Industry News

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RIAs find it easy to justify spending more on technology in 2017
NEWS RIAS DEC 12, 2016
RIAs find it easy to justify spending more on technology in 2017

Robo platforms are lifting client expectations.

By Jeff Benjamin
Advisers may not feel it yet, but downward fee pressure is coming
NEWS RIAS DEC 12, 2016
Advisers may not feel it yet, but downward fee pressure is coming

Fidelity study finds RIA firm revenue yield fell to 69 basis points last year from between 72 and 73 basis points over the prior four years.

By Jeff Benjamin
Looking for consistent top performance? Most active funds don't have it
NEWS MUTUAL FUNDS DEC 12, 2016
Looking for consistent top performance? Most active funds don't have it

The longer the time period, the less likely they are to outperform.

By John Waggoner
Wells Fargo's FiNet snags two Morgan Stanley advisers with $243 million in client assets
NEWS BROKER DEALERS DEC 12, 2016
Wells Fargo's FiNet snags two Morgan Stanley advisers with $243 million in client assets

By Bruce Kelly
Mercer Advisors acquires California RIA Fabian Wealth Strategies
NEWS RIAS DEC 12, 2016
Mercer Advisors acquires California RIA Fabian Wealth Strategies

The deal pushes Mercer toward $10 billion in assets under management

By Jeff Benjamin
Kellyanne Conway gives advisers some lessons from Trump's victory
NEWS PRACTICE MANAGEMENT DEC 12, 2016
Kellyanne Conway gives advisers some lessons from Trump's victory

Trump's campaign manager said people made the mistake of assuming who the electorate was rather than listening to what the electorate wanted. <b><i>(Related read: <a href=&quot;http://www.investmentnews.com/article/20161202/FREE/161209978/trumps-policies-could-be-tough-on-emerging-markets-and-ignite-a&quot; target=&quot;_blank&quot;>Trump's policies could be tough on emerging markets </a>) </b></i>

By Jeff Benjamin
NEWS REGULATION AND LEGISLATION DEC 09, 2016
Anthony Scaramucci headed to White House?

The hedgie, famous for comparing the DOL fiduciary rule to the Dred Scott decision, may be going to work for Donald Trump.

By Bloomberg
Small business optimism soars after Trump victory
NEWS INDUSTRY NEWS DEC 09, 2016
Small business optimism soars after Trump victory

The November reading of the National Federation of Independent Businesses' small business optimism index had its sharpest surge since 2009.

By Bloomberg
Finra bars former JP Morgan, RBC brokers
NEWS BROKER DEALERS DEC 09, 2016
Finra bars former JP Morgan, RBC brokers

Both former brokers settled and refused to testify.

By Jeff Benjamin
NEWS RIAS DEC 09, 2016
RIAs rank technology spending as top priority amid competition from robo-platforms: Scottrade survey

Technology spending has edged out spending on business growth as the top priority for registered investment advisers, according to a recent survey.

By Jeff Benjamin
NEWS RETIREMENT PLANNING DEC 09, 2016
Your credit card choice could make-or-break the bank

The wrong pick can cost you money or a free trip.

By Bloomberg
NEWS RETIREMENT PLANNING DEC 09, 2016
Will your career really last into retirement?

Working into your 70s or 80s can be a great idea, but it's also completely unrealistic for many workers who want to stick to their chosen profession.

By Bloomberg
NEWS RETIREMENT PLANNING DEC 09, 2016
Clock is ticking on Social Security insolvency that could result in future benefit cuts

It's not the first time the country has faced a Social Security funding crisis.

By Mary Beth Franklin
Ex-J.P. Turner broker accused of excessive trading in elderly client's account barred by Finra
NEWS PRACTICE MANAGEMENT DEC 09, 2016
Ex-J.P. Turner broker accused of excessive trading in elderly client's account barred by Finra

The regulator said Anthony Mastroianni Jr. churned an elderly client's account at two different brokerages.

By Bruce Kelly
NEWS RETIREMENT PLANNING DEC 09, 2016
Three ways 401(k) advisers can demonstrate their value to clients

Retirement plan advisers should be able to provide quantifiable metrics that demonstrate their success.

By Aaron Pottichen
NEWS PRACTICE MANAGEMENT DEC 09, 2016
The future of financial planning through fiduciary lenses

There will be a variety of desired and unexpected consequences of the DOL fiduciary rule.

By Jamie Hopkins and Craig Lemoine
NEWS EQUITIES DEC 09, 2016
BlackRock banks on cheaper ETFs

Plus: Bank stocks and the election, how the DOL rule could hit adviser pay, and seven 'stupid' ETFs

By Jeff Benjamin
NEWS RIAS DEC 09, 2016
Finra launches extensive sweep of broker-dealer cross-selling

Regulator looking into incentives firms are offering employees to promote bank products of an affiliate or parent company to retail brokerage customers in wake of Wells Fargo scandal.

By John Waggoner
NEWS REGULATION AND LEGISLATION DEC 08, 2016
Investment Company Institute says DOL rule is already depriving investors of financial advice

Some people turned away by their brokers are contacting mutual funds for help, fund trade group official says. <b><i>(Related read: <a href=&quot;http://www.investmentnews.com/article/20161205/FREE/161209971/betterment-presses-trump-to-keep-dol-rule&quot; target=&quot;_blank&quot;>Betterment presses Trump to keep DOL rule</a>)</b></i>

By Mark Schoeff Jr.
NEWS RETIREMENT PLANNING DEC 08, 2016
Time for a new Social Security Commission

Clock is ticking on trust fund insolvency that could result in future benefit cuts.

By Mary Beth Franklin