Welcoming the return of industry conferences
Betting that conditions will improve and restrictions be lessened in coming months, a sprinkling of fintech companies and others in and around the financial advice business have announced a resumption of live conferences to be held later in the year.
Introducing the 2021 Icons & Innovators
The fifth annual InvestmentNews Icons & Innovators shows the depths of the innovative spirit thriving in the financial advice business today. We highlight one Icon, 10 Innovators and 13 Innovation Award firm finalists this year out of hundreds of nominations and suggestions we received.
Two-thirds of Americans sat tight financially during pandemic
Relatively few people tapped their retirement accounts, but 20% drew on their emergency savings and 18% increased their credit card debt.
Massachusetts fines RBC $200,000 over failure to supervise
Regulator charges the firm failed to act on a former broker who was loading customer accounts up with energy sector master limited partnerships.
New York slaps AIG with $12 million penalty over pension risk transfers
Regulators say the insurance company’s American General Life subsidiary operated in the state without a license, undertaking four large-scale pension risk transfers and bidding on others.
Millennials still lag in wealth accumulation, study finds
This generation's longevity, combined with the fact that they'll get less support from Social Security, poses a retirement income problem.
DeNoyior named head of Hub’s wealth management business
The former CEO of Washington Financial Group succeeds the late David Reich in the role of national president of Hub Retirement and Private Wealth.
Novice investors flocked to market during pandemic, study finds
The majority of newbies in 2020 were under 45, according to the survey; they were more likely to be racially diverse and said they were investing for retirement.
Captrust acquires $3.13 billion wealth management firm
Sacramento, California-based Genovese Burford was founded in 1987 and has nearly 1,500 clients.
InvestCloud recapitalization values firm at $1 billion
Investor Motive Partners will contribute its Finantix and Tegra118 businesses, creating a global software-as-a-service wealth solutions platform.