Saving for college hurts retirement for nearly 60%, survey says
A new rule for 529-to-IRA rollovers could help those who have both retirement and college savings goals.
Future of Thrivent Advisor Network in question after Armitage exit
Top exec says firm changed direction as platform posed too much competition for its legacy insurance side.
SEC charges former broker with ripping off elderly, disabled clients
Joseph Michael Todd of Florida stole at least $3 million from 20 customers, according to the regulator.
Closing broker-dealer’s financials ‘were horrible’
Arizona-based Arque Capital Ltd. sold bonds issued by bankrupt GWG Holdings Inc.
Warnings from financial advisors grow with Mega Millions jackpot
With the pool for Friday’s draw having grown to an estimated $560 million, advisors urge anyone experiencing a windfall to proceed cautiously.
Former Celsius CEO charged with fraud in latest DOJ crypto case
The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.
Financial planner guilty of tax fraud on behalf of clients
Charities, shell companies and tax evasion schemes leave a Cleveland advisor in hot water.
House kicks off ‘ESG month’ with heated hearing
The House Financial Services Committee heard testimony on 18 bills that would curtail SEC efforts or otherwise restrict ESG considerations.
Asset managers want to expand their advisor channels and offer more resources
Independent and hybrid RIAs are in focus as managers look to broaden their product distribution
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
The big wealth manager palms off 'low value' clients in Australia.
High-net-worth clients may be easy to get and just as easy to lose, study reveals
Due diligence may not be the top priority when wealthy clients seek a financial advisor, but such clients can also be quick to switch.
Dollar slumps to 15-month low as risk-on mood continues
Markets sense rates and recession are less of a threat
Pimco to boost hiring for push into private credit
The investment manager has been growing its overall alternative assets focus
Why hasn’t bitcoin caught a wave as markets surge?
Concern expressed over the crypto flag bearer's outlook.
Gen X on shaky ground for retirement, with 40% having saved nothing
The median retirement account balance among Gen Xers is just $10,000, NIRS found.
2024 COLA estimate increases despite slowing inflation
The Senior Citizens League increased its estimate for the 2024 cost of living adjustment to 3%.
Wells Fargo loses $145 million advisor to LPL
Broomall, Pennsylvania-based David W. Rodgers moves for “breadth and depth of services.”
SEC seeks to raise capital requirements for brokers holding substantial customer funds
The proposed rule would require certain brokerages to compute the net cash they owe customers and other B-Ds on a daily, rather than weekly, basis.
After years going solo, Edward Jones advisors now sharing offices
A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.
JPMorgan Chase announces layoffs
Meanwhile, the firm chases Silicon Valley Bank business by hiring overseas.
