Industry News

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Advisers say go for the gold as the perfect hedge for trade-war fears
NEWS RIAS AUG 05, 2019
Advisers say go for the gold as the perfect hedge for trade-war fears

Gold was up nearly as much as the S&P 500 was down in mid-day trading Monday.

By Jeff Benjamin
Is a recession coming? Yield curve signals loudest warning since 2007
NEWS EQUITIES AUG 05, 2019
Is a recession coming? Yield curve signals loudest warning since 2007

Rates on 10-year notes sank like a stone Monday, erasing the surge that followed President Donald J. Trump's 2016 election.

By Bloomberg
$700 million firm founded during Depression joins Pennsylvania-based B-D
NEWS INDUSTRY NEWS AUG 05, 2019
$700 million firm founded during Depression joins Pennsylvania-based B-D

End of an era: Sweney Cartwright will operate as the Columbus, Ohio, branch office of Boenning & Scattergood Inc.

By InvestmentNews
Tech to help advisers plan for more years of healthcare costs in retirement
NEWS RETIREMENT PLANNING AUG 05, 2019
Tech to help advisers plan for more years of healthcare costs in retirement

Helping clients manage money through longer lifespans is an increasing concern.

By Ryan W. Neal
New DOL advice rule must factor in reality of aging investors
NEWS RETIREMENT PLANNING AUG 03, 2019
New DOL advice rule must factor in reality of aging investors

More than any other client segment, older people rely on advisers to be their honest guide

By crain-api
Time to shift your hiring goal from 'culture-fit' to 'culture-add'
NEWS OPINION AUG 03, 2019
Time to shift your hiring goal from 'culture-fit' to 'culture-add'

As a firm owner or decision-maker, you have the power to make an impact on this profession.

By Rianka Dorsainvil
Advisers resist SECURE Act provision to limit inherited IRAs
NEWS RETIREMENT PLANNING AUG 02, 2019
Advisers resist SECURE Act provision to limit inherited IRAs

Provision would pay for other aspects of retirement-savings bill.

By Mark Schoeff Jr.
Finra bars former Edward Jones rep involved in expense investigation
NEWS INDUSTRY NEWS AUG 02, 2019
Finra bars former Edward Jones rep involved in expense investigation

Beth Hamilton refused to appear at a hearing looking into inaccurate reimbursements.

By InvestmentNews
Hybrid managing $180 million switches from Ameriprise to LPL
NEWS INDUSTRY NEWS AUG 01, 2019
Hybrid managing $180 million switches from Ameriprise to LPL

Signet Strategic Wealth Management is based in Westlake Village, Calif.

By InvestmentNews
New York RIA head sentenced to 13 years for Ponzi scheme
NEWS RIAS AUG 01, 2019
New York RIA head sentenced to 13 years for Ponzi scheme

Court also orders Hector May to pay $8.4 million in restitution.

By InvestmentNews
Fed rate cut 'locked in' despite good economy
NEWS INDUSTRY NEWS JUL 31, 2019
Fed rate cut 'locked in' despite good economy

Uncertainty looms over how much opposition even a quarter-point cut will face and how much the U.S. economy is likely to slow.

By Bloomberg
Flood of RIA sales pushes industry toward a buyer's market
NEWS RIAS JUL 31, 2019
Flood of RIA sales pushes industry toward a buyer's market

Record M&A activity in the second quarter is seen as just the beginning.

By Jeff Benjamin
Lightyear sells Wealth Enhancement Group to TA Associates
NEWS RIAS JUL 31, 2019
Lightyear sells Wealth Enhancement Group to TA Associates

Don Marron and the $11.8 billion RIA ride the wave of private-equity ownership.

By Jeff Benjamin
Morgan Stanley duo managing $252 million moves to Raymond James
NEWS INDUSTRY NEWS JUL 31, 2019
Morgan Stanley duo managing $252 million moves to Raymond James

Matthew Pruitt and Matthew Fisher join employee unit in Doylestown, Pa.

By InvestmentNews
Former Morgan Stanley broker fined $5,000 over client settlement
NEWS REGULATION AND LEGISLATION JUL 31, 2019
Former Morgan Stanley broker fined $5,000 over client settlement

Eric Nichols didn't tell firm he paid $28,000 to settle a customer's complaint.

By InvestmentNews
Acquisition consolidates players in retirement record keeping
NEWS INDUSTRY NEWS JUL 31, 2019
Acquisition consolidates players in retirement record keeping

PCS Retirement acquires Aspire Financial Services

By InvestmentNews
NEWS RIAS JUL 31, 2019
Dawn Bennett sentenced to 20 years in federal prison

Former adviser found guilty of 17 federal charges, gets maximum sentence.

By Jeff Benjamin
Median age of RIA firm principals now 49, down from 52
NEWS RIAS JUL 31, 2019
Median age of RIA firm principals now 49, down from 52

TD Ameritrade study finds lead advisers and associates also getting younger.

By InvestmentNews
Leveraged and inverse ETFs may be too risky to sell, says state regulator group
NEWS MUTUAL FUNDS JUL 31, 2019
Leveraged and inverse ETFs may be too risky to sell, says state regulator group

North American Securities Administrators Association sees room for improvement in supervision.

By InvestmentNews
CFP Board's effort to strengthen enforcement could sharpen teeth of fiduciary duty
NEWS REGULATION AND LEGISLATION JUL 31, 2019
CFP Board's effort to strengthen enforcement could sharpen teeth of fiduciary duty

But overall effectiveness of new advice standard still likely to depend largely on honor system.

By Mark Schoeff Jr.