Securian team managing $203 million bolts for SagePoint
Brian Falconer and 16 reps operate as Wealth Management Resource Group in Braintree, Massachusetts.
Cheap ETFs suck billions from bigger siblings
The world's largest ETF, the $387 billion SPDR S&P 500 Trust, continues to fall victim to the trend as money managers gravitate to its lower-cost clone.
BlackRock says SEC proposal on ESG disclosures will backfire
The asset manager said requiring new disclosures for funds that just consider ESG criteria among many other factors could muddle the situation.
Finra taps executive for board chair
Eric Noll, the CEO of Context Capital Partners, first joined the Finra board in August 2020.
Vanguard Charitable sees strong run of donations despite first-half sell-off
The nonprofit organization announced that grants increased 14% during the first half of 2022, totaling a record $952 million.
Lincoln Financial launches QDIA with Stadion
The QDIA combines a target-date fund for younger individuals and Stadion’s StoryLine managed account service for participants aged 50 and older.
Trilogy Financial acquires two firms, $160 million in AUM
The addition of E. F. Heagan & Associates and Mandichak Investment Retirement & Estate Planning brings more than 500 new clients.
Financial advisers starring on the big screen
Superheroes abound in Hollywood, but here are are nine movies featuring financial advisers and stockbrokers.
New Jersey hybrid managing $500 million links to Concourse
Ramsey-based Key Group Management had been affiliated with Royal Alliance.
Morgan Stanley adds fractional share support to workplace stock plans
The wirehouse is also adding additional automation to its Shareworks and Equity Edge Online platforms.
Will diamonds become a retiree’s best friend?
The Diamond Standard Fund is trying to provide a standardized way to trade diamonds and is working with wealth managers, high-net-worth investors, family offices, IRA platforms and institutional investors.
Massachusetts securities chief goes after single-stock ETFs
William Galvin announced a 'sweep' of firms offering the new ETFs, which he compared to gambling at a casino.
RIA M&A transaction with a fresh twist
As large broker-dealers look to play in the red-hot mergers and acquisitions market for RIAs, Advisor Group is investing along with its owner, Reverence Capital, in RIA Signature Estate & Investment Advisors.
Team managing $350 million joins Fairport Wealth
Hightower facilitated the merger for Cleveland, Ohio-based Fairport, which is a Hightower advisory business.
CFP Board imposes interim suspension on barred rep
Pending investigation, Massachusetts adviser Filippo Mastrocola can’t use CFP certification mark.
Vanguard offering passive ESG funds that exclude controversial industries
The investing giant will offer two ETFs tied to indexes that track large corporates and small- to medium-sized businesses in both Europe and the US.
Barred New Jersey broker charged in $1 million phony loan scheme
Criminal and civil fraud charges were filed against Anthony Mastroianni Jr., who sold fake promissory notes to older investors.
Schwab exec updates progress on integrating TD Ameritrade technology
Alison Dooher, head of digital adviser solutions at Schwab Advisor Services, gives a look at the brokerage's integration road map.
Charitable giving bouncing back with market, says BNY Mellon Wealth Management
The number and total dollar amount of charitable gifts increased 10% last year, and the average gift size also spiked.
Hedge fund snaps up LPL Financial shares
Private equity investors have flooded the wealth management industry; now, it's a hedge fund's turn.
