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JPMorgan agrees to take 49% Viva Wallet stake in fintech deal
NEWS INDUSTRY NEWS JAN 25, 2022
JPMorgan agrees to take 49% Viva Wallet stake in fintech deal

European payments landscape is big growth area, exec says.

By Bloomberg
What inflation could mean for annuities
NEWS RETIREMENT PLANNING JAN 24, 2022
What inflation could mean for annuities

Many people are likely wondering how heightened inflation will affect their retirement goals, including the role of insurance products they already own or are considering.

By Emile Hallez
Four Texas REIT executives guilty of fraud
NEWS ALTERNATIVES JAN 24, 2022
Four Texas REIT executives guilty of fraud

The UDF real estate dilemma has been unwinding for years. The UDF executives now face up to 25 years each in federal prison.

By Bruce Kelly
SCOTUS vacates Northwestern rulings
NEWS RETIREMENT PLANNING JAN 24, 2022
SCOTUS vacates Northwestern rulings

In a decision that's almost certainly unwelcome news for retirement plan sponsors, the Supreme Court said lower courts paid too much attention to whether the university's inclusion of some low-cost options in its plans is sufficient to show fiduciaries abided by their duties.

By Emile Hallez
Merrill fires Connecticut adviser after uproar at smoothie shop
NEWS PRACTICE MANAGEMENT JAN 24, 2022
Merrill fires Connecticut adviser after uproar at smoothie shop

The adviser, James Iannazzo, went on a tirade over the weekend after his son had an allergic reaction to a drink.

By Bruce Kelly
Wealthspire kicks off rebranding efforts in wealth management build-out
NEWS RIAS JAN 24, 2022
Wealthspire kicks off rebranding efforts in wealth management build-out

Lenox Wealth Advisors became Wealthspire over the weekend, with Private Capital Group and Private Ocean the next firms under NFP's umbrella to see name changes.

By Jeff Benjamin
Utah duo managing $350 million joins LPL from Commonwealth
NEWS RIAS JAN 24, 2022
Utah duo managing $350 million joins LPL from Commonwealth

Andy Walker and Christen Covey open their own firm, Walker Covey Wealth Advisors, in Orem.

By InvestmentNews
Citigroup rep managing $200 million moves to Alex. Brown
NEWS ADVISOR MOVES JAN 24, 2022
Citigroup rep managing $200 million moves to Alex. Brown

Fernando Campoo joins Miami office of Raymond James division.

By InvestmentNews
TriNet switches 401(k) plan to Empower
NEWS RETIREMENT PLANNING JAN 24, 2022
TriNet switches 401(k) plan to Empower

The move will allow TriNet to provide more website capabilities and additional call center hours to plan participants.

By InvestmentNews
Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million
NEWS PRACTICE MANAGEMENT JAN 24, 2022
Morgan Stanley lifts CEO James Gorman’s pay 6% to $35 million

Wall Street giant sets another high mark for profit in 2021.

By Bloomberg
To rethink our retirement ‘system,’ go Down Under
NEWS RETIREMENT PLANNING JAN 24, 2022
To rethink our retirement ‘system,’ go Down Under

While American policymakers tend to ignore the approaches of other nations, looking at the Australian experience might make sense.

By InvestmentNews
Active ETFs catch the eye of RIAs and big funds, too
NEWS RIAS JAN 24, 2022
Active ETFs catch the eye of RIAs and big funds, too

According to CFRA data, through the end of last year, active ETFs made up 4% of all ETF assets, and represented 10% of ETF net inflows in the past year.

By Jeff Benjamin 
Active managers are getting a smaller slice of the pie
NEWS ETFS JAN 24, 2022
Active managers are getting a smaller slice of the pie

The debate over active versus passive strategies may be coming to a close.

By Jeff Benjamin 
Top-earning CEOs at broker-dealers
NEWS PRACTICE MANAGEMENT JAN 22, 2022
Top-earning CEOs at broker-dealers

Chief executives at leading brokerage and advisory firms are earning more money than ever. Here are the 2021 compensation numbers for some of the most notable executives.

By Bruce Kelly
BofA revamps wealth management product teams
NEWS PRACTICE MANAGEMENT JAN 21, 2022
BofA revamps wealth management product teams

The moves in product teams increase the responsibilities of Andy Sieg, the president of Merrill Lynch, and Katy Knox, president of BofA's private bank.

By Bloomberg
Why JPMorgan is spending $12 billion on tech
NEWS FINTECH JAN 21, 2022
Why JPMorgan is spending $12 billion on tech

The 26% boost in the bank's 2021 tech spending covers not just software development, but investments in data and analytics, artificial intelligence and physical aspects such as data centers.

By Sean Allocca
TIAA offers annuity to corporate retirement plans
NEWS RETIREMENT PLANNING JAN 21, 2022
TIAA offers annuity to corporate retirement plans

The deferred fixed annuity is designed to be used as an allocation within managed accounts or custom target-date model portfolios in 401(k)s.

By InvestmentNews
New era imminent as SEC focuses on accountability
NEWS OPINION JAN 21, 2022
New era imminent as SEC focuses on accountability

The agency seems to be moving toward seeking admissions of guilt from firms based on first-of-their-kind enforcement actions that it has taken as well as comments that its leaders have made.

By Margie Webber
Wells Fargo gets 2015 regulatory order lifted
NEWS WIREHOUSES JAN 21, 2022
Wells Fargo gets 2015 regulatory order lifted

The Office of the Comptroller of the Currency terminated an order related to add-on products, in another sign of progress for CEO Charlie Scharf's efforts to turn the bank around.

By Bloomberg
Franklin Templeton hires ESG exec from Calpers
NEWS PRACTICE MANAGEMENT JAN 20, 2022
Franklin Templeton hires ESG exec from Calpers

Anne Simpson developed and executed the sustainability investment strategy for the giant California pension plan.

By InvestmentNews