Advisor News

Displaying 26923 results
When to buy Medigap insurance
RETIREMENT PLANNING AUG 26, 2019
When to buy Medigap insurance

Rise in Medigap premiums is outpacing Social Security's cost-of-living adjustment, and the disparity is likely to get worse in 2020.

By Mary Beth Franklin
Advisor Group acquisition financed by debt rated 'junk' by S&P
ALTERNATIVES AUG 23, 2019
Advisor Group acquisition financed by debt rated 'junk' by S&P

High levels of debt could be impacted by declining interest rates, the debt rating firm says.

By Bruce Kelly
Wealthfront buys hybrid robo Grove in quest to automate paychecks
FINTECH AUG 22, 2019
Wealthfront buys hybrid robo Grove in quest to automate paychecks

Facet Wealth, not Wealthfront, will absorb Grove's clients, boosting its current client base by 50%.

By Greg Iacurci
UBS hit with $4.4 million arb award over Puerto Rico bonds and funds
WIREHOUSES AUG 22, 2019
UBS hit with $4.4 million arb award over Puerto Rico bonds and funds

Finra panel gives UBS investors $4.25 million in damages, $170,000 in costs.

By Bruce Kelly
Fidelity says number of 401(k) millionaires hits record high
RETIREMENT PLANNING AUG 21, 2019
Fidelity says number of 401(k) millionaires hits record high

Employee savings rate also hit a record in Q2 at 8.8%

By Bloomberg
SEC bars Financial Sherpa head for cherry-picking trades
RIA NEWS AUG 21, 2019
SEC bars Financial Sherpa head for cherry-picking trades

James L. Beyersdorf also will disgorge $232,000 and pay $189,000 in fines.

By Bloomberg
Charles Schwab lawsuit win has big implications for all 401(k) plans
RETIREMENT PLANNING AUG 21, 2019
Charles Schwab lawsuit win has big implications for all 401(k) plans

The ruling could mean plan sponsors can force employees into individual arbitration rather than defend a class-action suit.

By Greg Iacurci
DOL readies proposal for more digital 401(k) disclosures
RETIREMENT PLANNING AUG 21, 2019
DOL readies proposal for more digital 401(k) disclosures

Agency will soon issue a rule that will likely require electronic statement delivery unless participants opt out.

By Greg Iacurci
Why advisers should eliminate the B word
OPINION AUG 21, 2019
Why advisers should eliminate the B word

Constantly being busy is doing us more harm than good. Here's an approach that helps you prioritize

By Ron Carson
SEC affirms its authority over proxy advisory firms that CEOs hate
EQUITIES AUG 21, 2019
SEC affirms its authority over proxy advisory firms that CEOs hate

Commissioners vote 3-2 to issue guidelines on fund managers' responsibilities in dealing with proxy advisers

By Bloomberg
Learn to love delegating
OPINION AUG 21, 2019
Learn to love delegating

Pick good people and get great results

By Scott Hanson
ESG data getting better as the market matures
ALTERNATIVES AUG 21, 2019
ESG data getting better as the market matures

In one indication of how rapidly the market is evolving, S&P Dow Jones launched the S&P 500 ESG Index in January.

By Blaine F. Aikin
As Wells Fargo seeks CEO, toll on stock hits $24 billion
PRACTICE MANAGEMENT AUG 20, 2019
As Wells Fargo seeks CEO, toll on stock hits $24 billion

Since the bank began its hunt for a leader to replace Tim Sloan, the stock has slipped into the red for the year

By Bloomberg
LPL expects its tech improvements to give advisers back an hour or more a day
FINTECH AUG 20, 2019
LPL expects its tech improvements to give advisers back an hour or more a day

CEO Dan Arnold pledges to help advisers focus on client service.

By Ryan W. Neal
Makeover at Wells Fargo Advisors well-received
PRACTICE MANAGEMENT AUG 20, 2019
Makeover at Wells Fargo Advisors well-received

The wealth management network again reduces its corporate structure as part of realignment.

By Bruce Kelly
Kestra Financial's new rollup lands its first RIA
RIA NEWS AUG 20, 2019
Kestra Financial's new rollup lands its first RIA

Bluespring acquires $152.6 million firm in Ohio, Hickory Asset Management Inc.

By Bruce Kelly
Genworth, GE and Unum need to shore up long-term care business: report
RETIREMENT PLANNING AUG 20, 2019
Genworth, GE and Unum need to shore up long-term care business: report

Some financial advisers are wary of the possibility insurers will sell long-term-care blocks to private-equity firms or hedge funds.

By Greg Iacurci
Cost to play bigger role in investment recommendations
LIFE INSURANCE AND ANNUITIES AUG 19, 2019
Cost to play bigger role in investment recommendations

Large firms are well-situated to comply with the cost standards in the SEC's Reg BI given changes they made to prepare for the DOL fiduciary rule.

By Greg Iacurci
Schwab hybrid robo sees early success with subscription pricing
FINTECH AUG 19, 2019
Schwab hybrid robo sees early success with subscription pricing

Backend Benchmarking's latest Robo Report also had positive news for robos offering SRI portfolios

By Ryan W. Neal
Social Security rules for nonworking spouses
RETIREMENT PLANNING AUG 19, 2019
Social Security rules for nonworking spouses

Worker must claim benefits to trigger the spousal benefit for a mate.

By Mary Beth Franklin