Advisor News

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Top financial advisors in the US revealed
RIA NEWS JAN 29, 2024
Top financial advisors in the US revealed

InvestmentNews celebrates 60 dynamic advisors across the country who excel at serving their clients.

By Josh Welsh
Texas bans Barclays from muni market over ESG dispute
REGULATION AND LEGISLATION JAN 27, 2024
Texas bans Barclays from muni market over ESG dispute

The state's attorney general said the bank failed to respond to requests for information about its carbon emission commitments.

By Bloomberg
Dimon says rich should pay more to fund low-income tax cuts
INDEPENDENT BROKER DEALERS JAN 26, 2024
Dimon says rich should pay more to fund low-income tax cuts

'There are so many tax breaks out there that shouldn’t be there,' JPMorgan CEO says.

By Bloomberg
Wells Fargo hikes CEO Scharf’s pay to $29M for 2023
WIREHOUSES JAN 26, 2024
Wells Fargo hikes CEO Scharf’s pay to $29M for 2023

The package, up 18% from the $24.5 million he earned for 2022, includes a $2.5 million base salary and $26.5 million of cash and long-term equity awards.

By Bloomberg
Betterment at Work offers student-loan matching in 401(k)s
RETIREMENT PLANNING JAN 26, 2024
Betterment at Work offers student-loan matching in 401(k)s

The product arrives as a provision of the SECURE 2.0 Act goes into effect that makes workers' qualified student loan repayments eligible for 401(k) matching contributions from their employers.

By InvestmentNews
NOW OPEN: 5-Star Financial Planning Softwares and 5-Star CRM Platforms
FINTECH JAN 26, 2024
NOW OPEN: 5-Star Financial Planning Softwares and 5-Star CRM Platforms

Don’t miss the chance to be part of InvestmentNews’ first-ever showcase of financial planning softwares and CRM platforms.

By InvestmentNews
T3 report highlights top tech for advisors
FINTECH JAN 26, 2024
T3 report highlights top tech for advisors

Here are the fintech tools advisors are using, from CRMs to video conferencing.

By Josh Welsh
Prudential, Fidelity collaborate on new decumulation option for DC plans
RETIREMENT PLANNING JAN 26, 2024
Prudential, Fidelity collaborate on new decumulation option for DC plans

The firms say that 100,000 people will benefit from the new product.

By Steve Randall
Newborn son inspires $160M advisor to go independent  
INDEPENDENT BROKER DEALERS JAN 26, 2024
Newborn son inspires $160M advisor to go independent  

Chicagoland advisor makes the move from Corebridge to LPL.

By Steve Randall
Prospera launches family office program to serve UHNW clients
INDEPENDENT BROKER DEALERS JAN 26, 2024
Prospera launches family office program to serve UHNW clients

New solution responds to advisor demand for family office services.

By Steve Randall
JPMorgan's Dimon promotes potential successors to new roles
INDEPENDENT BROKER DEALERS JAN 26, 2024
JPMorgan's Dimon promotes potential successors to new roles

Gaining wider experience is key for those who may one day run the firm.

By Bloomberg
Client assets in cash products ended 2023 at twice the normal level: Ameriprise
INDEPENDENT BROKER DEALERS JAN 25, 2024
Client assets in cash products ended 2023 at twice the normal level: Ameriprise

In its earnings report, the firm cites all-time highs in both advisor productivity and client assets.

By Emile Hallez
Raymond James CEO balks at high price of RIAs
RIA NEWS JAN 25, 2024
Raymond James CEO balks at high price of RIAs

'The biggest change in the competitive landscape has been RIA roll-ups that pay prices that we can't quite figure out,' Paul Reilly says.

By Bruce Kelly
SEC crypto-related enforcements grew exponentially in 2023
REGULATION AND LEGISLATION JAN 25, 2024
SEC crypto-related enforcements grew exponentially in 2023

There were more enforcement actions taken last year than ever before.

By Steve Randall
Bad tech is bad for advisors' business
FINTECH JAN 25, 2024
Bad tech is bad for advisors' business

44% of advisors have left a firm because of poor technology, Advisor360 survey finds.

By Josh Welsh
Could limiting tax breaks for 401(k)s rescue Social Security?
RETIREMENT PLANNING JAN 24, 2024
Could limiting tax breaks for 401(k)s rescue Social Security?

As Social Security inches closer to insolvency, the tax breaks provided to 401(k)s, defined-benefit plans and IRAs could be revamped to fix the system, according to a recent paper.

By Emile Hallez
Stifel Financial hits new high in client assets
INDEPENDENT BROKER DEALERS JAN 24, 2024
Stifel Financial hits new high in client assets

Since 2014, the firm's global wealth management revenue has grown by 150 percent.

By Bruce Kelly
Wirehouse defections far from done, says Verdence Capital CEO
RIA NEWS JAN 24, 2024
Wirehouse defections far from done, says Verdence Capital CEO

'When was the last time you saw an article that said an RIA is going to a wirehouse?' asks Verdence founder Leo Kelly.

By Gregg Greenberg
SEC approves tougher rules for blank-check deals
REGULATION AND LEGISLATION JAN 24, 2024
SEC approves tougher rules for blank-check deals

After surging during the pandemic, SPACs have fallen out of favor, and the agency's new rules could further reduce investor interest.

By Bloomberg
Annuity sales smash record set in 2022
RETIREMENT PLANNING JAN 24, 2024
Annuity sales smash record set in 2022

Led by demand for fixed products, total annuity sales were up 23% last year, according to Limra.

By Emile Hallez