Industry News

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How will global markets react to U.S. election?
NEWS INDUSTRY NEWS SEP 30, 2020
How will global markets react to U.S. election?

Schwab’s chief global investment strategist Jeffrey Kleintop joins Jeff Benjamin and Bruce Kelly to chat about the global markets and how they’ll react to the U.S. elections

By InvestmentNews
Medicare 2021 open enrollment begins Oct. 15
NEWS RETIREMENT PLANNING SEP 30, 2020
Medicare 2021 open enrollment begins Oct. 15

Retirees may be able to save money by reviewing new options for Medicare Advantage and drug plans for next year

By Mary Beth Franklin
3 keys to integrating ESG into client portfolios
NEWS OPINION SEP 30, 2020
3 keys to integrating ESG into client portfolios

As the potential benefits of sustainable investing become clearer, advisers have an opportunity to add value through education and guidance

By Brie Williams
Wells Fargo’s Envestnet data-sharing deal raises murky questions
NEWS FINTECH SEP 30, 2020
Wells Fargo’s Envestnet data-sharing deal raises murky questions

The agreement opens up access to important tools for consumers, but the FTC is asking for more information about such practices

By Sean Allocca
Hybrid joins LPL from Advisor Group
NEWS BROKER DEALERS SEP 29, 2020
Hybrid joins LPL from Advisor Group

Family-run Hendrix Group Financial Services is based in Birmingham, Alabama, and had been affiliated with Securities Service Network

By InvestmentNews
SEC charges RIA with making false statements about its finances
NEWS RIAS SEP 29, 2020
SEC charges RIA with making false statements about its finances

Marietta, Georgia-based Lindner Capital Advisors and its principal were also charged with compliance deficiencies

By InvestmentNews
Another financial pro fired after racist insult
NEWS LIFE INSURANCE AND ANNUITIES SEP 29, 2020
Another financial pro fired after racist insult

Prudential cuts rep after he allegedly tells a Korean-American social media star to "go back to Wuhan" at a California restaurant

By Bruce Kelly
What advisers should expect from Trump-Biden debate
NEWS INDUSTRY NEWS SEP 29, 2020
What advisers should expect from Trump-Biden debate

The markets are longing for economic stimulus and less talk about tax hikes

By Jeff Benjamin
Empower to buy Fifth Third’s $6 billion retirement business
NEWS RETIREMENT PLANNING SEP 29, 2020
Empower to buy Fifth Third’s $6 billion retirement business

Empower will acquire 476 retirement plans and provide record-keeping and administrative services for the participants on Fifth Third’s platform

By Nicole Casperson
Why 401(k) adviser RFPs have not taken off
NEWS RETIREMENT PLANNING SEP 29, 2020
Why 401(k) adviser RFPs have not taken off

RPAs should be concerned because without professional guidance, plan sponsors might think that price is the most important criterion when selecting an adviser

By Fred Barstein
Exploring Diversity & Inclusion: Why Systemic Racism Lingers in Financial Services
NEWS INDUSTRY NEWS SEP 28, 2020
Exploring Diversity & Inclusion: Why Systemic Racism Lingers in Financial Services

The financial advice industry assesses how well its businesses are promoting and supporting diversity and inclusion

By InvestmentNews
Her Success Matters: Ida Liu, Head of Citi Private Bank North America
NEWS INDUSTRY NEWS SEP 28, 2020
Her Success Matters: Ida Liu, Head of Citi Private Bank North America

Ida Liu, Head of Citi Private Bank North America, shares the path that led her to her position at Citi

By InvestmentNews
Her Success Matters: Special Episode – A Tribute to Ruth Bader Ginsburg
NEWS INDUSTRY NEWS SEP 28, 2020
Her Success Matters: Special Episode – A Tribute to Ruth Bader Ginsburg

InvestmentNews’ Christine Shaw and Liz Skinner pay tribute to the late Supreme Court Justice Ruth Bader Ginsburg

By InvestmentNews
MGM Resorts, Duke Energy face 401(k) lawsuits
NEWS RETIREMENT PLANNING SEP 28, 2020
MGM Resorts, Duke Energy face 401(k) lawsuits

The cases are the latest in a busy year for ERISA litigation

By Emile Hallez
SEC warns of 'credential stuffing' cyberattacks
NEWS FINTECH SEP 28, 2020
SEC warns of 'credential stuffing' cyberattacks

Criminals are increasingly gaining access to login credentials by using programs that troll the dark web for usernames and passwords

By Nicole Casperson
Average charitable gift increased by 56% in 2019, study finds
NEWS TAX SEP 28, 2020
Average charitable gift increased by 56% in 2019, study finds

Despite changes in tax treatment, philanthropists increased support for nonprofits

By InvestmentNews
Steward Partners dives into bank broker business
NEWS RIAS SEP 28, 2020
Steward Partners dives into bank broker business

The fast-growing advisory business reached a deal to buy $3.4 billion in assets from Umpqua Holdings Corp.

By Bruce Kelly
INmail: Increase in grandson’s dependent benefit should be automatic
NEWS RETIREMENT PLANNING SEP 28, 2020
INmail: Increase in grandson’s dependent benefit should be automatic

The grandson is entitled to dependent benefits until he turns 18 or 19 if he is still in high school.

By Mary Beth Franklin
MacKay Shields names Janelle Woodward president
NEWS PRACTICE MANAGEMENT SEP 28, 2020
MacKay Shields names Janelle Woodward president

Woodward joins from BMO Global and succeeds retiring president Lucille Protas

By Jeff Benjamin
Gundlach asks realtors in low-tax states to get in touch
NEWS TAX SEP 28, 2020
Gundlach asks realtors in low-tax states to get in touch

Doubleline Capital CEO tweets about possibly leaving his Los Angeles base amid 'incompetent governance'

By Bloomberg