Advisor News

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Why your 50-year-old clients may need you the most
OPINION AUG 22, 2018
Why your 50-year-old clients may need you the most

As they approach retirement, people are concerned about market volatility, yet aware that they still need to grow their nest eggs

By Philip E. Caminiti
What advisers think of JPMorgan's new mobile investing app
FINTECH AUG 22, 2018
What advisers think of JPMorgan's new mobile investing app

With its offer of free trades and plans for a robo-adviser, JPMorgan could be a direct competitor for millennial money.

By Ryan W. Neal
Advisers can use online info to learn more about prospects — but should they?
FINTECH AUG 22, 2018
Advisers can use online info to learn more about prospects — but should they?

At Broadridge's Get Connected conference, panelists discussed the opportunities and challenges of data tracking.

By Ryan W. Neal
As DOL fiduciary rule dies, variable annuities come alive — sales up for first time since 2014
LIFE INSURANCE AND ANNUITIES AUG 21, 2018
As DOL fiduciary rule dies, variable annuities come alive — sales up for first time since 2014

Indexed annuity sales also broke their previous quarterly sales record.

By Greg Iacurci
SEC charges cold-caller, his firm with defrauding investors who bought penny stock
EQUITIES AUG 21, 2018
SEC charges cold-caller, his firm with defrauding investors who bought penny stock

Long Island-based group was being paid to promote the stock.

By Bloomberg
Elizabeth Warren: Wall Street influence weakening SEC advice rule
REGULATION AND LEGISLATION AUG 21, 2018
Elizabeth Warren: Wall Street influence weakening SEC advice rule

Senator cites 'soft corruption' of revolving door that causes SEC members to kowtow to industry.

By Mark Schoeff Jr.
Finra fines Interactive Brokers $5.5 million for short-sale violations
REGULATION AND LEGISLATION AUG 20, 2018
Finra fines Interactive Brokers $5.5 million for short-sale violations

Regulator says firm did not have adequate procedures in place to comply with regulations

By InvestmentNews
SEC charges five unlicensed salespeople in Woodbridge Ponzi
REGULATION AND LEGISLATION AUG 20, 2018
SEC charges five unlicensed salespeople in Woodbridge Ponzi

Unregistered agents pose "massive" problem in South Florida: attorney.

By Bruce Kelly
Merrill team managing $325 million moves to Janney
INDEPENDENT BROKER DEALERS AUG 20, 2018
Merrill team managing $325 million moves to Janney

Michael Kernicky and his two sons join the firm in Media, Pa.

By InvestmentNews
Merrill pays $8.9 million SEC penalty over undisclosed conflict of interest
WIREHOUSES AUG 20, 2018
Merrill pays $8.9 million SEC penalty over undisclosed conflict of interest

Brokerage failed to tell investors about its own business interest in U.S. subsidiary of foreign bank

By Mark Schoeff Jr.
How a hacker led to Finra censuring and fining a broker-dealer
FINTECH AUG 20, 2018
How a hacker led to Finra censuring and fining a broker-dealer

Buttonwood Partners of Madison, Wis., fined $50,000 over unauthorized transfers.

By InvestmentNews
SEC forces cities, states to reveal bank loans
FIXED INCOME AUG 20, 2018
SEC forces cities, states to reveal bank loans

Lending to state and local governments has surged since the financial crisis.

By Bloomberg
Proposed SEC advice rule obscures distinctions between two business models
RIA NEWS AUG 20, 2018
Proposed SEC advice rule obscures distinctions between two business models

Brian Hamburger: The SEC is not proposing harmony; it's proposing equalization

By Brian Hamburger
Women in same-sex marriages are seen needing more for retirement
RETIREMENT PLANNING AUG 20, 2018
Women in same-sex marriages are seen needing more for retirement

Because women live longer than men, female couples need to put away more money for their old age, a new report shows.

By InvestmentNews
Retroactive Social Security benefits: Everything you need to know
RETIREMENT PLANNING AUG 20, 2018
Retroactive Social Security benefits: Everything you need to know

Rules specify who qualifies for back benefits based on age and filing status.

By Mary Beth Franklin
DOL fiduciary rule might be dead, but its ghost hovers over the financial advice industry
REGULATION AND LEGISLATION AUG 18, 2018
DOL fiduciary rule might be dead, but its ghost hovers over the financial advice industry

Your best strategy is to always act in the best interests of your clients, and this is the exact reason why.

By crain-api
OPINION AUG 18, 2018
The business case for diversity and inclusion: Is there one?

Emersion can happen from safe spaces for tough conversations that leads to innovation.

By Lazetta Rainey Braxton
Claiming Social Security early has lasting impact on survivors
RETIREMENT PLANNING AUG 17, 2018
Claiming Social Security early has lasting impact on survivors

Rush to take benefits due to illness may not be the best move.

By Mary Beth Franklin
Trump wants SEC to look at axing quarterly earnings reports
REGULATION AND LEGISLATION AUG 17, 2018
Trump wants SEC to look at axing quarterly earnings reports

President suggests in a tweet that semiannual reporting would be better for business.

By Bloomberg
Betterment introduces investor solution for rising interest rates
FINTECH AUG 17, 2018
Betterment introduces investor solution for rising interest rates

Smart Saver intends to help investors use extra cash to take advantage of rising interest rates.

By Ryan W. Neal