Advisor News

Displaying 26926 results
Why RPAs must expand relationships with participants
OPINION JAN 04, 2022
Why RPAs must expand relationships with participants

The conversation with a participant is not about selling a product. It’s about listening, identifying needs and solving problems.

By Matthew Eickman
Morgan Stanley agrees to pay $60 million over data breach
FINTECH JAN 04, 2022
Morgan Stanley agrees to pay $60 million over data breach

Morgan Stanley allegedly learned of the breach when it was contacted by a man who said he had purchased used IT equipment from an internet vendor that came with access to sensitive customer data.

By Sean Allocca
Hightower adds $1.6 billion TC Wealth Partners
RIA NEWS JAN 04, 2022
Hightower adds $1.6 billion TC Wealth Partners

The deal, which closed Dec. 31, includes the acquisition of Trust Company of Illinois, which is a subsidiary of Chicago-based TC Wealth.

By Jeff Benjamin
Correcting the blind spots in our practices
OPINION JAN 04, 2022
Correcting the blind spots in our practices

By identifying our unconscious biases or set ways of doing things, we can limit our risk and increase our chance of success.

By Kristine McManus
Advisers to focus on staying home in 2022
INDEPENDENT BROKER DEALERS JAN 04, 2022
Advisers to focus on staying home in 2022

Advisers like the autonomy of working from home and don’t want to have to go back to the office and wear a suit again.

By Bruce Kelly
Robinhood to expand options contract feature to more traders
FINTECH JAN 03, 2022
Robinhood to expand options contract feature to more traders

The ability to roll options was previously available only to Level 3 users, who have access to more trading functionality.

By Bloomberg
Finra rule to rein in rogue brokers goes into force
REGULATION AND LEGISLATION JAN 03, 2022
Finra rule to rein in rogue brokers goes into force

The New Year may not be so happy for firms that employ a high number of registered reps with disciplinary histories.

By Mark Schoeff Jr.
DOL tones down Trump-era statements on PE in 401(k)s
RETIREMENT PLANNING JAN 03, 2022
DOL tones down Trump-era statements on PE in 401(k)s

In a recent supplement to a 2020 letter, the agency made clear that it does not endorse the use of private equity in defined-contribution plans.

By Emile Hallez
Vanguard website outage underlines dangers of online investing
FINTECH JAN 03, 2022
Vanguard website outage underlines dangers of online investing

Customers of the $8 trillion mutual fund giant weren't able to access certain account reports or receive trade confirmations while the website was having problems.

By Sean Allocca
Finra tags two firms with penalties due to mutual fund sales
ALTERNATIVES JAN 03, 2022
Finra tags two firms with penalties due to mutual fund sales

Emerson Equity and Triad Advisors reached end-of-the-year settlements related to complaints about poor supervision of certain mutual fund sales.

By Bruce Kelly
Monte Carlo forecasts prove anything is possible — or not
RIA NEWS JAN 03, 2022
Monte Carlo forecasts prove anything is possible — or not

With simulations showing extreme projected portfolio outcomes, some financial advisers won't even use Monte Carlo modeling for their younger clients for fear of looking silly.

By Jeff Benjamin
Implementing a social strategy that won't get you fined by the SEC
OPINION JAN 03, 2022
Implementing a social strategy that won't get you fined by the SEC

It's important for advisers to understand what they can and can't do under the agency's new marketing rules when it comes to advertising and marketing via social media and messaging apps.

By Jim Zuffoletti
SEC denies 2 Bitcoin ETFs in latest setback to crypto industry
FINTECH DEC 23, 2021
SEC denies 2 Bitcoin ETFs in latest setback to crypto industry

The earlier-than-expected decision from the SEC could suggest a 2022 approval for a pure Bitcoin fund may not be in the cards either.

By Bloomberg
Social Security offices to remain closed indefinitely
RETIREMENT PLANNING DEC 23, 2021
Social Security offices to remain closed indefinitely

The agency has not set a reentry date for in-person appointments, although some executives have returned to their offices as of December.

By Mary Beth Franklin
Fine wine: The unconventionally attractive alt investment
OPINION DEC 22, 2021
Fine wine: The unconventionally attractive alt investment

Why not invest in some Château Lafite Rothschild? You can let the value appreciate over time, or if worse comes to worst, you can drink it.

By Anthony Zhang
Looking at risk and return through a new lens
OPINION DEC 22, 2021
Looking at risk and return through a new lens

Against the current economic backdrop, it's hard to argue the traditional approach of stocks, bonds and cash is a reasonable investment mix to manage risk while still generating the necessary returns.

By Randy Swan
Brokerages pay $5 million in restitution for 529 plan violations
REGULATION AND LEGISLATION DEC 21, 2021
Brokerages pay $5 million in restitution for 529 plan violations

LPL, Wells Fargo and three Advisor Group firms avoided penalties for 'extraordinary cooperation' with Finra's investigation.

By Mark Schoeff Jr.
Private Advisor Group reels in new investor capital
RIA NEWS DEC 21, 2021
Private Advisor Group reels in new investor capital

Merchant Investment Management is a private partnership that invests in growth companies and other opportunities. According to its website, Merchant Investment Management this year has focused on investing in the wealth management industry.

By Bruce Kelly
Avantax settles with SEC for $16.9 million over 12b-1 fees
PRACTICE MANAGEMENT DEC 21, 2021
Avantax settles with SEC for $16.9 million over 12b-1 fees

The company failed to reveal conflicts of interest concerning marketing fees paid by clients for mutual funds, according to the regulator. The independent broker-dealer 1st Global Advisors was acquired by Blucora in 2019.

By Bruce Kelly
SEC names William Birdthistle director of investment management division
REGULATION AND LEGISLATION DEC 21, 2021
SEC names William Birdthistle director of investment management division

William A. Birdthistle is currently a professor at Chicago-Kent College of Law. The division oversees regulatory policy for investment advisers.

By InvestmentNews