Displaying 28158 results
$830 million indie team moves to LPL from Royal Alliance
Kansas-based Strategic Partners is affiliating with LPL through National Financial Alliance.
Wells Fargo to pay $3.7 billion for mistreating customers
The bank's settlement with the Consumer Financial Protection Bureau deals with a variety of allegations and includes a $1.7 billion fine that's the biggest in CFPB history.
Gen Zers aiming to retire earlier than boomers, study shows
More than any other generation surveyed, members of Gen Z improved their financial habits during the pandemic, with 70% reporting higher savings over that time period.
Thank you, 2022, from InvestmentNews
I’m grateful to have led the remarkable team at InvestmentNews as editor-in-chief in 2022, and we have great expectations for 2023.
Complex products: You have to know them when you see them
One of the challenges of regulating these investments is that there’s no agreed-upon definition for them.
Dynasty IPO is still in the cards, Shirl Penney says
Despite Dynasty's sales of minority ownership stakes to Schwab and a private equity investor, a public stock offering is still the best long-term strategy for the platform, the CEO says.
Prime Capital acquires $1.75 billion wealth planning firm
Liberty Wealth Advisors, led by James S. Gladney, has clients in more than 45 states.
This year should have been worse for broker-dealers
One of the big themes in 2022 was how well the broad retail wealth management industry has insulated itself from the downside of the bust part of the cycle.
Had a bad year? It could’ve been worse
2022 was marked by soaring inflation and a sinking stock market, but it had some redeeming features, including the fact that increasingly fee-based revenues make it easier for advisory firms to weather such storms.
Fintech challenged by market forces
While most adviser-facing fintechs were spared the pain felt across the wider technology landscape, not everyone escaped the year unscathed.
Ta-ta, TINA! The year in retirement investing
One thing every investor, and especially retirees, could plainly see was that they were making money for practically nothing each month or quarter for the first time in ages.
Diversity imperatives snapped into focus
Accountability for fulfilling vows of diversity and inclusion has been scarce, but a spate of new scholarship and outreach programs signaled progress.
Goldman weighs cutting up to 4,000 jobs
CEO David Solomon is battling to contain a slump in profit and revenue after a costly expansion into consumer bank resulted in deep losses.
Lincoln Financial launches financial wellness marketplace
The first service offered in the marketplace will connect plan participants to student debt solutions.
Raymond James ordered to pay $12 million to Texas plane crash families
The pilot, Jeffrey Weiss, had been a financial adviser with Raymond James & Associates in Houston.
Wealth Enhancement Group adds $523 million hybrid
BFS Wealth Management is a hybrid RIA in Iselin, New Jersey, and will be Wealth Enhancement Group's 12th office in the tristate region.
Adviser coach awards $50,000 in scholarships
The grants from Stephanie Bogan will support training for diverse advisers.
Delaying claiming Social Security beyond age 70
It sounds odd, since delayed retirement credits stop accumulating at age 70, but intentional late filing for benefits can shift income into the next tax year.
Allianz Life study shows rising financial anxiety, greater demand for advice
Almost one in three Americans say their finances are in worse shape now than at this time a year ago, up from the 19% who felt that way in 2021.
Robertson Stephens acquires two RIAs
The deals add $370 million in AUM through LFS Wealth Advisors, Vodia Capital.
