Industry News

Displaying 35444 results
Schwab rolls out digital onboarding for its RIA customers
NEWS RIAS JUN 23, 2021
Schwab rolls out digital onboarding for its RIA customers

Advisers will be able to open most accounts in minutes, the company says.

By InvestmentNews
Decumulation in an evolving interest-rate environment
NEWS OPINION JUN 23, 2021
Decumulation in an evolving interest-rate environment

Current low interest rates add to the stress of establishing a retirement strategy because the 'cost' of generating retirement income from a portfolio of stocks and bonds is now higher.

By Philip E. Caminiti
Morgan Stanley to require vaccinations to enter New York offices
NEWS PRACTICE MANAGEMENT JUN 23, 2021
Morgan Stanley to require vaccinations to enter New York offices

The firm said the goal is to help create a normal office environment, without a need for face masks and physical distancing.

By Bloomberg
M&T Bank renames its retail securities operation
NEWS INDUSTRY NEWS JUN 23, 2021
M&T Bank renames its retail securities operation

The unit, now known as Wilmington Advisors @ M&T, has more than 180 financial advisers and runs on the platform of LPL Financial; it will target emerging affluent consumers.

By InvestmentNews
Fiduciary backers seek 'highest legal standard' in Form CRS disclosures
NEWS REGULATION AND LEGISLATION JUN 22, 2021
Fiduciary backers seek 'highest legal standard' in Form CRS disclosures

The Institute for the Fiduciary Standard on Tuesday proposed a redesigned customer relationship disclosure, known as Form CRS, that provides a side-by-side comparison of advisers and brokers.

By Mark Schoeff Jr.
Father and son team build out niche financial planning for family physicians
NEWS PRACTICE MANAGEMENT JUN 22, 2021
Father and son team build out niche financial planning for family physicians

When a medical doctor became a financial adviser, picking a niche was a no-brainer. Benold Financial Planning tends to the financial health of family doctors.

By Jeff Benjamin
Focus Financial evolves beyond PE ownership
NEWS RIAS JUN 22, 2021
Focus Financial evolves beyond PE ownership

Private equity owner Kohlberg Kravis Roberts is cashing out after Focus shares climb 65% from the firm's 2018 IPO.

By Jeff Benjamin
GPB lawsuits pile up against former broker
NEWS ALTERNATIVES JUN 22, 2021
GPB lawsuits pile up against former broker

The lack of a spotlight on individual brokers who sold GPB may be passing, as at least one former adviser, Jeffrey Dixson, has a BrokerCheck profile that is studded with investor complaints involving sales of GPB private placements.

By Bruce Kelly
Wells Fargo team managing $800M joins Snowden Lane
NEWS RIAS JUN 22, 2021
Wells Fargo team managing $800M joins Snowden Lane

Led by Tony Esses, the group based in Coral Gables, Florida, focuses on Argentinian investors.

By InvestmentNews
Maine legislature passes auto IRA bill
NEWS RETIREMENT PLANNING JUN 21, 2021
Maine legislature passes auto IRA bill

The Maine Retirement Savings Program would allow private-sector workers to contribute to a Roth IRA from their paychecks. The bill has gone to Maine Gov. Janet Mills.

By InvestmentNews
Supreme Court's Goldman decision declared a win by investor advocates
NEWS REGULATION AND LEGISLATION JUN 21, 2021
Supreme Court's Goldman decision declared a win by investor advocates

Remanding the shareholder suit against Goldman to the appeals court leaves unresolved questions about the legal weight of conflict-of-interest pledges.

By Mark Schoeff Jr.
Gen Xers are most likely to buy annuities: Survey
NEWS RETIREMENT PLANNING JUN 21, 2021
Gen Xers are most likely to buy annuities: Survey

Pensions are all but nonexistent for younger workers, and many are worried about cuts to Social Security.

By Emile Hallez
Team managing $1.3 billion at Wells Fargo goes indie with LPL
NEWS BROKER DEALERS JUN 21, 2021
Team managing $1.3 billion at Wells Fargo goes indie with LPL

The six-adviser group led by Larry Boggs is forming Boggs & Co. Wealth Management in Cumberland, Maryland.

By InvestmentNews
Berthel Fischer sees sharp decline in commissions, turns to building RIA
NEWS RIAS JUN 21, 2021
Berthel Fischer sees sharp decline in commissions, turns to building RIA

Revenues have dropped sharply, by as much as 40%, at the broker-dealer over the past seven years as the industry moved away from commissions on alternative investments to recurring revenue from managed money products.

By Bruce Kelly
Orion adds behavioral finance to its adviser tech
NEWS FINTECH JUN 21, 2021
Orion adds behavioral finance to its adviser tech

Orion rolls out the first tech tool that incorporates its merger with Brinker Capital and its acquisition of risk management software HiddenLevers. The tool helps firms understand investors' emotional reactions to market volatility.

By Nicole Casperson
Investors flock to municipal bonds for yield and shelter
NEWS MUTUAL FUNDS JUN 21, 2021
Investors flock to municipal bonds for yield and shelter

The $53 billion in assets flowing into tax-exempt municipal bond funds so far this year have already exceeded the inflows for all of last year.

By Jeff Benjamin
Former Morgan Stanley traders turn crypto startup into unicorn
NEWS ALTERNATIVES JUN 21, 2021
Former Morgan Stanley traders turn crypto startup into unicorn

Amber Group raised $100 million from investors in a Series B fundraising, boosting its valuation to $1 billion. Investors included DCM Ventures and Tiger Global Management.

By Bloomberg
A tireless retirement team
NEWS OPINION JUN 21, 2021
A tireless retirement team

Retirement is a beat that’s covered extensively by InvestmentNews, and this week's edition is no exception.

By Paul Curcio
There’s no room for crypto in employee 401(k) plans
NEWS OPINION JUN 21, 2021
There’s no room for crypto in employee 401(k) plans

Digital assets are slowly being accepted by big financial firms, but given the critical role that 401(k)s play in building Americans’ retirement savings, the plans should be one of the last places to sign up for crypto.

By InvestmentNews
How high can RIA valuations go?
NEWS RIAS JUN 21, 2021
How high can RIA valuations go?

From pixie dust to private equity, myriad factors have contributed to the historic M&A surge in the space — with no end in sight.

By Bruce Kelly