Industry News

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Countering the counterfeits: How to spot a fake Prada
NEWS INDUSTRY NEWS AUG 30, 2023
Countering the counterfeits: How to spot a fake Prada

Blockchain tech is being used in the battle against fake luxury products.

By Bloomberg
Goldman pays $5.5M over allegation it didn't record calls
NEWS REGULATION AND LEGISLATION AUG 29, 2023
Goldman pays $5.5M over allegation it didn't record calls

The Commodity Futures Trading Commission alleged that two outside systems Goldman relied on to record conversations sometimes failed in 2020.

By Bloomberg
Schwab, TD sued for failing to protect customer data from MOVEit hack
NEWS FINTECH AUG 29, 2023
Schwab, TD sued for failing to protect customer data from MOVEit hack

The class-action complaint alleges the hack exposed personal information of 61,000 TD customers.

By Ryan W. Neal
Baird adds trio who managed $500M at Zions
NEWS ADVISOR MOVES AUG 29, 2023
Baird adds trio who managed $500M at Zions

The three advisors have joined Baird’s office in Salt Lake City.

By Lauren Johnson
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum
NEWS REGULATION AND LEGISLATION AUG 29, 2023
Tax cuts vs. debt reduction: GOP presidential debate illustrates conundrum

'We need to address the looming debt and quit kicking the can down the road,' one advisor says.

By Mark Schoeff Jr.
Pre-retirees favor advisors with national firm affiliation
NEWS RETIREMENT PLANNING AUG 29, 2023
Pre-retirees favor advisors with national firm affiliation

Cerulli Associates research reveals how reliance on advisors rises as retirement approaches.

By Steve Randall
Female-led $325M duo launch sports and entertainment focused firm with LPL
NEWS BROKER DEALERS AUG 29, 2023
Female-led $325M duo launch sports and entertainment focused firm with LPL

New independent wealth firm also specializes in helping women in transition.

By Steve Randall
Ultimate status symbol? The 'billionaire's handshake' watch
NEWS INDUSTRY NEWS AUG 29, 2023
Ultimate status symbol? The 'billionaire's handshake' watch

At an average $51K each, could these timepieces prove to be a good investment?

By Bloomberg
Why psychology-driven financial planner believes industry is ripe for change
NEWS WOMEN ADVISOR COMMUNITY AUG 28, 2023
Why psychology-driven financial planner believes industry is ripe for change

InvestmentNews Women to Watch judge Sonya Lutter says it’s vital for other women to see female leadership

By Manal Ali
Helping clients overcome their lack of 'longevity literacy'
NEWS RETIREMENT PLANNING AUG 28, 2023
Helping clients overcome their lack of 'longevity literacy'

Advisors say they're constantly forced to educate clients about the dangers of outlasting their money, no matter their age.

By Gregg Greenberg
Goldman retreat from RIA market shows pitfalls of chasing varied clients
NEWS RIAS AUG 28, 2023
Goldman retreat from RIA market shows pitfalls of chasing varied clients

Bank's decision to refocus on super-rich shows how tough change can be for an institution like Goldman, say industry sources.

By Bruce Kelly
Goldman to sell RIA group to Creative Planning
NEWS RIAS AUG 28, 2023
Goldman to sell RIA group to Creative Planning

The RIA unit, with about $29 billion in assets, was known as United Capital when Goldman acquired it in 2019.

By Bruce Kelly
Raymond James adds $2.6B team from Securian
NEWS BROKER DEALERS AUG 28, 2023
Raymond James adds $2.6B team from Securian

San Ramon, California-based Summit Financial Group includes 16 financial advisors.

By InvestmentNews
Retirement plan confusion creating advisor opportunities
NEWS RETIREMENT PLANNING AUG 28, 2023
Retirement plan confusion creating advisor opportunities

Although 76% of sponsors were extremely satisfied with their current plan advisor, 22% reported they were actively looking to switch.

By Gregg Greenberg
Almost half of retirees want to go back to work, not always for money
NEWS RETIREMENT PLANNING AUG 28, 2023
Almost half of retirees want to go back to work, not always for money

And millions of Americans are set to delay retirement, according to a new survey.

By Steve Randall
Land of the financially free? Not according to most Americans
NEWS RETIREMENT PLANNING AUG 28, 2023
Land of the financially free? Not according to most Americans

Just 1 in 10 say they are living their version of financial freedom.

By Steve Randall
Investors wary of social media advice but more likely to trust AI
NEWS FINTECH AUG 28, 2023
Investors wary of social media advice but more likely to trust AI

CFP Board research shows that it’s not just younger generations that are open to AI-generated advice.

By Steve Randall
Positive sentiment for new week's trading following Jackson Hole
NEWS INDUSTRY NEWS AUG 28, 2023
Positive sentiment for new week's trading following Jackson Hole

Global markets tracked Friday's Wall Street gains in early trade Monday.

By Bloomberg
Slower labor market likely means Fed pause
NEWS INDUSTRY NEWS AUG 28, 2023
Slower labor market likely means Fed pause

Rate hikes should be less urgent following latest stats.

By Bloomberg
IRS delays mandatory Roth catch-up provision until 2026
NEWS IRA ALERT AUG 27, 2023
IRS delays mandatory Roth catch-up provision until 2026

Agency announces needed SECURE 2.0 relief related to catch-up contributions made by higher-income employees.

By Ed Slott