November 15, 2021
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Featured News
The ‘Great Resignation’ is for advisers, too
Amid the massive pandemic exodus, advisers have been guiding clients through career changes or early exits from the workforce. But some advisers have also been striking out on their own.
SEC exam sweep shows advisers overcharging clients
In a separate exam sweep, the SEC found that robo-advisers weren't acting in clients' best interests and were misleading in their advertising.
Few are prepared for long-term care costs
Families continue to provide the bulk of unpaid care, according to a new report that estimates more than one-third of individuals don't have the resources for even a year of minimal care.
CI Financial posts record profits as it moves beyond just buying RIAs
After acquiring 25 U.S. RIAs over the past 24 months, the Toronto-based aggregator is taking a minority stake in GLASfunds, a $1 billion alternative investments platform.
Creative Planning picks up Lockton’s U.S. retirement business
The deal expands Creative Planning’s presence in the retirement plan business by about $110 billion and gives it access to the large-plan segment of the 401(k) market.
Finra pops Aegis Capital $2.75 million for churning
Over four years, the New York-based broker-dealer failed to identify trading that was potentially excessive and unsuitable in hundreds of customer accounts, according to Finra.
