Industry News

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October is the new April for taxpayers, accountants after tax law confusion
RIAS INDUSTRY NEWS OCT 10, 2019
October is the new April for taxpayers, accountants after tax law confusion

Several provisions have made it more complicated and time-consuming to file tax returns.

By Bloomberg
Social Security COLA for 2020 will be 1.6 percent
RIAS INDUSTRY NEWS OCT 10, 2019
Social Security COLA for 2020 will be 1.6 percent

Benefits and taxable wages to increase by the smallest amount in three years.

By Mary Beth Franklin
Fidelity eliminates commissions on online trades
RIAS INDUSTRY NEWS OCT 10, 2019
Fidelity eliminates commissions on online trades

In addition to free trading on U.S. stocks, ETFs and options, the company says it is offering higher yields on cash balances and better trade execution.

By Bloomberg
Ken Fisher barred from Tiburon Events, apologizes for offensive comments
RIAS INDUSTRY NEWS OCT 10, 2019
Ken Fisher barred from Tiburon Events, apologizes for offensive comments

Tiburon managing partner says Mr. Fisher's remarks added to gender diversity problem in wealth and management industry.

By Bloomberg
Outcry over Ken Fisher comments could mark turning point for industry conferences
RIAS INDUSTRY NEWS OCT 10, 2019
Outcry over Ken Fisher comments could mark turning point for industry conferences

Advisers foresee more awareness about the need for an inclusive atmosphere.

By Mark Schoeff Jr.
Morgan Stanley wins 401(k) lawsuit over use of in-house and BlackRock funds
RIAS INDUSTRY NEWS OCT 10, 2019
Morgan Stanley wins 401(k) lawsuit over use of in-house and BlackRock funds

The judge's ruling described plaintiffs' claims as inappropriate 'Monday-morning quarterbacking'

By Greg Iacurci
Fidelity fee match spells relief for investors, says Morgan Stanley
RIAS INDUSTRY NEWS OCT 10, 2019
Fidelity fee match spells relief for investors, says Morgan Stanley

Fidelity Investments chooses to match rivals rather than escalate price war

By Bloomberg
SkyView launches digital matchmaking platform for adviser M&A
RIAS INDUSTRY NEWS OCT 10, 2019
SkyView launches digital matchmaking platform for adviser M&A

SkyView Partners hopes its new service can become a Zillow for adviser deals.

By Ryan W. Neal
RIAS INDUSTRY NEWS OCT 10, 2019
Fidelity eliminates commissions on online trades

In addition to free trading on U.S. stocks, ETFs and options, the company says it is offering higher yields on cash balances and better trade execution.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2019
October is the new April for taxpayers, accountants after tax law confusion

Several provisions have made it more complicated and time-consuming to file tax returns.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2019
Broadridge moves deeper into advice space with Fi360 acquisition

Fiduciary technology will plug into Broadridge's Matrix trust and trading platform.

By Ryan W. Neal
RIAS INDUSTRY NEWS OCT 10, 2019
Two small broker-dealers are down — and out

Taylor Capital Management and Triloma Securities to close

By Bruce Kelly
RIAS INDUSTRY NEWS OCT 10, 2019
Fidelity fee match spells relief for investors, says Morgan Stanley

Fidelity Investments chooses to match rivals rather than escalate price war

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2019
Morgan Stanley wins 401(k) lawsuit over use of in-house and BlackRock funds

The judge's ruling described plaintiffs' claims as inappropriate 'Monday-morning quarterbacking'

By Greg Iacurci
RIAS INDUSTRY NEWS OCT 10, 2019
Ken Fisher barred from Tiburon Events, apologizes for offensive comments

Tiburon managing partner says Mr. Fisher's remarks added to gender diversity problem in wealth and management industry.

By Bloomberg
RIAS INDUSTRY NEWS OCT 10, 2019
SkyView launches digital matchmaking platform for adviser M&A

SkyView Partners hopes its new service can become a Zillow for adviser deals.

By Ryan W. Neal
How free trading threatens the RIA business model
RIAS INDUSTRY NEWS OCT 10, 2019
How free trading threatens the RIA business model

As brokerages stop charging commissions, financial advice looks like a logical new source of revenue.

By Jeff Benjamin
Captrust strikes again, buys $1.5 billion RIA
RIAS INDUSTRY NEWS OCT 09, 2019
Captrust strikes again, buys $1.5 billion RIA

Boston Advisors sells its financial advisory business to the big-time buyer of RIAs.

By Bruce Kelly
Ken Fisher's crude comments drag Tiburon CEO Summit into the mud
RIAS INDUSTRY NEWS OCT 09, 2019
Ken Fisher's crude comments drag Tiburon CEO Summit into the mud

Social media flares up over sexist and inappropriate remarks during fireside chat.

By Jeff Benjamin
Gold ETFs post longest run in a decade
INVESTING ALTERNATIVES OCT 09, 2019
Gold ETFs post longest run in a decade

Bullion has rallied 18% so far this year as the trade war threatens global growth.

By Bloomberg