Advisor News

Displaying 26941 results
Commonwealth files Finra arbitration, lawsuit against Ohio National for 'unlawful' VA scheme
LIFE INSURANCE AND ANNUITIES NOV 15, 2018
Commonwealth files Finra arbitration, lawsuit against Ohio National for 'unlawful' VA scheme

This is the first known arbitration filed against the insurer for its decision on variable annuity commissions.

By Greg Iacurci
Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads
MUTUAL FUNDS NOV 15, 2018
Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads

With the measure's demise, will the SEC's advice reform sustain the momentum?

By Mark Schoeff Jr.
Vanguard rolls out HSAs for 401(k) participants
RETIREMENT PLANNING NOV 15, 2018
Vanguard rolls out HSAs for 401(k) participants

The record keeper joins a handful of its peers in making health savings accounts more broadly available.

By Greg Iacurci
Why seniors need travel insurance
RETIREMENT PLANNING NOV 15, 2018
Why seniors need travel insurance

Medicare doesn't cover medical costs outside the U.S.

By Mary Beth Franklin
Wells Fargo cuts 1,000 jobs across the U.S.
PRACTICE MANAGEMENT NOV 15, 2018
Wells Fargo cuts 1,000 jobs across the U.S.

About 900 of the cuts will occur in the bank's home-lending unit, as higher rates and competition cut into that business.

By Bloomberg
Betterment revamping adviser-facing dashboard
FINTECH NOV 15, 2018
Betterment revamping adviser-facing dashboard

Robo adviser update includes more information to help advisers track client behavior.

By Ryan W. Neal
Waddell & Reed will no longer lease office space for many of its brokers
INDEPENDENT BROKER DEALERS NOV 14, 2018
Waddell & Reed will no longer lease office space for many of its brokers

Firm is boosting adviser payout to compensate for increased office expenses and investing savings in enahcements such as new technology.

By Bruce Kelly
Ohio National offers buyouts, ends commission trails amid jumbled regulatory oversight of VAs
LIFE INSURANCE AND ANNUITIES NOV 14, 2018
Ohio National offers buyouts, ends commission trails amid jumbled regulatory oversight of VAs

Jurisdiction is shared between the SEC, Finra and state insurance commissioners. Will any of them step in?

By Mark Schoeff Jr.
LPL providing credit monitoring, identity protection to investors exposed by data breach
FINTECH NOV 14, 2018
LPL providing credit monitoring, identity protection to investors exposed by data breach

The firm remains tight-lipped about how many investors were affected.

By Ryan W. Neal
RightCapital lands partnership with Commonwealth
FINTECH NOV 14, 2018
RightCapital lands partnership with Commonwealth

The financial planning startup hopes to provide tech to Commonwealth's network of 1,800 advisers.

By Ryan W. Neal
Auditor walks away from private placement firm GPB Capital
ALTERNATIVES NOV 14, 2018
Auditor walks away from private placement firm GPB Capital

A change in auditors can be perceived as a red flag by many investors.

By Bruce Kelly
Apple stock plunge sends shudder through rest of U.S. economy
FINTECH NOV 13, 2018
Apple stock plunge sends shudder through rest of U.S. economy

Abysmal seven-day stretch for iPhone-maker further dragged by earnings speculation analysts say is too optimistic

By Bloomberg
Commonwealth Financial Network to launch parallel business for RIAs
RIA NEWS NOV 13, 2018
Commonwealth Financial Network to launch parallel business for RIAs

Firm wants to help brokers shifting to fee-only business, and compete with custodians such as Schwab in technology and practice management.

By Bruce Kelly
Fiduciary leader Phyllis Borzi joins Edelman Financial Engines board
RIA NEWS NOV 13, 2018
Fiduciary leader Phyllis Borzi joins Edelman Financial Engines board

Former Labor Department assistant secretary and mother of the DOL fiduciary rule signs on with largest registered investment adviser.

By Sarah Min
Advisor Group launching new paperless onboarding technology
FINTECH NOV 13, 2018
Advisor Group launching new paperless onboarding technology

Program hopes to give advisers a fully digital client experience on par with robos.

By Ryan W. Neal
Orion, Advicent give advisers more control over client reports
FINTECH NOV 13, 2018
Orion, Advicent give advisers more control over client reports

Latest updates make it easier for firms to customize reports to exact specifications.

By Ryan W. Neal
Finra bars another wirehouse broker involved in expense report snafu
PRACTICE MANAGEMENT NOV 12, 2018
Finra bars another wirehouse broker involved in expense report snafu

The ex-Morgan Stanley broker in 2016 resigned when questioned about a $273 expense.

By Bruce Kelly
Finra finds Commonwealth Financial overcharged these investors
RIA NEWS NOV 12, 2018
Finra finds Commonwealth Financial overcharged these investors

Broker-dealer returns to investors the nearly $900,000 it gained by placing clients in higher-cost funds.

By Jeff Benjamin
SEC commissioner warns about use of leverage in ETFs
ETFS NOV 12, 2018
SEC commissioner warns about use of leverage in ETFs

Products that employ derivatives to boost their returns threaten the reputation of the ETF market, says Robert Jackson.

By Bloomberg
Best interest standard must come with fiduciary teeth: Borzi
REGULATION AND LEGISLATION NOV 12, 2018
Best interest standard must come with fiduciary teeth: Borzi

Former assistant secretary of labor says the best way to help investors is with a common advice rule.

By Mark Schoeff Jr.