The broker-dealer expands its use of the Skience platform by adding the onboarding module.
Advisers now have access to risk assessment and portfolio analytic tools.
This year, dozens of entities have registered with the Department of Labor as pooled plan providers, and some have brought their plans to market.
The plan, sponsored by Senate Finance Committee Chairman Ron Wyden, would require the richest Americans to pay taxes annually on appreciation in publicly traded assets, such as stocks and bonds.
The Labor Department's proposed ESG rule is a great step forward. The transition to a more sustainable economy will require increased attention to material risks and opportunities, including those related to ESG factors.
The wirehouse is tweaking how it calculates advisers' payouts.
The bill would increase the average benefit by 2% and impose the payroll tax on wages above $400,000.
An annual levy on the unrealized capital gains of ultra-wealthy people 'is a slippery slope' that could draw in millionaires and more, one adviser said.
Meanwhile, the investment bank announced plans to launch a digital wealth manager in the U.S. next year targeting affluent clientele.
As of August, 529 programs represented about $437 billion in assets, according to the investment research firm. The rankings include 62 total plans, accounting for about 97% of the industry by assets.
The agency charged Ann Vick with fraudulently raising $3.2 million from nearly two dozen investors for pooled investment fund.
Once the market hits another prolonged downturn, those advisers with no organic growth will see a precipitous decline in the values of their firms.
The bank is responding to internal wrangling about how the profits from the unit that deals with some of its richest clients are shared between its wealth management and investment management businesses.
The new service, scheduled to begin sometime next year, will service customers with between $250,000 and $2 million in assets, a group that UBS hasn't previously targeted in a meaningful way.
Bring on a junior adviser at least five to seven years prior to retirement, to give both the adviser and clients time to acclimate to the role and those important relationships.
It’s not easy to tell which prospects are going to pose problems — but it’s definitely easier to say no to a prospect than to terminate a client later.
The Labor Department is giving the financial industry the additional breathing room it had sought to prepare for the new regulation.
About 3 million people retired earlier than they likely had planned as a result of the Covid environment, according to a report by a senior economist at the Federal Reserve Bank of St. Louis.
David Winchell is setting up his own firm, Winchell Financial Group, in Las Vegas.
Advisers who have been steering clear of digital currencies need to study up and be prepared to talk their clients through the pros and cons of this asset class.
