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Wells Fargo team managing more than $239 million joins Janney
INDUSTRY NEWS OCT 16, 2018
Wells Fargo team managing more than $239 million joins Janney

The team, called KSF Wealth of Janney Montgomery Scott, will join Janney in its Washington, D.C.,0 branch office.

By Bloomberg
SEC commissioner Stein suggests Congress address differing broker, adviser standards
REGULATION AND LEGISLATION OCT 16, 2018
SEC commissioner Stein suggests Congress address differing broker, adviser standards

She said lawmakers may have to change 'solely incidental' language that lets brokers give advice.

By Mark Schoeff Jr.
Raymond James snags $285 million team from LPL in Rochester, N.Y.
INDUSTRY NEWS OCT 16, 2018
Raymond James snags $285 million team from LPL in Rochester, N.Y.

Legacy Financial Planning was affiliated with LPL Financial for nearly six years.

By Sarah Min
Wealth management faces its moment of truth: Q&A with Apex Clearing CEO Bill Capuzzi
INDUSTRY NEWS OCT 16, 2018
Wealth management faces its moment of truth: Q&A with Apex Clearing CEO Bill Capuzzi

Apex Clearing CEO Bill Capuzzi talks about how a rising class of millennial investors is reshaping wealth management and the implications for the future of digital wealth.

By Gillian Albert
Making younger clients a top priority — but not the only priority
RIAS OCT 15, 2018
Making younger clients a top priority — but not the only priority

The Johnston Group embraces accountability with a money-back guarantee

By Jeff Benjamin
Fidelity launches company to custody and trade cryptocurrencies
RIAS OCT 15, 2018
Fidelity launches company to custody and trade cryptocurrencies

New business will make digital assets available to hedge funds, family offices and other institutional investors.

By Ryan W. Neal
New Jersey releases uniform fiduciary standard pre-proposal, seeks comments
REGULATION AND LEGISLATION OCT 15, 2018
New Jersey releases uniform fiduciary standard pre-proposal, seeks comments

Document suggests the proposed SEC advice rule is too weak.

By Mark Schoeff Jr.
Providing incentives for annuities within retirement plans
RETIREMENT PLANNING OCT 15, 2018
Providing incentives for annuities within retirement plans

To mature into a strong safety net, plans need to be able to deliver guaranteed lifetime income.

By Bloomberg
Merrill to continue pay plan that rewards advisers for new clients
PRACTICE MANAGEMENT OCT 15, 2018
Merrill to continue pay plan that rewards advisers for new clients

So far in 2018, Merrill Lynch has seen the best performance in this area in the last five years.

By Bruce Kelly
Earnings fail to rescue equity bulls
EQUITIES OCT 15, 2018
Earnings fail to rescue equity bulls

Even companies that posted better-than-expected results have underperformed.

By Bloomberg
What Elon Musk can teach advisers about social media
FINTECH OCT 15, 2018
What Elon Musk can teach advisers about social media

To avoid a run-ins with regulators, advisers should run posts by a compliance team.

By Ryan W. Neal
Unleashing my power with Tony Robbins
OPINION OCT 15, 2018
Unleashing my power with Tony Robbins

A recent event by the motivational guru illuminated the role human needs play in a happy life and successful business

By Julia Carlson
Social Security and the fear of missing out
RETIREMENT PLANNING OCT 15, 2018
Social Security and the fear of missing out

How to lower expectations when clients think they're owed a bigger Social Security benefit.

By Mary Beth Franklin
REGULATION AND LEGISLATION OCT 13, 2018
The midterm elections: What's at stake for financial advisers

A shift in control of the House could change the course of important issues, including the SEC advice rule, tax reform and retirement policies.

By Mark Schoeff Jr.
After Ohio National decision, the fine print of annuity trails is now a must-read
LIFE INSURANCE AND ANNUITIES OCT 13, 2018
After Ohio National decision, the fine print of annuity trails is now a must-read

Broker-dealers are questioning Ohio National Financial Services' decision to terminate service agreements, and rest assured they will demand more commission protections in future contracts.

By crain-api
Divided we stand: How financial advisers view President Trump
REGULATION AND LEGISLATION OCT 13, 2018
Divided we stand: How financial advisers view President Trump

InvestmentNews poll finds 49.2% approve of his performance, while 46.7% disapprove. How has that changed over the course of his presidency?

By Mark Schoeff Jr.
Slice of life: American cheese is melting away
INDUSTRY NEWS OCT 12, 2018
Slice of life: American cheese is melting away

And millennials are being accused of killing yet another tradition.

By Bloomberg
Social Security COLA for 2019 will be 2.8 percent
RETIREMENT PLANNING OCT 12, 2018
Social Security COLA for 2019 will be 2.8 percent

It's the largest annual cost-of-living increase in benefits since 2012.

By Mary Beth Franklin
Finra arbitration panel orders Credit Suisse to pay former broker $844,621
REGULATION AND LEGISLATION OCT 12, 2018
Finra arbitration panel orders Credit Suisse to pay former broker $844,621

Brian Chilton moved to Morgan Stanley instead of Wells Fargo after Credit Suisse closed brokerage business.

By Mark Schoeff Jr.
2019 Medicare premiums announced
RETIREMENT PLANNING OCT 12, 2018
2019 Medicare premiums announced

Slight increase in Part B premium to $135.50 per month is in line with expectations.

By Mary Beth Franklin