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Five-adviser Merrill team managing $280 million joins Stifel
NEWS BROKER DEALERS SEP 15, 2020
Five-adviser Merrill team managing $280 million joins Stifel

The Bonnette group is opening an office for the firm in Audubon, New Jersey

By InvestmentNews
Obama-era fiduciary rule cut sales of expensive annuities: Study
NEWS LIFE INSURANCE AND ANNUITIES SEP 15, 2020
Obama-era fiduciary rule cut sales of expensive annuities: Study

Even though a federal appeals court vacated the measure in 2018, its impact lives on

By Mark Schoeff Jr.
Sutter Health hit with second lawsuit over $3.7 billion DC plan
NEWS RETIREMENT PLANNING SEP 15, 2020
Sutter Health hit with second lawsuit over $3.7 billion DC plan

The class-action cases point to allegedly excessive investment management fees

By Emile Hallez
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues
NEWS WIREHOUSES SEP 15, 2020
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues

One goal is to fortify Democratic opposition to Reg BI

By Mark Schoeff Jr.
80% of older workers financially illiterate: Survey
NEWS RETIREMENT PLANNING SEP 15, 2020
80% of older workers financially illiterate: Survey

The results show retirement will be an uncertain time for many, according to The American College of Financial Services

By Emile Hallez
How a Biden win in November reshapes investment advice rules
NEWS REGULATION AND LEGISLATION SEP 15, 2020
How a Biden win in November reshapes investment advice rules

Democrats scrapping the Trump administration’s reforms hinges on who’s picked to lead the SEC

By Mark Schoeff Jr.
John Galloway to head Vanguard’s stewardship efforts
NEWS PRACTICE MANAGEMENT SEP 15, 2020
John Galloway to head Vanguard’s stewardship efforts

He succeeds veteran Glenn Booraem, who will continue to serve as a senior adviser for the group

By InvestmentNews
Steve Cohen strikes deal to buy New York Mets
NEWS ALTERNATIVES SEP 15, 2020
Steve Cohen strikes deal to buy New York Mets

The billionaire hedge fund manager rooted for the team while growing up on Long Island

By Bloomberg
Retirement advisory firms must adapt or face attrition
NEWS OPINION SEP 15, 2020
Retirement advisory firms must adapt or face attrition

National aggregators are forcing independents to act

By Dick Darian
Early estimate puts 2021 Social Security COLA at 1.3 percent
NEWS RETIREMENT PLANNING SEP 15, 2020
Early estimate puts 2021 Social Security COLA at 1.3 percent

That adjustment for next year would be small, but higher than previously expected

By Mary Beth Franklin
Team managing $500 million at Wells Fargo moves to Alex. Brown
NEWS BROKER DEALERS SEP 14, 2020
Team managing $500 million at Wells Fargo moves to Alex. Brown

A trio of advisers led by Steve Kanteliotis joins the Raymond James unit in Philadelphia

By InvestmentNews
Lessons from 2020: New InvestmentNews surveys
NEWS PRACTICE MANAGEMENT SEP 14, 2020
Lessons from 2020: New InvestmentNews surveys

InvestmentNews will introduce a series of short polls to gather adviser learnings and sentiments around 2020

By George Moriarty
ESG could thrive in 401(k) plans, despite DOL rule
NEWS RETIREMENT PLANNING SEP 14, 2020
ESG could thrive in 401(k) plans, despite DOL rule

Even as the regulator moves to stem the funds in retirement plans, there are ample opportunities, according to speakers at the NAPA 401(k) Summit

By Emile Hallez
INmail: Claiming early nixes switching to spousal benefits
NEWS RETIREMENT PLANNING SEP 14, 2020
INmail: Claiming early nixes switching to spousal benefits

Unfortunately, clients can’t switch to a spousal benefit and allow their own retirement benefit to continue to grow until 70 for a few reasons.

By Mary Beth Franklin
Hybrid managing $250 million goes to LPL from Waddell
NEWS BROKER DEALERS SEP 14, 2020
Hybrid managing $250 million goes to LPL from Waddell

JTL Wealth Partners, based in Plano, Texas, has national ambitions

By InvestmentNews
UBS chairman explores merger with Credit Suisse: Report
NEWS WIREHOUSES SEP 14, 2020
UBS chairman explores merger with Credit Suisse: Report

Such a deal would create one of Europe's largest banks at a point when the industry is under pressure to consolidate

By Bloomberg
From new normal to new paradigm
NEWS RETIREMENT PLANNING SEP 13, 2020
From new normal to new paradigm

How half a year of quarantine has affected the financial services industry

By InvestmentNews
Recognizing financial advice  innovators
NEWS INDUSTRY NEWS SEP 13, 2020
Recognizing financial advice innovators

We welcome submissions for InvestmentNews' 2021 Icons and Innovators Awards

By George Moriarty
The digital shift is here — and it’s uncomfortable
NEWS FINTECH SEP 11, 2020
The digital shift is here — and it’s uncomfortable

Wholesale tech adoption comes with pitfalls

By Sean Allocca
Is working from home the new  normal?
NEWS PRACTICE MANAGEMENT SEP 11, 2020
Is working from home the new normal?

Six months into the forced work-from-home experiment, traditional office space is becoming less relevant

By Jeff Benjamin