Meanwhile, Cetera attracts a group with 55 indie advisors in Southern California.

The authors make the case for the CREATES Act bill.

Depending upon which studies you look at, somewhere between 25% and 50% of all advisors outsource some or all of their investment management functions.

Back in 2008, the CFP Board announced that it was revising its professional standards to include a requirement that CFPs act as fiduciaries for their clients.

Wealth is more than "a specific sum of money" to many Americans, and the industry needs to adapt to accept this, Schwab execs say.

The change could increase inflows into Chinese stocks and improve governance standards, but risks remain.

Active managers can compete with passive ones on cost while keeping value-add tenets of active management, Cerulli says.

Not only are more advisors adopting technology, those who do are outperforming their peers, a Fidelity study found.

Marcia Wagner says the administration's focus on the fiduciary rule shows 'how incredibly important the private pension system, broadly defined, is to our safety net of this country.'