schwab’s mission is to ensure that a fiduciary rule is not coupled with harmonization of broker and advisor rules.

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  Pershing Expands Offerings From BNY Mellon Parent to Advisors, BDs

  By James J. Green, AdvisorOne  |  June 5, 2013

  Chairman Shea says his expanded responsibilities include “unlocking the value of all of BNY Mellon."

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  New Hire Roundup: Senate Finance Names Getz Tax Counsel

  By Marlene Y. Satter, AdvisorOne  |  June 5, 2013

  This week in new hires, Kara Getz joined the Senate Finance Committee as tax counsel, and ICI named Michelle Mesack director of financial services policy.