The six major industry developments of 2021 truly reflect news-making markers in the areas of regulation, investments, taxes, technology, retirement plans and the economic condition of the advice business.
The Labor Department's Employee Benefits Security Administration recovered about $2.4 billion in fiscal 2021, down from $3.1 billion a year prior.
The addition of Bingham Osborn & Scarborough will push the New York-based aggregator to nearly $40 billion in total RIA assets.
While wealth management firms are spending big on updates — with 31% introducing major feature updates this year — legacy technology and the complex array of services offered by wealth apps have presented unique challenges.
According to Moody's, financial institutions in the Group of 20 nations have $22 trillion of exposure to carbon-intensive industries, equal to roughly 20% of their total loans and investments.
MarylandSaves will automatically make payments to account holders when they reach 'retirement age,' unless they specify otherwise.
The CEO issued a statement Wednesday saying he regretted his quip that JPMorgan is likely to outlast China's Communist Party. The bank has ambitions to expand further in China.
Southcoast Hospitals Group is one of many retirement plan sponsors targeted last year in class-action litigation brought by law firm Capozzi Adler.
Clearview Wealth Partners is led by managing partners and co-founders Bill Roland and Jim Westermeyer. The team is aligned with The Financial Services Network, an existing LPL large enterprise.
After a summer of sale rumors, Wealthfront Corp. is now reportedly on the block, capping years of significant development toward a fully automated investment platform.
Wall Street had been anxiously awaiting Biden’s picks. The Fed’s monetary policy has encouraged investors to take on more risk and pushed stock, housing and other asset prices higher.
Financial adviser Christopher Andreach returned to the regional bank after just a two-month stint at UBS Group.
November is National Family Caregivers Month, celebrating the more than 53 million people in the U.S. who currently provide unpaid care to a relative or friend.
Unlike any other industry event, the RPA Aggregator event had no agenda. All participants were focused on the defined-contribution industry’s biggest opportunities and challenges.
CITs are on track to surpass mutual funds in target-date assets. Participants in 401(k)s that use CITs often stand to save a few basis points or more.
With inflation spiking to a 31-year high, financial advisers are taking action in client portfolios.
The deal for Derby and Co., which is based in Newton, Massachusetts, is Colony's fifth acquisition this year.
Advisor Group last week lost a star financial adviser, Kevin Myeroff. That's always a delicate time for a broker-dealer network.
As part of the effort, the bank tapped Puneet Singhvi to be its new head of digital assets inside the institutional clients group.
With two deals pending, New York-based Wealthspire is approaching $17 billion in total RIA assets.
