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Raymond James nabs team managing $640 million
NEWS BROKER DEALERS MAR 11, 2020
Raymond James nabs team managing $640 million

The four-adviser group is leaving Northwestern Mutual Co.

By InvestmentNews
Treasuries can also be risky, Wall Street warns
NEWS FIXED INCOME MAR 11, 2020
Treasuries can also be risky, Wall Street warns

Analysts caution that U.S. government bonds may be losing their effectiveness as a hedge

By Bloomberg
Judge pulls plug on CenturyLink 401(k) lawsuit
NEWS RETIREMENT PLANNING MAR 10, 2020
Judge pulls plug on CenturyLink 401(k) lawsuit

The court granted summary judgment for the telecommunications firm, finding that its $5 billion plan did not violate federal law

By Emile Hallez
Advisers prepare to work remotely, but worry about losing 'human' relationship
NEWS FINTECH MAR 10, 2020
Advisers prepare to work remotely, but worry about losing 'human' relationship

Firms are turning to digital technology during the coronavirus outbreak, but advisers say nothing replaces meeting face-to-face with clients

By Ryan W. Neal
Market volatility likely to lead to outbreak of Finra arb cases
NEWS REGULATION AND LEGISLATION MAR 10, 2020
Market volatility likely to lead to outbreak of Finra arb cases

Arbitration experts say similar market disruptions in the past resulted in more investor claims against brokers

By Mark Schoeff Jr.
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
NEWS PRACTICE MANAGEMENT MAR 10, 2020
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’

Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'

By Bloomberg
Fears over market drop could cause some to postpone retirement
NEWS RETIREMENT PLANNING MAR 10, 2020
Fears over market drop could cause some to postpone retirement

Survey of those nearing retirement shows many would opt to work longer

By Mary Beth Franklin
SEC employees told to ‘telework’ given possible virus case
NEWS PRACTICE MANAGEMENT MAR 10, 2020
SEC employees told to ‘telework’ given possible virus case

The commission confirmed a worker at its Washington headquarters was treated for respiratory symptoms and was being tested for coronavirus

By Bloomberg
Market slide puts focus on companies’ balance sheets
NEWS EQUITIES MAR 10, 2020
Market slide puts focus on companies’ balance sheets

Stocks of companies with a lot of leverage could be hit hard if a credit crunch develops, analysts say

By Bloomberg
Alight, Estee Lauder settle case of plundered 401(k)
NEWS RETIREMENT PLANNING MAR 09, 2020
Alight, Estee Lauder settle case of plundered 401(k)

Thieves raided a retirement plan participant's account of $99,000, nearly emptying it

By Emile Hallez
Broker-dealers must stay on their toes amid coronavirus: Finra
NEWS PRACTICE MANAGEMENT MAR 09, 2020
Broker-dealers must stay on their toes amid coronavirus: Finra

B-Ds should consider having employees and advisers work remotely or from home due to the pandemic, regulator says

By Bruce Kelly
Loan provider adds 401(k) service for debt-weary workers
NEWS RETIREMENT PLANNING MAR 09, 2020
Loan provider adds 401(k) service for debt-weary workers

Retirement plan sponsors can now make contributions on behalf of employees who are paying down student loans

By Emile Hallez
Private equity firm takes stake in Beacon Pointe
NEWS RIAS MAR 09, 2020
Private equity firm takes stake in Beacon Pointe

The RIA also announced the acquisition of Ferrell Wealth Management

By InvestmentNews
Wells Fargo’s chair quits ahead of Capitol Hill hearing
NEWS PRACTICE MANAGEMENT MAR 09, 2020
Wells Fargo’s chair quits ahead of Capitol Hill hearing

Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday

By Bloomberg
Stocks tumble on oil shock
NEWS EQUITIES MAR 09, 2020
Stocks tumble on oil shock

The news that the alliance containing global oil production disintegrated sent stocks plunging

By Bloomberg
Aon to purchase Willis Towers for $30 billion
NEWS LIFE INSURANCE AND ANNUITIES MAR 09, 2020
Aon to purchase Willis Towers for $30 billion

The deal will combine the world's second- and third-biggest insurance brokerages

By Bloomberg
Stocks plunge most since financial crisis
NEWS EQUITIES MAR 09, 2020
Stocks plunge most since financial crisis

The rout, spurred by tumbling oil prices and growing fear of the coronavirus, put the vitality of the longest-ever bull market in jeopardy

By Bloomberg
Millionaire millennials are real, so start servicing them now
NEWS INDUSTRY NEWS MAR 08, 2020
Millionaire millennials are real, so start servicing them now

Who will guide this unwanted cohort’s deceptively bright financial future?

By InvestmentNews
>> Get your advance copy of the new issue
NEWS INDUSTRY NEWS MAR 06, 2020
>> Get your advance copy of the new issue

By InvestmentNews
Betterment surpasses $22 billion AUM in 500,000 user accounts
NEWS RIAS MAR 06, 2020
Betterment surpasses $22 billion AUM in 500,000 user accounts

The digital adviser believes it remains on track toward its goal of going public

By Ryan W. Neal