Advisor News

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Social Security in 2024 and beyond
RETIREMENT PLANNING DEC 06, 2023
Social Security in 2024 and beyond

Benefits will be higher next year, but long-term financial concerns persist.

By Mary Beth Franklin
Use your age as an asset when prospecting – no matter what age you are
OPINION DEC 06, 2023
Use your age as an asset when prospecting – no matter what age you are

As you get closer to retirement, you learn that, when you're meeting with a new client, your age can become a little tricky.

By Scott Hanson
Diversification beyond borders: Exploring global markets
OPINION DEC 06, 2023
Diversification beyond borders: Exploring global markets

Emerging markets present high growth potential and unique opportunities to diversify, but they also come with higher risk than domestic markets.

By Josh Markman
The illusory recession: Why advisors should ignore headline noise
OPINION DEC 06, 2023
The illusory recession: Why advisors should ignore headline noise

Predictions of an impending recession stirred concerns, but the U.S. economy has displayed remarkable resilience.

By Chris Shuba
Industry veteran who shaped Raymond James over five decades to retire from board
INDEPENDENT BROKER DEALERS DEC 06, 2023
Industry veteran who shaped Raymond James over five decades to retire from board

But even at 81 there’s more to come from Tom James.

By Steve Randall
Former senior banker at JPMorgan among four recruits joining UBS
WIREHOUSES DEC 06, 2023
Former senior banker at JPMorgan among four recruits joining UBS

Firm adds advisors in Florida, Missouri, and Mississippi.

By Steve Randall
Wells Fargo's indy group, FiNet, bumps up fee for big advisors
INDEPENDENT BROKER DEALERS DEC 05, 2023
Wells Fargo's indy group, FiNet, bumps up fee for big advisors

What's not clear is how many FiNet advisors will feel the sting of the fee increase.

By Bruce Kelly
Raymond James nabs two wirehouse advisors in South Florida
INDEPENDENT BROKER DEALERS DEC 05, 2023
Raymond James nabs two wirehouse advisors in South Florida

Pam Mitchell joins from UBS in Naples and Vijay Baxter from Morgan Stanley in Aventura.

By InvestmentNews
Cap on Wells Fargo assets will cause pain eventually, Scharf says
WIREHOUSES DEC 05, 2023
Cap on Wells Fargo assets will cause pain eventually, Scharf says

The bank has been hobbled by the Fed order limiting its size for more than five years — longer than Scharf's tenure as CEO.

By Bloomberg
UBS is latest firm OK'd by NFL players union
INDEPENDENT BROKER DEALERS DEC 05, 2023
UBS is latest firm OK'd by NFL players union

More than two decades old, the NFLPA's registered player financial advisor program for years was limited to individual financial advisors.

By Bruce Kelly
Wall Street still has comms problem despite $2B in fines
REGULATION AND LEGISLATION DEC 05, 2023
Wall Street still has comms problem despite $2B in fines

Traders continue sharing information using unauthorized messaging platforms.

By Bloomberg
White House, others question annuity safeguards 
RETIREMENT PLANNING DEC 04, 2023
White House, others question annuity safeguards 

Once again, annuities are at the heart of a debate over retirement savings and investor protection. The DOL says state oversight of sales of the products isn’t strong enough.

By Mark Schoeff Jr.
IBM’s pension idea and the future of retirement plans
RETIREMENT PLANNING DEC 04, 2023
IBM’s pension idea and the future of retirement plans

The unusual addition of a cash balance plan could benefit the company and, observers say, workers.

By Emile Hallez
Indiana-based hybrid hires former Wells Fargo exec
RIA NEWS DEC 04, 2023
Indiana-based hybrid hires former Wells Fargo exec

John Peluso retired in September as head of Wells Fargo’s clearing operations, and earlier presided over FiNet.

By InvestmentNews
Michigan advisor runs for House seat 
RIA NEWS DEC 04, 2023
Michigan advisor runs for House seat 

As a financial advisor for more than 30 years, Diane Young has seen fiscal and retirement policies affect her clients. If voters in Michigan’s 10th District elect her, she’ll have a role in shaping the decisions Congress makes.

By Mark Schoeff Jr.
Osaic owner reportedly seeking buyer for up to 20% stake in broker-dealer
INDEPENDENT BROKER DEALERS DEC 04, 2023
Osaic owner reportedly seeking buyer for up to 20% stake in broker-dealer

Minority shareholding could be worth as much as $2.5B.

By Steve Randall
Billionaire wealth tax plan could be shattered by $14K court case
REGULATION AND LEGISLATION DEC 04, 2023
Billionaire wealth tax plan could be shattered by $14K court case

President Biden's budget request may all come down to a Trump era legal dispute.

By Bloomberg
Employers say employees are ready for retirement but employees disagree
RETIREMENT PLANNING DEC 01, 2023
Employers say employees are ready for retirement but employees disagree

37% of participants 50 and over say they will retire later than expected.

By Josh Welsh
Private credit carve-out from JPMorgan filed 'secret' IPO plan
INDEPENDENT BROKER DEALERS DEC 01, 2023
Private credit carve-out from JPMorgan filed 'secret' IPO plan

HPS Investment Partners could go public if equity capital markets look favorable.

By Bloomberg
After Dave Ramsey unleashes on 4% rule, advisors unleash on him
RETIREMENT PLANNING NOV 30, 2023
After Dave Ramsey unleashes on 4% rule, advisors unleash on him

Prospects who are fans of the radio host can be turned off by criticisms of his guidance, so it can pay to be diplomatic in critiquing his 8% rule.

By Emile Hallez