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  • News
  • January 20, 2021

Bitcoin falls below $35,000 as crypto mania subsides

Prices for the largest cryptocurrency dipped as much as 6.8% Wednesday, trading below $35,000, as worries about a market bubble discourage investors from buying in.

  • News
  • January 19, 2021

401(k) sponsors in the dark about cognitive decline

A Department of Labor advisory council compiled a wealth of testimony on the challenges that plan sponsors, advisers, record keepers and others face in identifying retirement savers’ cognitive decline and what options they have when they suspect it.

  • News
  • January 19, 2021

William Blair team managing $2.2 billion forms RIA

Salvino Wealth Management team in Hinsdale, Illinois, becomes Performance Wealth

  • News
  • January 19, 2021

SEC charges father-and-son team with fraud

The agency says that Michael Sztrom's son David faked being an adviser with his father’s help.

  • News
  • January 19, 2021

SEC charges former Arizona adviser with fraud

Jacob C. Glick of Scottsdale allegedly took $355,000 from a client after he was terminated by his firm.

  • News
  • January 19, 2021

Gensler expected to put teeth in Reg BI — not overturn it

A former chairman of the Commodities Futures Trading Commission, former Treasury Department official and former Goldman Sachs executive, Gensler has developed a reputation as a tough regulator who also was a successful leader on Wall Street.

  • News
  • January 19, 2021

Goldman Sachs to expand Marcus Invest internationally in 2021

The Wall Street bank’s entrance into robo-advice may be late, but CEO David Solomon outlined how the platform will be able to compete in a crowded marketplace

  • News
  • January 19, 2021

Stock market’s ‘Biden bounce’ raises caution flags

Stocks are up almost 12% since Election Day, and some advisers are already looking for a pullback. Biden's post-election rally stands out as the strongest since World War II.

  • News
  • January 19, 2021

Mercer acquires $365 million Virginia RIA

All five team members of Pinnacle Wealth Solutions in Midlothian are joining Mercer.

  • News
  • January 19, 2021

Merrill Lynch’s hunt for new clients tamed by COVID-19

Net new households at the wirehouse in 2020 declined 37% year over year, the company reported Tuesday. The pandemic clearly hampered advisers' efforts to reel in new clients, a push at the firm since 2016.