Industry News

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NEWS INDUSTRY NEWS AUG 30, 2016
Lower-paying industries driving wage pressure on Fed

<i>Breakfast with Benjamin</i> How rising pay on the low end of the wage scale is pressuring the Fed as it ponders raising rates.

By Jeff Benjamin
Don't count small-cap funds out because of looming interest rate hikes
NEWS MUTUAL FUNDS AUG 30, 2016
Don't count small-cap funds out because of looming interest rate hikes

ETFs and active small-cap funds still lead the market despite Federal Reserve chatter.

By John Waggoner
SEC hot-button topics that advisers need to know about
NEWS RIAS AUG 30, 2016
SEC hot-button topics that advisers need to know about

Priorities include business continuity plans, cybersecurity and fee disclosure.

By John Waggoner
Advisers managing $587M join Wells Fargo from Morgan Stanley
NEWS PRACTICE MANAGEMENT AUG 30, 2016
Advisers managing $587M join Wells Fargo from Morgan Stanley

The group opened Encore Wealth Management at Wells Fargo Advisors Financial Network.

By Christine Idzelis
Indexed annuity sales projected to plummet 30% because of DOL fiduciary rule
NEWS LIFE INSURANCE AND ANNUITIES AUG 30, 2016
Indexed annuity sales projected to plummet 30% because of DOL fiduciary rule

Sales are estimated to fall to $40 billion next year, a level not seen since 2013. The drop would put an end to the products' nearly decade-long surge in growth.

By Greg Iacurci
Erica McGinnis stepping down as CEO of Advisor Group
NEWS PRACTICE MANAGEMENT AUG 30, 2016
Erica McGinnis stepping down as CEO of Advisor Group

The broker-dealer network is seeking a new chief executive as Valerie Brown temporarily fills the role.

By Christine Idzelis
Cetera, plan sponsor sued for excessive fees in $25 million 401(k)
NEWS RETIREMENT PLANNING AUG 30, 2016
Cetera, plan sponsor sued for excessive fees in $25 million 401(k)

In an unusual move, an indie B-D has been named a co-defendant in a suit that could be a sign of more legal fights for small plans.

By Greg Iacurci
NEWS PRACTICE MANAGEMENT AUG 29, 2016
How advisers can effectively talk about risk with clients

We need to make it clear that there's no such thing as zero risk.

By Carl Richards
NEWS RETIREMENT PLANNING AUG 29, 2016
What grade does your state's college savings plan get?

Age-based 529 plans for this year's freshmen don't always get high marks.

By John Waggoner
NEWS FINTECH AUG 29, 2016
How social insights can supercharge investment research

Social-media data capture opinions that are often a precursor to consumer behavior

By Bloomberg
Ways for financial advisers to face down the debt supercycle
NEWS INDUSTRY NEWS AUG 29, 2016
Ways for financial advisers to face down the debt supercycle

High global debt levels have weakened global economic growth to the point where the credit cycle has started to drive the business cycle rather than vice versa.

By Roger Early
NEWS ETFS AUG 29, 2016
Bond bubble? CFAs say yes

But GDP forecasts say, &quot;Not so fast.&quot;

By Bloomberg
What grade does your state's 529 plan get?
NEWS RIAS AUG 29, 2016
What grade does your state's 529 plan get?

Age-based plans for this year's freshmen don't always get high marks. New York, Pennsylvania and Iowa funds get an A, but other states have more homework to do.

By John Waggoner
Betterment partners with Uber for retirement savings, in bid to tap 'gig economy'
NEWS RETIREMENT PLANNING AUG 29, 2016
Betterment partners with Uber for retirement savings, in bid to tap 'gig economy'

Robo-adviser to provide Uber drivers with free investment services in IRAs for a year. <a href=&quot;http://www.investmentnews.com/article/20150817/BLOG16/150819926/uber-versus-yellow-cabs-a-fight-advisers-should-watch&quot; target=&quot;_blank&quot;>Why advisers should pay attention to Uber's fight with yellow cabs.</a>

By Alessandra Malito
Give yourself permission to see financial advice as creative
NEWS PRACTICE MANAGEMENT AUG 29, 2016
Give yourself permission to see financial advice as creative

We're artists whose finished work doesn't end up on a canvas but plays out in the real lives of our clients.

By Carl Richards
Troubling surprises advisers discover when switching firms
NEWS PRACTICE MANAGEMENT AUG 29, 2016
Troubling surprises advisers discover when switching firms

Those who have made a move say they were surprised by the all-consuming transition process and the emotional blows.

By Liz Skinner
Advisory firms threatened by attrition as advisers retire or go independent: J.D. Power
NEWS INDUSTRY NEWS AUG 29, 2016
Advisory firms threatened by attrition as advisers retire or go independent: J.D. Power

The number of advisers considering going independent doubled to 12% in 2016, from just 6% two years ago.

By Tanvi Acharya
Independent broker-dealers suffer worst year since credit crisis
NEWS RIAS AUG 29, 2016
Independent broker-dealers suffer worst year since credit crisis

Coming off a gloomy 2015 of weak revenue growth, the forecast for this year is for more of the same.

By Bruce Kelly
NEWS PRACTICE MANAGEMENT AUG 29, 2016
Wirehouse recruiting numbers must be more transparent

Only when we see the facts behind the aggregate numbers can we learn what is really happening at these firms.

By DSARCH
NEWS EQUITIES AUG 26, 2016
Fed finds more reasons to keep sitting on its hands

Plus: You probably shouldn't curse in front on your clients, there's a limit to delaying retirement, and do we really need all these dollar bills?

By Jeff Benjamin