RIA News

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Don’t panic! There’ve been 13 bull and bear markets since WWII
RIAS RIA NEWS FEB 28, 2020
Don’t panic! There’ve been 13 bull and bear markets since WWII

Over the last eight decades, the average bull market lasting 1,630 days and the average bear lasting 419 days

By Jeff Benjamin
Lawsuit questions Finra’s ability to bar brokers
ADVISOR NEWS REGULATION AND LEGISLATION FEB 28, 2020
Lawsuit questions Finra’s ability to bar brokers

The argument hinges on whether a lifetime sanction is a punitive or remedial punishment

By Mark Schoeff Jr.
Gold dips, dampening 'safe haven' from stocks
INVESTING ALTERNATIVES FEB 28, 2020
Gold dips, dampening 'safe haven' from stocks

Prices fell about 4% Friday, though analysts said there's still an investment case for the yellow metal

By Emile Hallez
Empathy can help advisers succeed with clients
ADVISOR NEWS OPINION FEB 28, 2020
Empathy can help advisers succeed with clients

Why many women aren't seeking advice

By Courtney Laffler
401(k) trading spikes amid correction
ADVISOR NEWS RETIREMENT PLANNING FEB 28, 2020
401(k) trading spikes amid correction

Rebalancing activity was the highest it's been since 2008, according to record keeper Alight Solutions

By Emile Hallez
Market dive puts advisers on the offensive
RIAS PRACTICE MANAGEMENT FEB 28, 2020
Market dive puts advisers on the offensive

Beyond just hand-holding, they provide clients with perspective and advise them to buy low

By Jeff Benjamin
PNC Bank accused of hiding evidence of wealth manager’s assault
ADVISOR NEWS REGULATION AND LEGISLATION FEB 28, 2020
PNC Bank accused of hiding evidence of wealth manager’s assault

The bank produced video of a man following an adviser to her car. Key footage is allegedly absent

By Bloomberg
SEC fines Wells Fargo $35 million for unsuitable sales of complex products
RIAS PRACTICE MANAGEMENT FEB 27, 2020
SEC fines Wells Fargo $35 million for unsuitable sales of complex products

Firm recommended that clients buy, hold single-inverse ETFs in retirement accounts despite previous Finra penalty

By Mark Schoeff Jr.
Gold prices set to soar amid stock volatility
INVESTING MUTUAL FUNDS FEB 27, 2020
Gold prices set to soar amid stock volatility

Investors turn to gold for its relative safety in volatile markets. The new coronavirus outbreak is fueling sales

By Emile Hallez
New Vestwell infrastructure removes traditional record keepers from retirement plan administration
ADVISOR NEWS RETIREMENT PLANNING FEB 27, 2020
New Vestwell infrastructure removes traditional record keepers from retirement plan administration

Vestwell now brings all non-custody services in-house

By Ryan W. Neal
Weak state oversight of insurance sales hurts investors and advisers
INVESTING LIFE INSURANCE AND ANNUITIES FEB 27, 2020
Weak state oversight of insurance sales hurts investors and advisers

Insurance salespeople had a part in selling the $1.2 billion Woodbridge Ponzi

By Bruce Kelly
Social Security and survivor benefits
ADVISOR NEWS RETIREMENT PLANNING FEB 27, 2020
Social Security and survivor benefits

Widows and widowers have multiple claiming options

By Mary Beth Franklin
Intel 401(k) ruling could bolster some class actions
ADVISOR NEWS RETIREMENT PLANNING FEB 26, 2020
Intel 401(k) ruling could bolster some class actions

The Supreme Court decision makes it harder for fiduciaries to cite a three-year window to have ERISA claims dismissed

By Emile Hallez
Annuities group wants 401(k)s for all — including cannabis workers
ADVISOR NEWS RETIREMENT PLANNING FEB 26, 2020
Annuities group wants 401(k)s for all — including cannabis workers

The Insured Retirement Institute wants mandatory retirement plan coverage for most businesses, but similar legislation has been floated in the past

By Emile Hallez
Massachusetts fiduciary rule won’t cover variable annuity sales
INVESTING LIFE INSURANCE AND ANNUITIES FEB 26, 2020
Massachusetts fiduciary rule won’t cover variable annuity sales

The Securities Division says the state considers VAs to be insurance products, not securities

By Mark Schoeff Jr.
Advisers say regulation will be biggest shaper of business
ADVISOR NEWS REGULATION AND LEGISLATION FEB 26, 2020
Advisers say regulation will be biggest shaper of business

Other factors include changing client demographics and technology innovation, according to a new survey

By InvestmentNews
InvestmentNews rolls out innovative new design
RIAS RIA NEWS FEB 26, 2020
InvestmentNews rolls out innovative new design

The magazine is also upgrading its user experience and adding to its management team

By InvestmentNews
Merrill adviser managing $190 million moves to Raymond James
ADVISOR NEWS INDEPENDENT BROKER DEALERS FEB 26, 2020
Merrill adviser managing $190 million moves to Raymond James

Michael Borza is joining the employee unit in Virginia Beach, Va.

By InvestmentNews
State regulator revokes registration of adviser who sold Woodbridge securities
ADVISOR NEWS REGULATION AND LEGISLATION FEB 26, 2020
State regulator revokes registration of adviser who sold Woodbridge securities

N.J. investment representative Gary Scheer was also assessed $750,000 in civil penalties for selling fraudulent investments

By InvestmentNews
Workers win at Supreme Court on 401(k) suit deadlines
ADVISOR NEWS RETIREMENT PLANNING FEB 26, 2020
Workers win at Supreme Court on 401(k) suit deadlines

Court rules in a lawsuit filed against Intel that companies can't assume employees read the emails they're sent with details about plan investments

By Bloomberg