DOL fiduciary rule faces pushback in congress
A bicameral group of senators and house representatives have launched a joint resolution seeking to quash the rule.
Americans and advisors divided on inflation, finds survey
With more widespread concern among consumers, research reveals the value of anti-inflation strategies, including annuities with guarantees.
Most Americans aren’t ready for the Boomer wealth wave
Survey exposes lack of financial confidence to handle a large windfall, with over half of Gen Y and Gen Z receiving poor advice in the past.
LPL expands in Texas with ex-Lincoln advisor
The wealth giant’s latest addition in the Lone Star State reportedly managed $215M for affluent individuals, business owners, and executives.
Summit strengthens Southwest presence with $370M UBS team
The RIA is bolstering its partnership model as it helps the breakaway team, led by a 25-year veteran, launch their own high-net-worth firm.
Is planning for age 95 longevity overkill?
With data drawing on 266 million cases, white paper suggests the rule of thumb can cause retirement plans to massively overshoot clients’ actual needs.
Pontera unveils 401(k) mega-partnership with Stifel
The collaboration will let over 2,400 advisors manage retirement plan assets for more than 200,000 clients across the wealth giant’s enterprise.
RBC lures two ex-Merrill Lynch teams in the Northeast
Collectively, the two veteran advisor groups in Maryland are bringing around $900M in client assets to RBC’s wealth advisory business.
William Blair scores $1.2B multigenerational team
The firm expands its private wealth presence in Philadelphia, Pennsylvania with a veteran trio of high-net-worth advisors from Raymond James.
John Hancock inks longevity research partnership with MIT
The five-year, multimillion-dollar effort aims to produce a data-driven index to determine Americans’ readiness to live a good 100 years.