Advisor News

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Mortgage industry seeks to revive most hated loan in America
RETIREMENT PLANNING MAR 13, 2019
Mortgage industry seeks to revive most hated loan in America

Replacing actors such as Tom Selleck in TV ads, academics with interests in the industy are putting a positive spin on reverse mortgages.

By Bloomberg
Advisers see college admissions scandal as tip of the iceberg
RIA NEWS MAR 13, 2019
Advisers see college admissions scandal as tip of the iceberg

Parents' conduct is described as 'disgusting' but not surprising given the current state of higher education.

By Jeff Benjamin
Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule
REGULATION AND LEGISLATION MAR 13, 2019
Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule

Wirehouse says it would not be able to work there under state's current proposal.

By Bruce Kelly
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
REGULATION AND LEGISLATION MAR 13, 2019
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC

Supporter praises state for stepping in where federal regulator falls short.

By Mark Schoeff Jr.
How to achieve a client-centric practice
OPINION MAR 13, 2019
How to achieve a client-centric practice

Advisers can deliver unparalleled value by delivering solid financial advice in a trusted human relationship through a highly personalized experience

By Ken Cella
ACLI comes off bench to support legislation requiring employers offer access to retirement plans
LIFE INSURANCE AND ANNUITIES MAR 12, 2019
ACLI comes off bench to support legislation requiring employers offer access to retirement plans

Life insurance organization argues automatic plans would be 'marketplace solution,' not big government.

By Mark Schoeff Jr.
Capital gains increase at heart of Democrats' tax-the-rich plans
REGULATION AND LEGISLATION MAR 12, 2019
Capital gains increase at heart of Democrats' tax-the-rich plans

Experts say various Democratic plans for hiking taxes generally come down to increasing the capital gains rate.

By Bloomberg
Concerns about GPB Capital trash hauling business come to the fore
ALTERNATIVES MAR 12, 2019
Concerns about GPB Capital trash hauling business come to the fore

What did IBDs that sold GPB private placements know about its trash hauling companies?

By Bruce Kelly
Debit card to add 'stock-back' rewards
FINTECH MAR 12, 2019
Debit card to add 'stock-back' rewards

With a Stash card, buying something from Amazon or paying your Netflix bill will earn you fractions of shares of those companies' stocks.

By Bloomberg
Wells Fargo CEO disputes claim the bank is too big to manage
WIREHOUSES MAR 12, 2019
Wells Fargo CEO disputes claim the bank is too big to manage

Sloan tells the House Financial Services Committee that Wells is working to address regulators' concerns.

By Bloomberg
Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing
WIREHOUSES MAR 12, 2019
Wells Fargo CEO Tim Sloan draws bipartisan criticism at tough House hearing

Republicans and Democrats grill Tim Sloan for more than four hours.

By Bloomberg
Starting a new advisory firm: How to outsource and structure your practice
OPINION MAR 12, 2019
Starting a new advisory firm: How to outsource and structure your practice

Scott Hanson started a firm in 1993. Here's how he'd build one in 2019.

By Scott Hanson
Things to watch as Tim Sloan of Wells Fargo testifies before Congress
WIREHOUSES MAR 11, 2019
Things to watch as Tim Sloan of Wells Fargo testifies before Congress

House Financial Services committee will grill the CEO Tuesday about the progress he's made in resolving the bank's scandals.

By Bloomberg
Future of advice is wealth planning across the household
RIA NEWS MAR 11, 2019
Future of advice is wealth planning across the household

MMI report: Advisers will need tech to manage all client accounts together as one.

By Ryan W. Neal
High-net-worth investors not impressed by mobile wealth management apps
FINTECH MAR 11, 2019
High-net-worth investors not impressed by mobile wealth management apps

Apps are still too text-heavy and difficult to navigate, J.D. Power study finds.

By Ryan W. Neal
SEC says 79 firms will return $125 million to clients as part of clemency program
RIA NEWS MAR 11, 2019
SEC says 79 firms will return $125 million to clients as part of clemency program

Agency offered incentives to advisers to turn themselves in.

By Mark Schoeff Jr.
SEC bars former broker for taking more than $1 million from client accounts
REGULATION AND LEGISLATION MAR 11, 2019
SEC bars former broker for taking more than $1 million from client accounts

Former Wells Fargo rep John Gregory Schmidt had been barred by Finra.

By InvestmentNews
Wells Fargo Advisors sweetens the pot for both older and younger advisers
PRACTICE MANAGEMENT MAR 11, 2019
Wells Fargo Advisors sweetens the pot for both older and younger advisers

Under the changes, retiring reps get a 25% bonus and younger advisers get help acquiring the business of those leaving the firm.

By Bruce Kelly
Baseball, taxes and retirement destinations
RETIREMENT PLANNING MAR 11, 2019
Baseball, taxes and retirement destinations

New tax rules could affect retirees' relocation decisions.

By Mary Beth Franklin
Advisers can — and must — help improve financial literacy in America
OPINION MAR 09, 2019
Advisers can — and must — help improve financial literacy in America

The lack of education is a problem, and there's a lot you can do to fix that.

By crain-api