Industry News

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NEWS INDUSTRY NEWS MAY 18, 2018
Long-term outlook for gold is upbeat given tech, emerging markets

But we should talk about the short-term outlook.

By John Waggoner
NEWS INDUSTRY NEWS MAY 17, 2018
Employees at best places to work focus on the person — and the fun

Employees at best places to work firms focus on the person and fun.

By Bloomberg
NEWS RETIREMENT PLANNING MAY 17, 2018
The gig economy as a backup retirement plan

Some workers embrace side hustles to boost their nest eggs.

By Mary Beth Franklin
NEWS WIREHOUSES MAY 17, 2018
Wells Fargo sees slowdown in advisers exiting this year

The 2016 banking scandal and public relations fiasco had alienated some of the firm's advisers.

By Bruce Kelly
NEWS RETIREMENT PLANNING MAY 17, 2018
Those in managed accounts, target-date funds get better returns than DIY investors

'Professionals pretty much everywhere will probably outperform amateurs.'

By Robert Steyer
NEWS REGULATION AND LEGISLATION MAY 17, 2018
States trying to save DOL fiduciary rule appeal rejection of effort to intervene

California, New York, Oregon ask for rehearing by full 5th Circuit Court of Appeals.

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS MAY 16, 2018
Jordan Belfort, 'Wolf of Wall Street,' falling behind on restitution

Still owes $97 million; lawyer says he's 'cash strapped'; prosecutors say he's a 'deadbeat.'

By Bloomberg
Oregon auto-IRA success shows national program would 'work well,' advocate says
NEWS RETIREMENT PLANNING MAY 16, 2018
Oregon auto-IRA success shows national program would 'work well,' advocate says

Program has amassed nearly $3 million in just a few months.

By Greg Iacurci
NEWS REGULATION AND LEGISLATION MAY 16, 2018
SEC, Finra nab two firms for AML violations

Chinese bank unit fined $5.3 million over anti-money laundering laxity.

By Bloomberg
NEWS INDUSTRY NEWS MAY 16, 2018
Waddell & Reed sees flurry of senior staff departures

Firm also experiences an almost 30% decline in number of brokers and advisers.

By Bruce Kelly
NEWS RIAS MAY 16, 2018
California RIA William Jordan settles with SEC on fraud charges

Adviser consents to permanent injunction; court will determine penalties.

By Bloomberg
NEWS RETIREMENT PLANNING MAY 16, 2018
Mass Mutual to hike some LTC premiums by 77%

Move will affect 54,000 policyholders with older policies.

By Bloomberg
NEWS RETIREMENT PLANNING MAY 15, 2018
Team advising on $2 billion leaves Avondale for Janney

Three-adviser group in Franklin, Tenn., serves retirement plans.

By InvestmentNews
NEWS WIREHOUSES MAY 15, 2018
California rep files class action suit against Morgan Stanley

Former broker in San Francisco claims firm did not reimburse reps for expenses.

By InvestmentNews
NEWS INDUSTRY NEWS MAY 15, 2018
LPL, Lightyear Capital indicate interest in acquiring Cetera Financial Group

Both firms have signed confidential nondisclosure agreements, allowing them to look at proprietary information that could lead to a merger

By Bruce Kelly
NEWS INDUSTRY NEWS MAY 15, 2018
ETrade's custodial unit adds new investment choices

Morningstar, ClearBridge, Manning & Napier and Earth Equity join platform

By InvestmentNews
NEWS RETIREMENT PLANNING MAY 15, 2018
Philips North America reaches $17 million settlement in 401(k) lawsuit

Excessive fees, as well as the retention of a low-yielding money market fund, were at the heart of the lawsuit.

By Greg Iacurci
NEWS RETIREMENT PLANNING MAY 15, 2018
Almost half of near-retirees fail basic Social Security quiz

More than half of those surveyed have not yet created an online Social Security account

By Mary Beth Franklin
NEWS RIAS MAY 15, 2018
Advisers and clients agree: Life's better in the wealth management ecosystem

The objective is developing superior client solutions while creating an environment worthy of advisers' and associates' best efforts.

By Steve Gresham
NEWS INDUSTRY NEWS MAY 15, 2018
Team managing $180 million switches from LPL to Commonwealth

Three-adviser TL Financial Group is based in Southgate, Mich.

By InvestmentNews