Third-party brokerage arrangements for the sale of nondeposit investment products outlined in a recent NCUA guidance letter contain duties some federal credit unions may not have the ability to perform.
While it may be unclear if the two are connected, some financial advisers that use social media professionally are seeing higher revenue growth and larger client bases compared to advisers that do not use the network channels.
The very things that make social media so popular also make them a potential problem for credit unions, their members and those in charge of fighting fraud.
Of the litany of regulations coming around the bend within the retail investment space, financial advisers said they are most concerned about the fiduciary standard and additional disclosure rules.
Social media isn't just for kids anymore. It has become mainstream and we receive more questions about it from our advisers each year.
As the birth of a new corporate credit union model emerges, the CUSOs owned by the three corporates that were recently placed
The power of social media and its influence on growth in the financial industry is mesmerizing. However, the conspicuous absence of guidance from regulators, which may be holding back many credit unions from taking the plunge.