Schwab Personalized Indexing will bring the benefits of direct indexing, like better tax management and portfolio management capabilities, to a wider spectrum of investors and advisers.
J.P. Morgan hired Boaz Lahovitsky from Vanguard in 2020 to oversee the call center and video conferencing program.
The addition permits advisers to create unified managed accounts for their clients.
The asset sale suggests Morgan Stanley won't be following some competing Wall Street firms that are migrating toward the RIA space.
Roughly 86% of last year's net inflows went into collective investment trusts, which now hold 45% of total TDF assets.
The SEC will be on guard against greenwashing, and it also will probe RIAs regarding revenue sharing, 12b-1 fees and wrap-fee accounts.
Proposed legislation in Kentucky that would tax services including financial planning and investment management could significantly harm the way Kentuckians save and plan for retirement.
Advisers don't always have to recommend the least expensive option, but they'd better explain why they opted for the costlier one.
Vania May Bell is former chief compliance officer of Executive Compensation Planners Inc., where her father was president.
A new survey of some 4,300 financial advisers and students found that a lack of financial assistance was the No. 1 barrier to entry into the industry, with nearly half of the respondents citing finances as a top concern.
Blank-check companies would be required to disclose more information about their sponsors and potential conflicts of interest under the agency's new plan.
The most productive use of an adviser's time is not spending it with current clients, it's attracting new ones.
The risk-analysis platform plans to more than double its bond coverage by adding 800,000 more individual bonds this year.
See the payout grids for 49 IBDs, based on data the firms provided to InvestmentNews Research.
Outside information about investing and markets can unsettle clients, and an important part of the job is encouraging them to tune that out.
Supporters of the legislation, which would raise the RMD age to 75, are pushing for Senate action to get a final bill to President Biden later this year.
The measure would be another piece of Senate legislation that complements the SECURE 2.0 bill poised for House approval.
The company's asset management unit already supervises a total of $350 billion in assets in defined-benefit and defined-contribution accounts and will utilize the acquisition to provide new digital tools to customers.
The proposal, which goes after households worth at least $100 million, enters unprecedented territory by trying to tax unrealized gains.
The service, called the Orion Network, offers advisers access to preferred rates from more than 100 third-party service providers.
