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Why financial wellness is a dismal failure and a huge success

The DC industry must be realistic and admit that financial wellness is largely a failure, an acknowledgment that's a key step on the road to success. Because we cannot afford to fail.

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  • September 15, 2021

House tax proposal would close door on popular back-door Roth IRA conversions

The Ways and Means Committee approved $2.3 trillion in tax hikes to pay for the Biden administration's sweeping social and climate spending plan.

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  • September 15, 2021

SALT conference panel demystifies crypto custody concerns

Crypto custodians must provide the same types of institutional infrastructure available to any other asset classes.

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  • September 15, 2021

What’s LPL’s recruiting deal for employee advisers?

LPL's new deal to attract employee advisers has two parts: an upfront signing bonus and a second bonus that's paid over several years.

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  • September 15, 2021

Sawtooth Solutions acquired by Simplicity Group

The acquisition was announced more than a year after Sawtooth brought on Echelon Partners as its investment banker to land more capital.

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  • September 15, 2021

DOL proposal throws cold water on group-of-plans model

A proposed regulatory change wouldn't allow a single group of plans to have a consolidated audit, meaning that every participating employer of a certain size would have to have an annual audit.

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  • September 15, 2021

Morgan Stanley’s broad new pipeline for clients

Recent acquisitions have created a "funnel" for new clients, said Jonathan Pruzan, the firm's chief operating officer. The company now has more than 14 million net relationships.

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  • September 15, 2021

CI Financial sets up US headquarters in Miami

The Toronto-based RIA aggregator is making a bigger commitment to the U.S. wealth management market.

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  • September 14, 2021

How crypto is attracting millennial millionaires to financial advice

SALT conference panelists say millennials' heightened interest in crypto investing comes amid the largest generational transfer of wealth.

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  • September 14, 2021

Warren asks the Fed to break up Wells Fargo

In the wake of fresh regulatory action and a $250 million fine imposed on the bank this month, the senator asked the Fed to force the bank to separate its traditional bank and Wall Street businesses.