Industry News

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Wealthfront, staying true to robo roots, faces uphill battle in race for assets
NEWS FINTECH FEB 26, 2016
Wealthfront, staying true to robo roots, faces uphill battle in race for assets

As rivals expand, the robo hasn't hinted at any plans to partner with advisers.

By Alessandra Malito
NEWS EQUITIES FEB 26, 2016
The best strategy for this stock market is to own what hedge funds don't

<i>Breakfast with Benjamin</i> Turns out the key to navigating the current market environment is to do whatever hedge funds are not doing. It's that simple.

By Jeff Benjamin
NEWS EQUITIES FEB 26, 2016
Tech stocks for dividends no longer a joke

Reason to like tech dividend payers: Most have enough cash to keep their dividends flowing for years.

By John Waggoner
Social Security issues new guidelines for popular file-and-suspend strategy
NEWS RETIREMENT PLANNING FEB 26, 2016
Social Security issues new guidelines for popular file-and-suspend strategy

Updated April 29 deadline looms for those who want to take advantage of current rules.

By Mary Beth Franklin
SEC redesigns adviser website to help investors research brokers
NEWS FINTECH FEB 26, 2016
SEC redesigns adviser website to help investors research brokers

The Securities and Exchange Commission is helping investors do their due diligence with improved public disclosure.

By Alessandra Malito
NEWS RIAS FEB 25, 2016
Tiedemann Wealth Management and Presidio Capital Advisors merge in large RIA deal

Combined business will have about $13 billion in assets under advisement.

By Christine Idzelis
NEWS RIAS FEB 25, 2016
Advisers leave Wells Fargo to create $4.5 billion RIA firm GYL Financial

GYL joined Focus Financial's network this month as it seeks to expand through acquisition.

By Christine Idzelis
NEWS FINTECH FEB 25, 2016
Betterment incorporates external accounts onto its client and adviser platform

&#8220;Our goal is to be our customer's central financial relationship, where you do everything in the long term,&#8221; said Jon Stein, chief executive of Betterment.

By Alessandra Malito
NEWS RIAS FEB 25, 2016
It's easy to become a financial adviser

All you have to do is pass the Uniform Investment Adviser Law Examination and answer 72% of the questions correctly

By Bloomberg
NEWS RETIREMENT PLANNING FEB 25, 2016
Couple files Finra arbitration claim against Morgan Stanley in connection with energy investment

Attorney claims his clients lost more than $100,000 as U.S. oil prices collapsed.

By Christine Idzelis
NEWS RETIREMENT PLANNING FEB 25, 2016
Why it's more difficult than ever to trust financial advisers

A new working paper by business school professors at the University of Chicago and University of Minnesota found that 7% of advisers have been disciplined for misconduct.

By Bloomberg
NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2016
Fidelity suspends MetLife annuity sales as insurer mulls breakup

The second-largest U.S. mutual fund company stopped sales of MetLife's annuities in light of uncertainty surrounding a possible sale of its retail unit.

By Bloomberg
NEWS RIAS FEB 25, 2016
Boost in SEC examiners to enable closer scrutiny of RIAs

Senior columnist Bruce Kelly says the agency going after conflicts of interest means closer scrutiny of RIAs and their businesses.

By Bruce Kelly
MetLife weighs spinoff of domestic retail business as CEO seeks less oversight
NEWS LIFE INSURANCE AND ANNUITIES FEB 25, 2016
MetLife weighs spinoff of domestic retail business as CEO seeks less oversight

After non-bank systemically important financial institution designation, insurer is weighing a possible sale, spinoff or public offering

By Bloomberg
NEWS FINTECH FEB 25, 2016
Big data ushers in the predictive future

Broker-dealers are figuring out how to position themselves to deliver on this disruptive technology

By Liz Skinner
NEWS INDUSTRY NEWS FEB 24, 2016
Wedbush fined $675,000 by Finra and Nasdaq for leveraged ETF trading snafus

The broker-dealer served as the clearing firm for customer Scout Trading, and acted as an authorized participant of various exchange-traded funds.

By Bruce Kelly
NEWS REGULATION AND LEGISLATION FEB 24, 2016
SEC nominee Peirce concerned about agency's lack of input on DOL fiduciary

In a confirmation hearing, Hester Peirce expressed concern that the agency has not had appropriate input into the Labor Department rule on investment advice.

By Mark Schoeff Jr.
NEWS INDUSTRY NEWS FEB 24, 2016
Ex-JPMorgan broker gets five years for gambling funds away

A former JPMorgan Chase &amp; Co. broker said he stole millions of dollars from customers because his brain was &#8220;hijacked&#8221; by an addiction to sports gambling.

By Bloomberg
NEWS MUTUAL FUNDS FEB 24, 2016
Too much gold in your investment portfolio can reduce performance

When clients want to load up on gold, financial advisers need to stress that holding more than 5% of the precious metal can weigh down their portfolios.

By John Waggoner
Financial Engines plans insurance, health care advice for 401(k) participants
NEWS RETIREMENT PLANNING FEB 24, 2016
Financial Engines plans insurance, health care advice for 401(k) participants

The 401(k) managed account provider is pushing for more holistic financial planning.

By Greg Iacurci