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US, Hong Kong firms merge to form $4.3 billion advisory
Leo Wealth combines LeoGroup, Capital Company and BFT Financial Group.
Congress should continue updating the retirement system
The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.
An Atlanta adviser takes pride in serving polyamorous clients overlooked by traditional planners
Michelle Waymire, founder of Atlanta-based advisory firm Young & Scrappy, says her polyamorous niche grew out of a broader focus on the LGBTQ community.
401(k) suit claims higher revenue-sharing funds should have been used
Had Juniper Networks' plan used higher-revenue-sharing share classes, net costs conceivably could have been lower, if those fees were rebated back to participants, according to the complaint.
Britney Spears’ father agrees to step down as conservator
After 13 years of control over Britney Spears' financial decisions, Jamie Spears has officially volunteered to step away as conservator.
Ex-Merrill Lynch broker gets 42 months for $3 million fraud
Marcus Boggs pleaded guilty to wire fraud in March, and on Thursday was sentenced to 42 months in prison. One of the victims was a man who received approximately $5 million in a wrongful conviction settlement.
The future of investing is personal — and it’s already here
In the past year alone, Goldman Sachs Group Inc., Morgan Stanley & Co., BlackRock Inc. and Charles Schwab & Co. have all expanded their direct-indexing capabilities and are jockeying for the next generation of investors.
The parallel paths of ETFs and annuities
The questions that RIAs have about commission-free annuities right now are the very same questions they had just 15 years ago about exchange-traded funds, which are now a core part of client portfolios.
Savant to acquire $321 million RIA firm
The principals at Indiana-based Treybourne Wealth Planners will become Savant member owners.
Plaintiffs make a splash in SeaWorld 401(k) lawsuit
The class action calls out the plan's fees for investments, record keeping and financial advice.
Looking beyond a will: Estate planning as end-of-life planning
Estate planning is a lot bigger than just the financial aspects of the estate; it includes family, feelings, values and goals.
Advisers can learn from Eileen Cure and her practice management fiasco
The Texas adviser, shunned for alleged racist comments, missed the memo on diversity benefits but exposed a broader conundrum facing advisers.
Oppenheimer adviser managing $550 million goes indie with LPL
Ken South and his team open Tower 68 Financial Advisors in Newport Beach, California.
When it comes to planning for themselves, do financial advisers seek advice from other advisers?
InvestmentNews Research asked financial advisers if they solicit advice from other advisers when it comes to planning their own retirement. Their answers may be surprising.
VA settlement could lead RIAs, insurers, states to ramp up oversight
The case shows California is paying attention to annuity recommendations made through RIAs, and other state insurance departments could follow its lead. The settlement could also lead insurers and licensed third parties that work with RIAs to scrutinize recommendations more carefully, if they don't already vet them closely.
MassMutual indie broker-dealer to offer Bitcoin fund to clients
MML Investors Services has entered into a placement agent agreement with NYDIG, a provider of technology and investment solutions that focuses on Bitcoin.
Voya explores potential deal for newly public Alight
Voya has recently looked at purchasing benefits administrator Alight, according to people with knowledge of the matter, but it isn't clear whether the companies are in active talks.
Mariner adds $500 million Pennsylvania RIA
Commonwealth Advisory Group will be Mariner’s first office in Pittsburgh.
Hybrid managing $300 million moves to Arkadios
Personal Portfolio, based in Redwood City, California, previously was affiliated with Investment Architects.
Wells Fargo names Steve Black chairman
Charles Noski, who had served as the bank's chairman since March 2020, is stepping down.
