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Dimon pay should be rejected by JPMorgan investors, proxy adviser says
NEWS PRACTICE MANAGEMENT MAY 08, 2022
Dimon pay should be rejected by JPMorgan investors, proxy adviser says

Glass Lewis & Co. cited a 'disconnect' between the CEO's pay and the bank's performance; it's particularly concerned about the $52.6 billion in options awarded to Dimon in 2022.

By Bloomberg
What would Jack Bogle do? Ask Vanguard's clients
NEWS OPINION MAY 06, 2022
What would Jack Bogle do? Ask Vanguard's clients

Vanguard founder John Bogle took his fiduciary mandate very seriously and focused on embedding it in the company's culture.

By Knut A. Rostad
Avantax boosts recruiting bonus to add advisers
NEWS PRACTICE MANAGEMENT MAY 06, 2022
Avantax boosts recruiting bonus to add advisers

Providing hefty bonuses to recruit financial advisers is like a sugar rush: sweet at first but it comes with a downside.

By Bruce Kelly
Broadridge launches effort to create retirement income solutions in plans
NEWS RETIREMENT PLANNING MAY 06, 2022
Broadridge launches effort to create retirement income solutions in plans

Retirement Income Consortium members include major investment, plan managers.

By InvestmentNews
Small employers are interested in PEPs, survey finds
NEWS RETIREMENT PLANNING MAY 06, 2022
Small employers are interested in PEPs, survey finds

Businesses want more information about pooled employer plans, but they're not ready to act.

By InvestmentNews
Historic rout isn’t over yet, Bank of America strategists say
NEWS FIXED INCOME MAY 06, 2022
Historic rout isn’t over yet, Bank of America strategists say

“Paralysis rather than panic best describes investor positioning,” BofA's Michael Hartnett says.

By Bloomberg
Social Security underpaid older children by nearly $60 million
NEWS TAX MAY 05, 2022
Social Security underpaid older children by nearly $60 million

Minor and disabled children are eligible for benefits when a parent retires or dies, and those benefits extend until the child is 18 — or 19 if still in high school.

By Mary Beth Franklin
Crypto-rich puzzle over how to pass high-risk wealth on to heirs
NEWS RETIREMENT PLANNING MAY 05, 2022
Crypto-rich puzzle over how to pass high-risk wealth on to heirs

As more crypto holders need help structuring their wealth, the staid world of estate planning is still playing catch up.

By Bloomberg
Fiduciary group offers best practices for using annuities in retirement plans
NEWS RETIREMENT PLANNING MAY 05, 2022
Fiduciary group offers best practices for using annuities in retirement plans

The key to a prudent process for selecting annuities for a retirement plan is to assess cost, performance and risk factors.

By Mark Schoeff Jr.
Rudy Adolf discusses Ukraine invasion on Focus earnings call
NEWS RIAS MAY 05, 2022
Rudy Adolf discusses Ukraine invasion on Focus earnings call

The Focus Financial CEO kicked off the firm's first-quarter earnings call by talking about Ukraine, which is the type of topic heads of U.S.-based financial services firms typically avoid.

By Bruce Kelly
J.P. Morgan launches direct indexing for RIAs
NEWS FINTECH MAY 05, 2022
J.P. Morgan launches direct indexing for RIAs

The Tax-Smart Separately Managed Account Platform lets advisers customize portfolios based on strategies created by J.P. Morgan’s index team.

By Ryan W. Neal
Stocks sink as specter of stagflation haunts trading
NEWS EQUITIES MAY 05, 2022
Stocks sink as specter of stagflation haunts trading

In the wake of the Federal Reserve's rate hike Wednesday, traders worry that Fed officials could struggle to contain inflation amid the lingering threat of a recession.

By Bloomberg
Elon Musk, Cathie Wood say passive funds have gone too far
NEWS INDUSTRY NEWS MAY 05, 2022
Elon Musk, Cathie Wood say passive funds have gone too far

Conversation on Twitter criticized passive investing and weighed in on a long-running Wall Street debate about the growing power of index funds.

By Bloomberg
Argos Wealth Advisors sells minority stake to Merchant
NEWS RIAS MAY 05, 2022
Argos Wealth Advisors sells minority stake to Merchant

Merchant Investment Management continues to build up a portfolio of minority ownership stakes with the deal with $775 million, California-based Argos.

By Jeff Benjamin
Inflation could give DB plans a boost, Cerulli says
NEWS RETIREMENT PLANNING MAY 05, 2022
Inflation could give DB plans a boost, Cerulli says

Rising rates drive down defined-benefit plan liabilities and raise their funded ratios.

By InvestmentNews
Bond turmoil threatens to erupt anew with inflation haunting Fed
NEWS FIXED INCOME MAY 05, 2022
Bond turmoil threatens to erupt anew with inflation haunting Fed

Chair Jerome Powell pours cold water on the prospect for a jumbo-sized 75 basis point rate hike next month.

By Bloomberg
Securities-Based Lending Remains an Attractive Option for Investment Clients
NEWS INDUSTRY NEWS MAY 05, 2022
Securities-Based Lending Remains an Attractive Option for Investment Clients

For well-qualified borrowers, a securities-based line of credit from a financial institution is an excellent option for accessing cash while preserving their investment strategy.

By Western Alliance Bank
Fed hikes rates half-point as Powell signals similar moves ahead
NEWS REGULATION AND LEGISLATION MAY 04, 2022
Fed hikes rates half-point as Powell signals similar moves ahead

The interest-rate increase is the biggest since 2000 and is the most aggressive policy action in decades to combat soaring inflation.

By Bloomberg
Buffett's jabs at finance lack relevance, readers say
NEWS INDUSTRY NEWS MAY 04, 2022
Buffett's jabs at finance lack relevance, readers say

Eighty-one percent of InvestmentNews readers responding to a poll conducted on Twitter and LinkedIn said the Oracle of Omaha's bromides were 'not relevant to me' or 'entirely irrelevant.'

By Bruce Kelly
Raymond James adds $580 million Wells Fargo team
NEWS BROKER DEALERS MAY 04, 2022
Raymond James adds $580 million Wells Fargo team

The four advisers will operate as Heberle Helm Ferguson Group in Monroeville, Pennsylvania.

By InvestmentNews