Industry News

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Ken Fisher a flash point for industry's poor record addressing sexism
NEWS INDUSTRY NEWS OCT 25, 2019
Ken Fisher a flash point for industry's poor record addressing sexism

The money manager's comments struck a nerve, but are only part of a larger problem.

By Bruce Kelly
Stifel team managing $800 million moves to Wells Fargo
NEWS INDUSTRY NEWS OCT 25, 2019
Stifel team managing $800 million moves to Wells Fargo

Manuel Palan, Pamela Glaser and Danny Shoshnik will be based at St. Louis headquarters.

By InvestmentNews
Goldman joins retreat from Fisher's firm
NEWS INDUSTRY NEWS OCT 25, 2019
Goldman joins retreat from Fisher's firm

Bank says it will drop Fisher Asset Management as an underlying manager of a Goldman global equity fund.

By Bloomberg
LPL Financial cut trade, advisory costs by $15 million in 2019
NEWS INDUSTRY NEWS OCT 25, 2019
LPL Financial cut trade, advisory costs by $15 million in 2019

CEO Dan Arnold expects more of the same in 2020.

By Bruce Kelly
Fisher divestment tops $3 billion after Texas pension bolts
NEWS INDUSTRY NEWS OCT 25, 2019
Fisher divestment tops $3 billion after Texas pension bolts

State's pension fund pulls $350 million, citing its fiduciary duty.

By Bloomberg
Security Benefit indexed annuity fraud lawsuit may signal trouble for other insurers
NEWS INDUSTRY NEWS OCT 25, 2019
Security Benefit indexed annuity fraud lawsuit may signal trouble for other insurers

Lawsuit alleges the company deceptively marketed indexed annuities with proprietary indices to consumers.

By Greg Iacurci
NEWS INDUSTRY NEWS OCT 25, 2019
Goldman joins retreat from Fisher's firm

Bank says it will drop Fisher Asset Management as an underlying manager of a Goldman global equity fund.

By Bloomberg
NEWS INDUSTRY NEWS OCT 25, 2019
LPL Financial cut trade, advisory costs by $15 million in 2019

CEO Dan Arnold expects more of the same in 2020.

By Bruce Kelly
Schwab platform gives advisers easier access to alternative investments
NEWS INDUSTRY NEWS OCT 24, 2019
Schwab platform gives advisers easier access to alternative investments

iCapital Network is first sponsor to join the Schwab alternatives marketplace.

By Ryan W. Neal
Finra fines former Merrill top broker $15,000 over falsified CE
NEWS INDUSTRY NEWS OCT 24, 2019
Finra fines former Merrill top broker $15,000 over falsified CE

Bruce Lee also suspended for 18 months

By InvestmentNews
Finra fines BNP Paribas $15 million for AML violations
NEWS INDUSTRY NEWS OCT 24, 2019
Finra fines BNP Paribas $15 million for AML violations

Fine also covers supervisory failures involving penny stocks.

By InvestmentNews
TD's Skip Schweiss says he'll do whatever it takes to avoid conflicts as president of FPA
NEWS INDUSTRY NEWS OCT 24, 2019
TD's Skip Schweiss says he'll do whatever it takes to avoid conflicts as president of FPA

The FPA's 2021 president-elect said there are plans in place for dealing with potential conflicts.

By Jeff Benjamin
Closing the retirement savings gap for employers and employees alike
NEWS INDUSTRY NEWS OCT 24, 2019
Closing the retirement savings gap for employers and employees alike

Matching an appropriate retirement plan with business owners' needs is a strategy overlooked by many advisers.

By Cathy Clauson
4 areas advisers should investigate before leaping to another firm
NEWS INDUSTRY NEWS OCT 24, 2019
4 areas advisers should investigate before leaping to another firm

Critical subtleties can make or break a transition.

By Jim Baka
Los Angeles pulls $500 million from Fisher
NEWS INDUSTRY NEWS OCT 24, 2019
Los Angeles pulls $500 million from Fisher

More than $2.5 billion has been divested from the firm in the wake of Ken Fisher's comments earlier this month.

By Bloomberg
NEWS INDUSTRY NEWS OCT 24, 2019
Specialize in serving women? You'd better know Social Security strategies

Mary Beth Franklin describes why this income source is so critical for women in retirement.

By Liz Skinner
Heads of Raymond James, Ameriprise say race to zero is getting murky
NEWS INDUSTRY NEWS OCT 24, 2019
Heads of Raymond James, Ameriprise say race to zero is getting murky

CEOs of both firms say they're in the dark about UBS' move to cut fees on some accounts.

By Bruce Kelly
NEWS INDUSTRY NEWS OCT 24, 2019
TD Ameritrade adds ESG portfolios to 529 plan

Firm's Nebraska plan is available nationally.

By InvestmentNews
NEWS INDUSTRY NEWS OCT 24, 2019
TD's Skip Schweiss says he'll do whatever it takes to avoid conflicts as president of FPA

The FPA's 2021 president-elect said there are plans in place for dealing with potential conflicts

By Jeff Benjamin
NEWS INDUSTRY NEWS OCT 24, 2019
Finra fines BNP Paribas $15 million for AML violations

Fine also covers supervisory failures involving penny stocks.

By InvestmentNews