Aretha Franklin’s estate planning deserves no respect
Hot on the heels of the Presley family’s document drama, a similar quarrel was decided this week in court regarding the last wishes of Aretha Franklin, who died in 2018.
Stock rally, high rates have advisors rethinking covered call strategies
Hedging equities with option income loses some luster, but still works for certain clients.
Six states impose $4.2M fine on Raymond James for excessive fees
The firm was also ordered to return $8.25 million to retail customers.
Merrill Lynch smacked with $12 million penalty for reporting violations
According to the SEC and Finra, for years Merrill botched the reporting threshold for potential suspicious transactions.
CFPB slams BofA with quarter-billion-dollar settlement
The bureau will keep $90 million, with the rest going to consumers, Office of the Comptroller of the Currency.
InvestCloud names Heather Bellini president and chief financial officer
Bellini will oversee finance, legal, HR and business operations at the company, which is rebuilding executive leadership after a spring shakeup.
Advisor leaves Ameriprise for LPL after 25 years, citing greater freedom
Jason Johnson founded 509 Wealth Management in 1998 and manages approximately $400 million in assets.
Credit Suisse investor makes Monumental investment in NBA, NHL teams
A giant international player that doubled down on the failed bank now heads for U.S. hockey, basketball.
Schwab sharpens focus on distinct needs of wealthiest client groups
The firm has launched two brands to differentiate between high-net-worth and ultra-high-net-worth clients
Interest-rate long haul weakens US equity futures
Even stronger data from China is not enough to add a spark to markets early Tuesday
Fed officials sound hawkish tone on rate hikes
Further increases are looking more likely as the central bank tries to tame inflation
Why are FX market hedges failing to perform?
JPMorgan Chase says investors who bought currency hedges are seeing underperformance
Are you hiring or firing? Advisors and the end of the Great Resignation
The June employment report showed fewer new jobs than expected, but what does that mean for staffing advisory firms' back offices?
As commercial real estate tumbles, some see opportunity in offices
Prices have plummeted as tenants have fled, and delinquency rates on mortgages are rising.
RIA M&A stumbles in the second quarter
Acquirers say the highest-quality firms still command high valuations, while the rest are seeing new deal structures.
Investors continue to get roasted in pig-butchering schemes
The Alabama Securities Commission issues a cease-and-desist against two men who scammed 88 victims out of more than $22.5 million.
Fee pressures, interest rates could decimate asset management industry: PWC
A new survey shows consolidation, business failures are on the cards as the asset management industry faces an 'existential' threat.
FDIC hit with $1.9 billion suit from SVB Financial
The parent of failed Silicon Valley Bank is chasing cash held by the regulator.
Regulators likely to take wait-and-see approach on AI
The SEC is working on proposed rules related to artificial intelligence and other technologies, and Senate Majority Leader Chuck Schumer has announced a framework for AI legislation.
SEC charges former Army financial counselor with Gold Star family frauds
The regulator alleges unauthorized trading for recommending inappropriate investments forbenefits including $50,000 of a minor child whose parent died on active duty.
