Investment Advice

Counsel given to an investor as to which securities to buy or strategies to pursue, usually in exchange for a fee. Investment advice may involve interacting directly with a client (e.g. by managing assets), or simply giving passive, general advice about which securities or industries are bullish or bearish. Investment advisors managing a certain amount of money must register with the SEC; the actions of all investment advisory services are governed by the Investment Advisors Act of 1940. Importantly, it is a criminal offense for investment advisory services to provide false or misleading information, and to sell or buy their own securities to or from a client.

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Information from TDA is not intended to be investment advice or construed as a recommendation or endorsement of any particular investment or investment strategy, and is for illustrative purposes only.

Thursday's Market Minute: Risk-On?!

Importantly, there is a question as to whether the Department of Labor (DOL) will now change its views about whether a person is, or is not, acting as a fiduciary when providing "investment advice" as the term is defined under ERISA Section 3(21)(A)(ii) and Section 4975(e)(3) of the Internal Revenue Code (IRC).

Now Who Is a Fiduciary?

30 July 2019 - Chicago, US-based investment manager Northern Trust Asset Management has agreed to acquire San Francisco, US-based investment advisor Belvedere Advisors LLC, which owns Emotomy, an open-architecture digital investment advice platform designed for financial professionals, the company said.

Northern Trust Asset Management Purchases Belevedere Advisors to Acquire Emotomy Platform

Starting today, Scott Kaufman will be working at Riverfront branches in Reading and Wyomissing to provide financial planning and investment advice to credit union members.

Good Life to offer financial planning for Berks credit union

Wells Fargo Advisors provides investment advice and guidance to clients through 15,086 full-service financial advisors and 3,899 licensed bankers.

Wells Fargo Advisors, SigFig partner on digital advisory offering

Summary paragraph: If it allows for investing, anyone giving investment advice will need to enter into a best interest contract (BIC) with the plan sponsor or participant

DOL Rule May Impact HSA Administration

The Department of Labor (DOL) has announced its highly anticipated final fiduciary rule, which is intended to help ensure that Americans saving for retirement get investment advice that is in their best interest.

What does the Department of Labor's new fiduciary rule mean?

Global Banking News-April 6, 2016--HSBC to offer investment advice to small UK savers

HSBC to offer investment advice to small UK savers