Advisor News

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Women in two-income households face greatest retirement risk
RETIREMENT PLANNING JUL 16, 2019
Women in two-income households face greatest retirement risk

Lifestyle creep, under-saving and lower Social Security benefits to blame.

By Mary Beth Franklin
Critics concerned with pending second wave of SEC share-class crackdown
MUTUAL FUNDS JUL 16, 2019
Critics concerned with pending second wave of SEC share-class crackdown

Former SEC commissioner says agency is engaging in rulemaking by enforcement.

By Mark Schoeff Jr.
Former Beverly Hills rep found guilty of $200 million fraud scheme
REGULATION AND LEGISLATION JUL 15, 2019
Former Beverly Hills rep found guilty of $200 million fraud scheme

Todd Ficeto was involved in an international hedge fund scam.

By InvestmentNews
Ritholtz Wealth launches Betterment-powered robo advice platform
FINTECH JUL 15, 2019
Ritholtz Wealth launches Betterment-powered robo advice platform

Ritholtz digital platform getting a second liftoff with Betterment for Advisors.

By Ryan W. Neal
Cybersecurity still a top concern among RIA compliance execs
COMPLIANCE JUL 15, 2019
Cybersecurity still a top concern among RIA compliance execs

Almost three-quarters increased cybersecurity compliance testing in the past year.

By InvestmentNews
Democrats warn Trump not to index capital gains to inflation for tax purposes
REGULATION AND LEGISLATION JUL 15, 2019
Democrats warn Trump not to index capital gains to inflation for tax purposes

Senators assert congressional authority to change policy

By Mark Schoeff Jr.
Texting your clients? Read this first
FINTECH JUL 15, 2019
Texting your clients? Read this first

Compliance concerns are paramount when adding texting to your communications mix.

By Dusty Russell
3 aspects of retirement affected by divorce
RETIREMENT PLANNING JUL 15, 2019
3 aspects of retirement affected by divorce

Rising rate of gray divorce in the U.S. requires financial advisers to understand different planning strategies

By Jamie Hopkins
Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges
REGULATION AND LEGISLATION JUL 12, 2019
Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges

As top federal prosecutor in south Florida in 2007 and 2008, Acosta signed off on a lenient plea deal for Epstein

By Bloomberg
Finra bars former Morgan Stanley rep who hid outside accounts
REGULATION AND LEGISLATION JUL 12, 2019
Finra bars former Morgan Stanley rep who hid outside accounts

Roman Corona declined to appear before panel looking into holdings.

By InvestmentNews
Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule
REGULATION AND LEGISLATION JUL 12, 2019
Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule

Acting secretary Patrick Pizzella will have to make political decision to move ahead.

By Mark Schoeff Jr.
LPL partners with Nationwide on 401(k) training for bank channel advisers
RETIREMENT PLANNING JUL 12, 2019
LPL partners with Nationwide on 401(k) training for bank channel advisers

The brokerage hopes to capture more retirement plan clients and push assets into its small-market 401(k) product.

By Greg Iacurci
UBS hires advisers with $2 billion in client assets
PRACTICE MANAGEMENT JUL 12, 2019
UBS hires advisers with $2 billion in client assets

The two advisers joined the firm in San Francisco and New York.

By Bruce Kelly
Cetera Financial Group eliminating Summit as a separate broker-dealer
INDEPENDENT BROKER DEALERS JUL 12, 2019
Cetera Financial Group eliminating Summit as a separate broker-dealer

Firm, offices and 450 advisers will become part of the Cetera Advisor Networks B-D.

By Bruce Kelly
CFP Board to announce possible delay of new fiduciary standard
REGULATION AND LEGISLATION JUL 12, 2019
CFP Board to announce possible delay of new fiduciary standard

Organization's CEO confirms meeting with Edward Jones, says broker-dealer still considering how to move forward.

By Bruce Kelly
The SECURE Act: Completing an unfinished masterpiece
RETIREMENT PLANNING JUL 12, 2019
The SECURE Act: Completing an unfinished masterpiece

The legislation would address some of the U.S. retirement system's shortfalls, including the millions of Americans who still lack access to plans.

By Robert L. Reynolds
Michael Kitces: The latest in financial adviser fintech — July 2019
FINTECH JUL 12, 2019
Michael Kitces: The latest in financial adviser fintech — July 2019

This month's edition kicks off with the announcement that Fidelity is launching a new Managed Account XChange (FMAX), in what appears to be a shift in the Fidelity business model.

By Michael Kitces
Voya Financial launching robo-advice platform for brokers
FINTECH JUL 11, 2019
Voya Financial launching robo-advice platform for brokers

The firm will not offer a direct-to-consumer version of Voya Digital Adviser.

By Ryan W. Neal
Schwab subscription planning service draws $1 billion in new assets
RIA NEWS JUL 11, 2019
Schwab subscription planning service draws $1 billion in new assets

Hybrid robo launched in March charges one-time planning fee plus $30 a month.

By InvestmentNews
Finra provides detail on enforcement breaks for cooperation
REGULATION AND LEGISLATION JUL 11, 2019
Finra provides detail on enforcement breaks for cooperation

Regulator also pledges more transparency in settlements.

By Mark Schoeff Jr.