Industry News

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LPL planting flag in ETF price war
RIAS INDUSTRY NEWS DEC 05, 2019
LPL planting flag in ETF price war

Firm erases commissions for three ETF brands on two of its platforms.

By Bruce Kelly
Rand Paul bill would allow withdrawals from retirement accounts to pay down student loans
RIAS INDUSTRY NEWS DEC 05, 2019
Rand Paul bill would allow withdrawals from retirement accounts to pay down student loans

Experts question the wisdom of tapping retirement funds for other purposes.

By Mark Schoeff Jr.
Supreme Court hears ERISA case against Intel
RIAS INDUSTRY NEWS DEC 05, 2019
Supreme Court hears ERISA case against Intel

The court's ruling could impact plan sponsors and how they communicate with participants.

By Ryan W. Neal
Why retirement plan advisers should act as 3(38) investment fiduciaries
ADVISOR NEWS RETIREMENT PLANNING DEC 05, 2019
Why retirement plan advisers should act as 3(38) investment fiduciaries

And why they should charge plan sponsors less for the service.

By Fred Barstein
How advisers can help prevent elder bankruptcy
ADVISOR NEWS OPINION DEC 05, 2019
How advisers can help prevent elder bankruptcy

Advisers can use cutting-edge planning solutions to help seniors and their families avoid financial hardships.

By Tom Burmeister
Biden tax plan targets wealthy and corporate behemoths such as Amazon, Netflix
RIAS INDUSTRY NEWS DEC 04, 2019
Biden tax plan targets wealthy and corporate behemoths such as Amazon, Netflix

Plan also details call to end loopholes worth hundreds of billions of dollars.

By Bloomberg
Assets managed by robos up 10% so far in 2019 to $283 billion
RIAS INDUSTRY NEWS DEC 04, 2019
Assets managed by robos up 10% so far in 2019 to $283 billion

Full-service wealth management firms see the fastest growth in digital assets.

By Ryan W. Neal
Markets are putting a price on climate risks
RIAS INDUSTRY NEWS DEC 04, 2019
Markets are putting a price on climate risks

Two new studies suggest, however, that financial markets have started seriously pricing carbon risk, especially since the Paris Agreement of 2015.

By Peter R. Orszag
Calpers scales back on 'emerging' equity fund managers as returns lag
RIAS INDUSTRY NEWS DEC 04, 2019
Calpers scales back on 'emerging' equity fund managers as returns lag

Launched in 1991, the program has failed to produce acceptable gains.

By Bloomberg
Creative Planning to acquire $300M RIA
RIAS INDUSTRY NEWS DEC 03, 2019
Creative Planning to acquire $300M RIA

Creative Planning to acquire $300 million Hogan Financial Firm founded by Paula Hogan is based in Milwaukee, Wis.

By InvestmentNews
Client behavior is a better benchmark for measuring success
ADVISOR NEWS OPINION DEC 03, 2019
Client behavior is a better benchmark for measuring success

The most critical part of a financial plan is usually whether or not the client has done their part.

By Sarah Newcomb
Adam Antoniades promoted to CEO of Cetera
RIAS INDUSTRY NEWS DEC 03, 2019
Adam Antoniades promoted to CEO of Cetera

Takes reins from chairman and interim CEO Ben Brigeman.

By InvestmentNews
Millennium Trust Co. announces expansion
RIAS INDUSTRY NEWS DEC 03, 2019
Millennium Trust Co. announces expansion

Acquires Liberty Trust Company, custodian for specialized Individual Retirement Accounts.

By Bloomberg
Galvin says retirees led astray with investment in gold and silver coins
RIAS INDUSTRY NEWS DEC 03, 2019
Galvin says retirees led astray with investment in gold and silver coins

Regulator charges firm with persuading six investors to liquidate retirement accounts to buy precious metals.

By Bloomberg
What will happen to the little RIA when Schwab acquires TD Ameritrade?
RIAS INDUSTRY NEWS DEC 03, 2019
What will happen to the little RIA when Schwab acquires TD Ameritrade?

Deals by giants often overlook the little guy.

By Bruce Kelly
Warren wealth tax could be stymied by constitutional challenge
RIAS INDUSTRY NEWS DEC 03, 2019
Warren wealth tax could be stymied by constitutional challenge

How Democrats could get a wealth tax past the U.S. Supreme Court.

By Bloomberg
Finra arbitrators order UBS to pay female brokers $171,445
ADVISOR NEWS WIREHOUSES DEC 03, 2019
Finra arbitrators order UBS to pay female brokers $171,445

UBS considers low damages award an 'overwhelming rejection' of their claims.

By Mark Schoeff Jr.
RIAS INDUSTRY NEWS DEC 03, 2019
What's the value of an inorganic growth strategy

By InvestmentNews Create
Team managing $550 million at Northwestern Mutual goes indie with LPL
RIAS INDUSTRY NEWS DEC 02, 2019
Team managing $550 million at Northwestern Mutual goes indie with LPL

Thirteen-member Gatewood Wealth Solutions is based in St. Louis.

By InvestmentNews
UBS joins Credit Suisse in focus on lowest ranks of wealthy
RIAS INDUSTRY NEWS DEC 02, 2019
UBS joins Credit Suisse in focus on lowest ranks of wealthy

Clients in Switzerland with between $500,000 and $5 million in assets will fall under a new coverage model that uses more tech, fewer human interactions, according to a memo

By Bloomberg