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BofA banker charged with murder in Michelle Avan’s death
Anthony Turner, a commercial banker, faces one felony count each of murder and first-degree residential burglary, according to the Los Angeles County District Attorney's office. The case remains under investigation.
Market risk, longevity still worry plan participants
About 40% of retirement plan participants say they're unsure how to make their money last, an American Century study finds.
HSAs keep growing, but employer support lags, report finds
Just over a third of companies that have high-deductible health plans automatically enroll workers covered by those plans into HSAs, the report from PSCA notes. About 15% of those enrolled in eligible plans do not participate in HSAs.
DPL and tech firm launch online insurance marketplace
The platform, called the SS&C Advent Insurance Marketplace, allows advisers to access a range of fee-only products through Black Diamond Wealth Platform and DPL's proprietary Product Discovery tools.
Colony Group to buy $288 million RIA
The Boston-based firm will acquire Calabasas, California-based Legacy Wealth Partners.
How COLA affects Social Security benefits
Those 62 and older profit from cost-of-living adjustments even if they're not yet collecting benefits.
Group-of-plans model good alternative for those waiting on PEPs
The model provides simplicity, with a single investment lineup, and also offers record-keeping pricing advantages.
CI Financial acquires $3.4 billion Ohio-based RIA
The addition of Budros Ruhlin & Roe will give the Toronto-based aggregator a total of $74 billion in U.S. wealth management assets.
Driving diversity and inclusion in the independent financial services industry
To fulfill our mission of expanding access to financial advice to all corners of the country, our membership and our profession must reflect the makeup of our overall society.
The Many Benefits of Annuities Might Surprise You
Annuities can provide important protected income during retirement, but many clients don't understand what they can do. This article details how annuities can protect and grow retirement income.
American Express returns to financial planning
The company unveiled a new tool, called My Financial Plan, that is certainly akin to the work done by financial advisers, but is stressing publicly that it is not eying an avenue back into the wealth management business.
Morgan Stanley bucks trend of more advisers leaving wirehouses
The company maintained its healthy recruiting pace over the first two quarters of the year even as losses continued to mount among its wirehouse competitors.
Indies managing $376 million switch to Securities America
Robert Batick moves from Westport Capital, while Norman Coates made the switch from LPL Financial.
A chance meeting leads an adviser to a bountiful niche practice
As a rookie adviser, Vidal Peoples met a doctor in need of comprehensive financial planning. He taps into the kind of professionals whose incomes can skyrocket but are also saddled with mountains of student loan debt.
Merrill Lynch veteran Michelle Avan dies
Avan recently became SVP and head of global women's and under-represented talent strategy, global human resources for Bank of America.
The fee-only model is scaling up fast, creating more mega RIAs
The rise of $1-billion-plus mega RIAs in the space, fed by an influx of private capital and deal-making, is a further sign of the business model’s maturity.
Assets in 529 savings accounts increase by 6.1% in Q2
Inflows to the accounts rise to $4.7 billion during the quarter, from $3.7 billion in the first three months of the year.
Envestnet bolsters $315 billion AUM with expanded services
The leading TAMP by assets is racking up the number of advisers on its platform and new accounts are opening at a faster pace than prior quarters, said CEO Bill Crager in an earnings call.
Janney adds five reps who managed $1 billion at Truist
The advisers are based in Virginia and the Carolinas; there's also one rep joining Janney from Wells Fargo.
Washington state testing long-term care program
The effort, WA Cares, is the first of its kind in the US and could serve as a model for other states.
