Industry News

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Oil meltdown spreads beyond expiring contracts
NEWS INDUSTRY NEWS APR 21, 2020
Oil meltdown spreads beyond expiring contracts

West Texas Intermediate for June delivery dropped as much as 42% to $11.79 a barrel amid a massive glut of crude oil

By Bloomberg
No free lunch (not even for Tom Hanks) on IRA distributions
NEWS RETIREMENT PLANNING APR 21, 2020
No free lunch (not even for Tom Hanks) on IRA distributions

Ed Slott separates fact from fiction about how the CARES Act will affect clients’ retirement savings

By InvestmentNews
Barred adviser gets prison time for GIC Ponzi scheme
NEWS REGULATION AND LEGISLATION APR 21, 2020
Barred adviser gets prison time for GIC Ponzi scheme

Lester Burroughs allegedly misappropriated more than $500,000 from clients' accounts

By Emile Hallez
Transamerica VA targets fee-based advisers
NEWS RETIREMENT PLANNING APR 21, 2020
Transamerica VA targets fee-based advisers

The insurer added a new low-cost variable annuity product without living benefits

By Emile Hallez
Morningstar bulks up ESG research with buyout of Sustainalytics
NEWS ESG APR 21, 2020
Morningstar bulks up ESG research with buyout of Sustainalytics

Acquiring the entirety of the Dutch analytics firm opens up global ESG opportunities

By Jeff Benjamin
Zero-commission ETFs could spur practice changes: Cerulli
NEWS PRACTICE MANAGEMENT APR 21, 2020
Zero-commission ETFs could spur practice changes: Cerulli

Report says lower trading costs will encourage advisers to use exchange-traded funds for niche asset allocations

By InvestmentNews
Coaching clients through fear
NEWS OPINION APR 21, 2020
Coaching clients through fear

You can now make a long-term difference in the lives of your clients if you know how to recognize and minimize the effects of emotion on judgment

By Sarah Newcomb
Managing risk in retirement: Lessons from COVID-19
NEWS OPINION APR 21, 2020
Managing risk in retirement: Lessons from COVID-19

The coronavirus is throwing a wrench in many Americans' financial plans, but advisers can help keep investors on track

By Philip E. Caminiti
Now’s the best time to teach kids to invest
NEWS OPINION APR 21, 2020
Now’s the best time to teach kids to invest

Look for coachable moments, opportunities that pop up in the flow of ordinary life

By Thomas J. Henske
Fidelity cuts fees for long-term investors
NEWS MUTUAL FUNDS APR 21, 2020
Fidelity cuts fees for long-term investors

New thematic funds offer expense ratios that drop over time

By Jeff Benjamin
SEC penalizes Boston RIA $1 million over private fund marketing
NEWS RIAS APR 20, 2020
SEC penalizes Boston RIA $1 million over private fund marketing

Regulator says Old Ironsides distributed materials with misleading information

By InvestmentNews
LPL exec moves to Advisor Group
NEWS BROKER DEALERS APR 20, 2020
LPL exec moves to Advisor Group

Brian Shulstad will head business development at the firm's Triad Advisors unit

By InvestmentNews
Finra postpones arbitrations through July 3
NEWS REGULATION AND LEGISLATION APR 20, 2020
Finra postpones arbitrations through July 3

Postponement fees will be waived for hearings scheduled from July 6 through Sept. 4

By InvestmentNews
Morgan Stanley's Gorman sees more remote work in future
NEWS WIREHOUSES APR 20, 2020
Morgan Stanley's Gorman sees more remote work in future

Will large firms look to cut real estate costs now that the pandemic has proved the viability of working from home?

By Bruce Kelly
Investment options overpriced in pharmaceutical company's 401(k) plan: lawsuit
NEWS RETIREMENT PLANNING APR 20, 2020
Investment options overpriced in pharmaceutical company's 401(k) plan: lawsuit

Pharmaceutical Product Development mismanaged its 401(k) plan, opting for costlier investments than necessary, plaintiffs say

By Emile Hallez
10 IBDs that earn the most in fees
NEWS BROKER DEALERS APR 20, 2020
10 IBDs that earn the most in fees

The independent broker-dealers that took in the most in fees in 2019

By InvestmentNews
Skip earnings season and buy US stocks: Northern Trust
NEWS EQUITIES APR 20, 2020
Skip earnings season and buy US stocks: Northern Trust

Stimulus measures from US authorities suggest the American economy can get back on its feet as pandemic restrictions ease

By Bloomberg
As pandemic rages on, ESG funds shine brightly
NEWS ESG APR 19, 2020
As pandemic rages on, ESG funds shine brightly

Outperforming the broader market yet again during a sudden downturn, ESG strategies are emerging as the new standard upon which to gauge a company’s ability to withstand risk

By Jeff Benjamin
More must be done to bolster Americans' retirement savings
NEWS OPINION APR 19, 2020
More must be done to bolster Americans' retirement savings

Tens of millions of people who just lost their jobs may need to tap into their 401(k) accounts to make ends meet

By InvestmentNews
Virus spawns new challenge for ESG investors
NEWS ESG APR 19, 2020
Virus spawns new challenge for ESG investors

ESG investors face a new threat in the age of coronavirus: ‘social washing’

By Bloomberg