Industry News

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RIAS INDUSTRY NEWS OCT 03, 2019
Riskalyze launches multi-custodial trading tool

Company said software will reduce time advisers spend trading by 80%.

By Ryan W. Neal
ADVISOR NEWS OPINION OCT 03, 2019
Enhanced Performance Metrics for RIAs: A Comprehensive Guide

Hindsight is 20/20, but it doesn't tell you much about the future

By Anand Sekhar
RIAS INDUSTRY NEWS OCT 03, 2019
Don't dismiss clients' woes just because they're rich

Public hatred of the wealthy is one of the last bastions of acceptable prejudice

By Sarah Newcomb
ADVISOR NEWS RETIREMENT PLANNING OCT 03, 2019
Investigation into 403(b) costs, sales could be an A+ for teachers

Wild, Wild West of retirement savings desperately needs a reform.

By Greg Iacurci
Advisers can now create custom model portfolios using Betterment's white-label robo
RIAS INDUSTRY NEWS OCT 02, 2019
Advisers can now create custom model portfolios using Betterment's white-label robo

Firms can adjust the weight of the 17 asset classes available on the platform according to their own investment strategy and research.

By Ryan W. Neal
Schwab risks blowing up the brokerage model it built
RIAS INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
Boston advisory firm acquires $160 million hybrid
RIAS INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
Finra censures, fines UBS $2 million over muni improprieties
RIAS INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
ETrade hints at commission cuts on social media
RIAS INDUSTRY NEWS OCT 02, 2019
ETrade hints at commission cuts on social media

Brokerage responds to Twitter calls for fee cuts with promises of 'more details coming soon'

By Jeff Benjamin
401(k) lawsuits get more complex
ADVISOR NEWS RETIREMENT PLANNING OCT 02, 2019
401(k) lawsuits get more complex

One recent case alleges an employer didn't appropriately take into account index-fund tracking error.

By Greg Iacurci
Ex-LPL broker arrested, charged with running Ponzi scheme
RIAS INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly
Number of brokerages, reps registered with Finra falls again
RIAS INDUSTRY NEWS OCT 02, 2019
Number of brokerages, reps registered with Finra falls again

Despite the declining number of participants, industry revenue and profit increase.

By Mark Schoeff Jr.
ETrade follows Schwab, TD, and cuts commissions to zero
RIAS INDUSTRY NEWS OCT 02, 2019
ETrade follows Schwab, TD, and cuts commissions to zero

Its decision follows a day of hints on social media that such a move was imminent.

By Jeff Benjamin
Hybrid team managing $210 million switches to LPL
RIAS INDUSTRY NEWS OCT 02, 2019
Hybrid team managing $210 million switches to LPL

Three-adviser team at SecondHalf Coach is based in Latrobe, Pa.

By InvestmentNews
Zero commission fight could pressure wirehouse earnings
RIAS INDUSTRY NEWS OCT 02, 2019
Zero commission fight could pressure wirehouse earnings

If they follow lead of Schwab and others, profits could get dinged, according to one analyst.

By Bruce Kelly
The practice of gratitude
RIAS INDUSTRY NEWS OCT 02, 2019
The practice of gratitude

When an adviser struggles to accept a compliment, it can be hurtful to the person who offered it.

By Joni Youngwirth
RIAS INDUSTRY NEWS OCT 02, 2019
Schwab risks blowing up the brokerage model it built

The online brokerage's move to eliminate commissions is just the latest round in an intensifying, industry-wide war over fees.

By Bloomberg
RIAS INDUSTRY NEWS OCT 02, 2019
Finra censures, fines UBS $2 million over muni improprieties

Regulator says firm inaccuarately represented tax status of interest payments to clients.

By InvestmentNews
RIAS INDUSTRY NEWS OCT 02, 2019
Boston advisory firm acquires $160 million hybrid

Both firms use LPL Financial as their broker-dealer.

By InvestmentNews
RIAS INDUSTRY NEWS OCT 02, 2019
Ex-LPL broker arrested, charged with running Ponzi scheme

James T. Booth defrauded 40 clients of $5 million, Feds allege.

By Bruce Kelly