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Wealth gap, emergency savings lead Senate committee hearing

Panelists testified that more must be done to help retirement savings, including emergency savings and student-debt management services. It might also mean passing legislation to discourage workers from prematurely cashing out their 401(k) balances.

Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand

The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.

ESG options in 401(k)s could boost contributions, Schroders finds

Ninety percent of plan participants who are aware of ESG choices said they invest in them.

U.S. Capital Advisors acquires $1.4 billion RIA

The company will merge Legacy One Financial Advisors into a subsidiary, USCA RIA, and rename the merged entity U.S. Capital Wealth Advisors.

Ex-LPL rep admits stealing $600,000 from elderly client

The broker, Matthew Clason, transferred more than $668,000 from the victim’s investment accounts into a joint bank account and then took most of it, according to the Department of Justice. He faces up to 20 years in prison.

Average retirement balances hit record in Q1: Fidelity

Year-over-year values are up more than 30% across more than 30 million IRAs, 401(k) and 403(b) accounts.

Federated Hermes takes advisers to school on ESG

The company's new Responsible Investing Institute taps into the growing appeal of ESG investing by giving financial advisers a road map to building portfolios and working with clients. Beyond the courses, the curriculum also include podcasts.

UBS adviser managing $150 million in Florida moves to LPL

Jeffrey Schiffman joins the firm’s employee unit in Palm Beach Gardens, Florida.

3 reasons an adviser should have a podcast

Advisers become a part of their listeners' lives when they launch a podcast.

Morningstar expands analysis of ESG commitments by asset managers

In the fund tracker's second round of measuring the ESG commitment of asset managers, it found that most fund companies rank near the bottom.