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Schwab plan to purchase TD Ameritrade will be boon to fortunes of both companies
RIA NEWS NOV 21, 2019
Schwab plan to purchase TD Ameritrade will be boon to fortunes of both companies

The transaction would create a firm with roughly $5 trillion in combined assets.

Advisers who overlook retirement income may face stiff competition
RIA NEWS NOV 21, 2019
Advisers who overlook retirement income may face stiff competition

Plan advisers who can't articulate their value to sponsors will be at a competitive disadvantage.

Silicon Valley firm helps keep track of $1.7 trillion of assets
ALTERNATIVES NOV 20, 2019
Silicon Valley firm helps keep track of $1.7 trillion of assets

Addepar says assets linked to its technology are growing at an average of $10 billion a week.

SEC files action to stop $6 million Ponzi scheme in Florida
REGULATION, LEGAL & COMPLIANCE NOV 19, 2019
SEC files action to stop $6 million Ponzi scheme in Florida

Agency obtains temporary restraining order against Neil Burkholz and Frank Bianco.

UBS hires 9 reps managing $1.6 billion
RIA NEWS NOV 18, 2019
UBS hires 9 reps managing $1.6 billion

Biggest win is trio who managed $676 million at Merrill Lynch

ETFs that hide their holdings get a green light
MUTUAL FUNDS NOV 15, 2019
ETFs that hide their holdings get a green light

The SEC plans to approve active nontransparent ETFs from T. Rowe Price, Natixis, Fidelity and Blue Tractor

Finra suspends former Sigma rep over Woodbridge note sales
RIA NEWS NOV 15, 2019
Finra suspends former Sigma rep over Woodbridge note sales

Frederick Randhahn fined $5,000 and must disgorge $33,168 in commissions.

Fisher asked women to appear in ads. Not all were happy about it
RIA NEWS NOV 14, 2019
Fisher asked women to appear in ads. Not all were happy about it

Ads featuring the firm's female employees were part of a campaign to counter negative coverage of the company.

Schwab boosts new account openings 31% after fees go to zero
RIA NEWS NOV 14, 2019
Schwab boosts new account openings 31% after fees go to zero

Jump in new trading accounts in October brings the company's total brokerage accounts to 12.2 million.

Fidelity report warns boomers to ease up on stocks
RIA NEWS NOV 14, 2019
Fidelity report warns boomers to ease up on stocks

More than a third had crossed Fidelity's 70% threshold for those 10 years from retirement.