The City of Carmel has issued a Request for Proposal (RFP) for an investment advisor representative to support its 457(b) deferred compensation plan. The chosen advisor will be responsible for providing investment advice and guidance to plan participants, helping them make informed decisions about their retirement savings.
A registered investment advisor (RIA) is a financial professional firm that advises clients on securities investments and may manage their financial portfolios. RIAs are held to a fiduciary standard, meaning they must act in the best interests of their clients at all times.
The SEC has barred a former Fifth Third advisor who violated his clients' trust by secretly funneling hundreds of thousands of dollars of their money into personal accounts. The advisor's actions were a clear breach of fiduciary duty and highlight the importance of conducting thorough due diligence when choosing an investment advisor.
More advisors and firms are moving to fee-centric affiliation models, dropping their FINRA registrations and focusing on providing holistic financial planning services. This trend reflects a shift towards more transparent and client-focused practices in the financial industry.
Newly obtained court documents from an Indiana 'cease and desist' order explained that a Carmel-based financial adviser used over $2,500,000 of client funds for personal expenses. The advisor's actions were a flagrant violation of securities laws and demonstrate the need for strong regulatory oversight in the industry.
We've compiled data from the biggest registered investment advisers (RIAs) in the US and organized them by total regulatory assets under management. This information can help investors and plan sponsors evaluate the largest players in the industry and make informed decisions about who to trust with their financial future.
The Series 63, officially known as the Uniform Securities Agent State Law Examination, has been a staple of the financial industry for decades. Passing the Series 63 exam is a requirement for anyone looking to work as an investment advisor representative and is designed to test knowledge of state securities regulations.
From CPAs to CFAs, and ChFCs to IARs, you need to understand what the most common financial certifications actually mean. Each certification represents a different level of expertise and specialization in the financial industry, so it's important to choose an advisor with the right qualifications for your specific needs.
The cease and desist petition claims Alexander Joyce 'induced several clients to enter into an investment advisory agreement with his firm by making false and misleading statements about the safety and profitability of the investments. Joyce's actions were a clear violation of securities laws and underscore the importance of conducting thorough due diligence before choosing an investment advisor.
