Industry News

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Uncover Unexpected Trends in the Social Security Earnings Test
ADVISOR NEWS RETIREMENT PLANNING AUG 03, 2018
Uncover Unexpected Trends in the Social Security Earnings Test

Benefits lost to excess earnings are restored at full retirement age.

By Mary Beth Franklin
Indexing capital gains for inflation could provide tax windfall
ADVISOR NEWS RETIREMENT PLANNING AUG 03, 2018
Indexing capital gains for inflation could provide tax windfall

Observers say the proposal could open up areas of arbitrage, depending on how it's drafted.

By Greg Iacurci
Diversity trend plays out across Wall Street
RIAS INDUSTRY NEWS AUG 03, 2018
Diversity trend plays out across Wall Street

Bank of America Corp. reports high percentage of female and non-white interns, with Goldman Sachs Group Inc. and Wells Fargo & Co. reporting similar numbers.

By Bloomberg
Former Madoff customers argue it wasn't a Ponzi
RIAS INDUSTRY NEWS AUG 03, 2018
Former Madoff customers argue it wasn't a Ponzi

Ponzi deniers seek access to master database to disprove fraud and hold on to $100 million in 'profits.'

By Bloomberg
Don't shoehorn advisers into broker regulations: IAA
ADVISOR NEWS REGULATION AND LEGISLATION AUG 03, 2018
Don't shoehorn advisers into broker regulations: IAA

In comment letter, Investment Adviser Association criticizes SEC advice rule for net capital, account statement and licensing requirements.

By Mark Schoeff Jr.
American Funds offering TDFs in collective investment trusts
ADVISOR NEWS RETIREMENT PLANNING AUG 03, 2018
American Funds offering TDFs in collective investment trusts

The firm is one of the last holdouts to launch CITs, signaling increased demand for the investment vehicle.

By Greg Iacurci
The SEC proposal does not protect Americans from 'harmful practices' by broker-dealers
ADVISOR NEWS OPINION AUG 03, 2018
The SEC proposal does not protect Americans from 'harmful practices' by broker-dealers

Four main changes should be made before a final rule is issued

By Elizabeth Warren
Private equity chasing healthy returns at RIAs and broker-dealers
RIAS INDUSTRY NEWS AUG 02, 2018
Private equity chasing healthy returns at RIAs and broker-dealers

Looking to double their money in five years, P-E investors are attracted to the wealth management industry.

By Bruce Kelly
3 ways advisers should prepare for ESG conversations with 401(k) clients
ADVISOR NEWS RETIREMENT PLANNING AUG 02, 2018
3 ways advisers should prepare for ESG conversations with 401(k) clients

It may be easy to dismiss ESG as a fleeting investment idea, but people thought the same about target-date funds in the '90s.

By Aaron Pottichen
The SEC's opportunity to serve the best interests of investors
ADVISOR NEWS OPINION AUG 02, 2018
The SEC's opportunity to serve the best interests of investors

But the agency's proposal does not require brokers to be fiduciaries for clients, instead establishing an undefined "best interest" rule.

By Brian Hamburger
Focus Financial adds $3.5 billion Edge Capital Group to its stable
RIAS INDUSTRY NEWS AUG 02, 2018
Focus Financial adds $3.5 billion Edge Capital Group to its stable

Newly public RIA rollup bought the Atlanta RIA while it was going through its IPO process

By Jeff Benjamin
Fidelity's zero-cost funds raise issues for 401(k) advisers
ADVISOR NEWS RETIREMENT PLANNING AUG 02, 2018
Fidelity's zero-cost funds raise issues for 401(k) advisers

Fiduciary advisers should be weighing the risks and upsides of securities lending.

By Greg Iacurci
Whistleblower claims she was fired for raising red flags about broker-dealer's alternative investments
ADVISOR NEWS REGULATION AND LEGISLATION AUG 01, 2018
Whistleblower claims she was fired for raising red flags about broker-dealer's alternative investments

Ex-audit department employee says she brought concerns to Finra and then was let go days later.

By Bruce Kelly
Fidelity resets the fee-war bar with zero-expense index funds
RIAS INDUSTRY NEWS AUG 01, 2018
Fidelity resets the fee-war bar with zero-expense index funds

Cutting expense ratios to zero shines light on lucrative business of securities lending.

By Jeff Benjamin
RIA firms optimistic about hiring and asset growth
RIAS INDUSTRY NEWS AUG 01, 2018
RIA firms optimistic about hiring and asset growth

Study: Biggest concerns are cybersecurity, a possible market downturn and regulation

By InvestmentNews
Despite 20% asset growth, RIA margins declined in 2017
RIAS INDUSTRY NEWS AUG 01, 2018
Despite 20% asset growth, RIA margins declined in 2017

TD Ameritrade says median operating margin dropped to 20% from 24% in 2016, survey finds.

By InvestmentNews
Where does the proposed indexing of capital gains leave retirement accounts?
ADVISOR NEWS IRA ALERT AUG 01, 2018
Where does the proposed indexing of capital gains leave retirement accounts?

Retirement savers have also seen the purchasing power of their savings reduced by inflation.

By Ed Slott
Wells Fargo to pay $2 billion settlement to end loan probe
ADVISOR NEWS WIREHOUSES AUG 01, 2018
Wells Fargo to pay $2 billion settlement to end loan probe

Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.

By Bloomberg
FiNet group managing $675 million becomes an RIA
RIAS INDUSTRY NEWS AUG 01, 2018
FiNet group managing $675 million becomes an RIA

Wells Fargo, FiNet, punta gorda, florida, landsberg bennett, Michael W. Landsberg, Lew Bennett, Anthony C. Dubbaneh, Fidelity Clearing & Custody Solutions, Merrill Lynch

By Bloomberg
Why the 'Father of the 401(k)' is both right and wrong about small plans
ADVISOR NEWS OPINION AUG 01, 2018
Why the 'Father of the 401(k)' is both right and wrong about small plans

Small 401(k) plans may have flaws, such as cost, but there are trade-offs involved in using alternate solutions.

By Fred Barstein