Industry News

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Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM
NEWS PRACTICE MANAGEMENT NOV 21, 2016
Raymond James expands in Idaho by adding former Morgan Stanley advisers with $685 million AUM

Broker-dealer says the additions are part of a continued expansion of their presence in the North and Northwest.

By Mark Schoeff Jr.
Raymond James gains alternative investments with Alex. Brown deal
NEWS EQUITIES NOV 21, 2016
Raymond James gains alternative investments with Alex. Brown deal

Raymond James clients will have opportunity to invest in private-equity and hedge funds

By Christine Idzelis
Raymond James recruits adviser team with $220 million in assets from Wells Fargo
NEWS PRACTICE MANAGEMENT NOV 21, 2016
Raymond James recruits adviser team with $220 million in assets from Wells Fargo

McCullough & Sparks Wealth Management opens office in Kenosha, Wis.

By Christine Idzelis
NEWS BROKER DEALERS NOV 18, 2016
Tim Murphy, former head of a closed Cetera Financial Group broker-dealer, now with LPL affiliate

By Bruce Kelly
NEWS FINTECH NOV 18, 2016
WisdomTree invests $20 million in robo-adviser Vanare, now AdvisorEngine

Asset manager takes 36% stake and its ETF models will be made available through the digital platform, which has changed its name.

By Liz Skinner
NEWS MUTUAL FUNDS NOV 18, 2016
Fund flows make screeching U-turn after election

Money flows out of bonds into stocks.

By John Waggoner
Schwab among the bidders for LPL: website
NEWS BROKER DEALERS NOV 18, 2016
Schwab among the bidders for LPL: website

Broker-dealer's stock is up more than 30% since reports surfaced that it was considering a sale.

By Bruce Kelly
Former LPL executive Derek Bruton resurfaces at Oppenheimer
NEWS BROKER DEALERS NOV 18, 2016
Former LPL executive Derek Bruton resurfaces at Oppenheimer

Mr. Bruton, who resigned suddenly from LPL Financial in April 2014, joined Oppenheimer sometime this month.

By Bruce Kelly
NEWS RIAS NOV 17, 2016
Ed Jones adviser predicted Trump's electoral vote tally — two weeks before the election

Broker won Wall Street Journal contest with his estimate of 306 votes for the Donald.

By Jeff Benjamin
NEWS RETIREMENT PLANNING NOV 17, 2016
New Social Security rules and divorce

Two sets of benefits exist for ex-spouses depending on their birth dates.

By Mary Beth Franklin
NEWS PRACTICE MANAGEMENT NOV 17, 2016
JPMorgan settles China hiring charges for $264 million

Plus: The Fed hints yet again, Wunderlich Securities brings in $500M, and Credit Suisse shutters leveraged/inverse oil ETNs

By Jeff Benjamin
NEWS INDUSTRY NEWS NOV 17, 2016
JPMorgan to pay $264 million to end probe into its hiring practices in China

By Bloomberg
NEWS RETIREMENT PLANNING NOV 17, 2016
U.S. divorce rate drops to lowest level in 35 years

Marriage has been holding steady for the past several years, but weddings are still half as common as they were in the 1970s and early 1980s.

By Bloomberg
NEWS RETIREMENT PLANNING NOV 17, 2016
Advisers and clients worry about Obamacare changes under Trump

Some advisers rely on the Affordable Care Act to insure themselves and employees, and now fear that it could be repealed or substantially changed.

By Liz Skinner
NEWS RETIREMENT PLANNING NOV 17, 2016
Advisers can't be passive when it comes to DOL rule's fiduciary principles

Each of the underlying duties of the fiduciary rule's best-interest standard — loyalty, care and individualization — require advisers to take specific actions.

By Blaine F. Aikin
NEWS REGULATION AND LEGISLATION NOV 17, 2016
Dallas judge indicates possibility of vacating DOL fiduciary rule

DOL questioned at length during challenge brought by SIFMA, FSI, Chamber of Commerce and others.

By Erin Sweeney
Morningstar to create new style box for liquid alt funds
NEWS EQUITIES NOV 17, 2016
Morningstar to create new style box for liquid alt funds

It will help advisers and investors measure correlation and volatility of past returns.

By Jeff Benjamin
LPL Financial exploring potential sale: report
NEWS BROKER DEALERS NOV 17, 2016
LPL Financial exploring potential sale: report

Company said to be exploring strategic alternatives and is working with Goldman Sachs, Reuters reported. (Related read: <a href="&quot;" target="&#8221;blank&quot;" rel="noopener noreferrer">LPL Financial's problems keep piling up</a>)

By Bruce Kelly
NEWS RETIREMENT PLANNING NOV 17, 2016
College financial aid process begins Saturday

FAFSAs for the 2017-18 school year are out three months earlier this year, and now allow reporting prior-prior year income data, or 2015.

By Liz Skinner
NEWS INDUSTRY NEWS NOV 17, 2016
Tips for last-minute college funding strategies

What advice you can give to clients who are getting a late start putting money away for their kids' college education.

By Liz Skinner