Advisor News

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"Our glass is half empty" — why your clients are worried
RETIREMENT PLANNING JUL 26, 2023
"Our glass is half empty" — why your clients are worried

It's not just older workers who are concerned about their ability to save for retirement.

By Matthew Sellers
iCapital launches new portfolio construction tool
ALTERNATIVES JUL 26, 2023
iCapital launches new portfolio construction tool

Architect aims to make alts a core element of portfolios rather than a satellite component.

By Ryan W. Neal
Fed set to hike rates to 22-year high today, experts give their views
REGULATION AND LEGISLATION JUL 26, 2023
Fed set to hike rates to 22-year high today, experts give their views

The Federal Reserve will make the announcement at 2 p.m. ET and markets are expecting another increase.

By Steve Randall
Osaic gains $250M advisor team, its first since rebrand from Advisor Group
INDEPENDENT BROKER DEALERS JUL 26, 2023
Osaic gains $250M advisor team, its first since rebrand from Advisor Group

The firm has welcomed a team from Walnut Creek, California, that was previously with Cetera Advisors.

By Steve Randall
Federal prosecutors charge billionaire with insider trading
REGULATION AND LEGISLATION JUL 26, 2023
Federal prosecutors charge billionaire with insider trading

86-year-old British soccer club owner indicted in New York.

By Bloomberg
LPL acquiring California broker-dealer with 260 advisors
INDEPENDENT BROKER DEALERS JUL 25, 2023
LPL acquiring California broker-dealer with 260 advisors

Crown Capital CEO Darol Paulsen says shared philosophy with LPL will help its advisors spend more time with clients.

By Bruce Kelly
Deadline set for broker-dealer merger with SPAC
INDEPENDENT BROKER DEALERS JUL 25, 2023
Deadline set for broker-dealer merger with SPAC

The deal between broker-dealer aggregator Wentworth and Kingswood SPAC must be completed by late November.

By Bruce Kelly
AdvicePay hires new CEO to succeed Alan Moore
RIA NEWS JUL 25, 2023
AdvicePay hires new CEO to succeed Alan Moore

The payment platform brings on fintech veteran Alex Sauickie, who plans to help expand services to banks and broker-dealers.

By Jeff Benjamin
Savvy launches fully integrated AI platform for advisors
FINTECH JUL 25, 2023
Savvy launches fully integrated AI platform for advisors

The platform automates processes such as new account onboarding, portfolio recommendations, and personalized financial planning.

By Steve Randall
Awaiting the Fed: Traders cautious ahead of rate decision
REGULATION AND LEGISLATION JUL 25, 2023
Awaiting the Fed: Traders cautious ahead of rate decision

Earnings are also in sharp focus as more of the world's largest corporations reveal results.

By Bloomberg
Morgan Stanley files for next round of ETFs
WIREHOUSES JUL 24, 2023
Morgan Stanley files for next round of ETFs

The firm is launching three fixed-income exchange-traded funds bearing the Eaton Vance name, in addition to a Parametric ETF.

By Bloomberg
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
RIA NEWS JUL 24, 2023
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital

Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.

By Bruce Kelly
Cetera sees 9% of Securian advisors bolt after acquisition
INDEPENDENT BROKER DEALERS JUL 24, 2023
Cetera sees 9% of Securian advisors bolt after acquisition

Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.

By Bruce Kelly
In surprise announcement, IRS says it will stop unannounced tax visits
REGULATION AND LEGISLATION JUL 24, 2023
In surprise announcement, IRS says it will stop unannounced tax visits

Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.

By Matthew Sellers
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos
WIREHOUSES JUL 24, 2023
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos

The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.

By Bloomberg
Take off, TikTok! Advisors still Americans’ top source for financial advice
RETIREMENT PLANNING JUL 24, 2023
Take off, TikTok! Advisors still Americans’ top source for financial advice

Millennials in a Northwestern Mutual study say they turn to flesh-and-blood financial advisors for guidance over all other sources.

By Gregg Greenberg
Most Americans have a financial regret but what’s most prevalent?  
RETIREMENT PLANNING JUL 24, 2023
Most Americans have a financial regret but what’s most prevalent?  

With personal finances under strain for millions of Americans, most are wishing they had done things differently.

By Steve Randall
Bypassing Wall Street proves costly for P2P crypto exchanges
ALTERNATIVES JUL 24, 2023
Bypassing Wall Street proves costly for P2P crypto exchanges

The peer-to-peer trading digital asset trading platforms are struggling to achieve their decentralized dreams.

By Bloomberg
Permanent remote supervision? Not so fast
REGULATION AND LEGISLATION JUL 24, 2023
Permanent remote supervision? Not so fast

The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.

By InvestmentNews
State auto-IRA programs bring red and blue together
RETIREMENT PLANNING JUL 24, 2023
State auto-IRA programs bring red and blue together

The push for the retirement plans is winning a vote not only from state representatives but also from across the aisle.

By Gregg Greenberg