Industry News

Displaying 35408 results
Morningstar Wealth jumps into the direct indexing game
NEWS RIAS NOV 01, 2022
Morningstar Wealth jumps into the direct indexing game

The new platform will leverage technology to help financial advisers move clients onto the platform for personalization and tax management.

By Jeff Benjamin
Which beneficiaries are subject to RMDs by year-end?
NEWS IRA ALERT OCT 31, 2022
Which beneficiaries are subject to RMDs by year-end?

This list is longer than you might have thought, and it’s more confusing than ever before. And the penalty is still 50% if the RMD isn’t taken.

By Ed Slott
On his way to jail, fraudster rips off brokerages
NEWS REGULATION AND LEGISLATION OCT 31, 2022
On his way to jail, fraudster rips off brokerages

The SEC charged Syed Arham Arbab and five friends with trading with fake account deposits, in a 'free-riding' scheme that caused two brokerages to lose $146,600.

By Mark Schoeff Jr.
Oppenheimer moves to cancel $36.7 million arbitration decision
NEWS ALTERNATIVES OCT 31, 2022
Oppenheimer moves to cancel $36.7 million arbitration decision

While the firm filed a motion to vacate the award in Superior Court in DeKalb County, Georgia, it's extremely rare for courts to overturn Finra arbitration decisions.

By Bruce Kelly
Liquid alts funds see inflows while mutual funds see record outflows
NEWS RIAS OCT 31, 2022
Liquid alts funds see inflows while mutual funds see record outflows

With the old-school mutual fund wrapper continuing to suffer during the down-market cycle, alternative strategies represent a lone bright spot.

By Jeff Benjamin
Impax's Joe Keefe on ESG challenges and opportunities
NEWS ESG OCT 31, 2022
Impax's Joe Keefe on ESG challenges and opportunities

The firm's president says sustainable investing is a long-term approach: 'We try to invest in the next economy rather than the last economy.'

By Emile Hallez
Tech stocks weigh on funds popular with 401(k) plans
NEWS EQUITIES OCT 31, 2022
Tech stocks weigh on funds popular with 401(k) plans

Some funds held in many retirement savings plan have large holdings of stocks like Meta, Amazon.com and Apple, which is hurting the funds' performance this year.

By Bloomberg
An Explanation of 1031 Exchanges
NEWS INDUSTRY NEWS OCT 31, 2022
An Explanation of 1031 Exchanges

Learn about a strategy for deferring taxes—and even changing ownership structures—as your clients move from one real estate investment to another.

By InvestmentNews Create
Retire Inspired
NEWS INDUSTRY NEWS OCT 31, 2022
Retire Inspired

Join retirement expert Mary Beth Franklin and experts from Athene and The Index Standard for strategies that take the focus off current challenges and put it back on what clients want for their future.

By Athene
Twitter hysteria over Musk ownership has advisers reassessing value of the platform
NEWS RIAS OCT 28, 2022
Twitter hysteria over Musk ownership has advisers reassessing value of the platform

As the $44 billion acquisition sparks extreme reactions for and against the new owner, fintwit considers whether tweeting is still worth all the fuss.

By Jeff Benjamin
Restricting advisers' independent contractor status is a no-win for everyone
NEWS OPINION OCT 28, 2022
Restricting advisers' independent contractor status is a no-win for everyone

It's critical that the DOL and members of Congress hear from advisers what their independent classification means, not just to them but to their clients as well.

By Dale Brown
LPL sees demand for yield products amid down market
NEWS BROKER DEALERS OCT 28, 2022
LPL sees demand for yield products amid down market

Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.

By Bruce Kelly
Merger to create mega life insurance marketing organization
NEWS LIFE INSURANCE AND ANNUITIES OCT 28, 2022
Merger to create mega life insurance marketing organization

Libra Insurance Partners and Insurance Designers of America have agreed to merge.

By InvestmentNews
Private Advisor Group introduces Orion-powered investment platform
NEWS FINTECH OCT 27, 2022
Private Advisor Group introduces Orion-powered investment platform

WealthSuite offers fund and ETF model portfolios that are intended to save time for the firm's more than 750 advisers.

By InvestmentNews
Schwab sets date to transition advisers, clients and assets from TD Ameritrade
NEWS FINTECH OCT 27, 2022
Schwab sets date to transition advisers, clients and assets from TD Ameritrade

Tom Bradley of Schwab reiterated his promise to advisers that there will be no repapering of clients and that most firms will be able to keep their service teams.

By Ryan W. Neal
UBS team managing $1.7 billion joins RBC
NEWS RIAS OCT 27, 2022
UBS team managing $1.7 billion joins RBC

The five-adviser, 16-person group known as The Promus Wealth Management Group has joined RBC Wealth Management in Indianapolis.

By InvestmentNews
SEI revenue falls with markets and loss of Retirement Planners of America
NEWS INDUSTRY NEWS OCT 27, 2022
SEI revenue falls with markets and loss of Retirement Planners of America

For the three months that ended Sept. 30, SEI’s investment adviser business brought in $109.56 million, down 12% from same period in 2021.

By Ryan W. Neal
Merrill adds premium outside manager service
NEWS PRACTICE MANAGEMENT OCT 27, 2022
Merrill adds premium outside manager service

The service allows the firm's high-net-worth clients to use a variety of third-party asset management firms.

By InvestmentNews
Raymond James shares pop on strong wealth management earnings
NEWS PRACTICE MANAGEMENT OCT 27, 2022
Raymond James shares pop on strong wealth management earnings

The firm reported 8,681 financial advisers at the end of September, an increase of 199 compared to the same time last year.

By Bruce Kelly
Annuity sales soared again in third quarter
NEWS LIFE INSURANCE AND ANNUITIES OCT 27, 2022
Annuity sales soared again in third quarter

Total annuity sales rose 27% to $79.6 billion in Q3, Limra reported, while fixed-rate deferred annuity sales came in 159% higher than in the same quarter last year.

By Gregg Greenberg