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.
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.
William Blair team managing $2.2 billion forms RIA
Salvino Wealth Management team in Hinsdale, Illinois, becomes Performance Wealth
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.
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.
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.
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
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.
Mercer acquires $365 million Virginia RIA
All five team members of Pinnacle Wealth Solutions in Midlothian are joining Mercer.
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.
