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Think twice before borrowing from 401(k) for a home down payment, advisors say
RETIREMENT PLANNING AUG 25, 2023
Think twice before borrowing from 401(k) for a home down payment, advisors say

Accessing retirement savings can be helpful for a subset of potential buyers, but there are some important caveats.

By Emile Hallez
Farther co-founder says technology can push RIAs past complacency
RIAS AUG 25, 2023
Farther co-founder says technology can push RIAs past complacency

'I want our industry to think big,' Brad Genser says.

By Ryan W. Neal
Massachusetts high court upholds state fiduciary rule covering brokers
REGULATION AND LEGISLATION AUG 25, 2023
Massachusetts high court upholds state fiduciary rule covering brokers

Decision strikes blow against online brokerage Robinhood but is hailed as a 'Fenway Park Red Sox grand slam home run' by fiduciary advocate.

By Mark Schoeff Jr.
SEC spanks Wells Fargo Advisors with $35M penalty for excessive fees
PRACTICE MANAGEMENT AUG 25, 2023
SEC spanks Wells Fargo Advisors with $35M penalty for excessive fees

Some Wells Fargo Advisors clients never got promised discounts, according to the regulator.

By Bruce Kelly
Nikki Haley suggests raising retirement age to curb rising US debt
RETIREMENT PLANNING AUG 25, 2023
Nikki Haley suggests raising retirement age to curb rising US debt

The Republican presidential candidate has blamed her own party for its role in driving federal debt.

By Bloomberg
Boston Fed president says they 'may have more to do' to beat down inflation
REGULATION AND LEGISLATION AUG 25, 2023
Boston Fed president says they 'may have more to do' to beat down inflation

Susan Collins said she is surprised the economy has remained so resilient.

By Steve Randall
Meet the 1% down payment plan as rising mortgage rates hit new highs
INDUSTRY NEWS AUG 25, 2023
Meet the 1% down payment plan as rising mortgage rates hit new highs

Clients want a low-deposit mortgage? Now there is one.

By Matthew Sellers
What clients want you to know about transferring wealth to their heirs
RETIREMENT PLANNING AUG 25, 2023
What clients want you to know about transferring wealth to their heirs

Raymond James poll reveals the priorities of handling intergenerational wealth transfers.

By Steve Randall
Top 3 wholesalers to account for almost half of advisor assets by 2027
INDUSTRY NEWS AUG 25, 2023
Top 3 wholesalers to account for almost half of advisor assets by 2027

Wholesalers need to work hard to cultivate strong relationships as the market becomes increasingly competitive.

By Steve Randall
Jackson Hole conference begins, here's what's expected
INDUSTRY NEWS AUG 25, 2023
Jackson Hole conference begins, here's what's expected

The annual gathering of economic minds has some tough questions to consider.

By Bloomberg
What is R* and why does it matter to bond traders?
INDUSTRY NEWS AUG 25, 2023
What is R* and why does it matter to bond traders?

The interest rate metric is a key topic of discussion ahead of the Jackson Hole symposium.

By Bloomberg
Trouble ahead for tech stocks that even AI can't fix
INDUSTRY NEWS AUG 25, 2023
Trouble ahead for tech stocks that even AI can't fix

BofA strategists warn of more challenging times ahead for outperforming sector.

By Bloomberg
Finra ‘looks forward’ to defending enforcement authority in court
REGULATION AND LEGISLATION AUG 24, 2023
Finra ‘looks forward’ to defending enforcement authority in court

A brokerage and a rep, both targets of Finra disciplinary actions, have filed suits questioning the regulator’s constitutionality.

By Mark Schoeff Jr.
Helping clients be more realistic about their investing horizon
RETIREMENT PLANNING AUG 24, 2023
Helping clients be more realistic about their investing horizon

How one Summit Financial advisor plans to use Pontera to manage clients' held-away assets.

By Ryan W. Neal
LPL to gain Prudential's $50B wealth management business
RIAS AUG 24, 2023
LPL to gain Prudential's $50B wealth management business

LPL has been picking up steam in working as a back-office platform for banks, credit unions and insurance companies.

By Bruce Kelly
BlackRock backs fewer proposals on climate, social issues
ESG AUG 24, 2023
BlackRock backs fewer proposals on climate, social issues

The fund company supported almost 7% of proposals in the 12 months ended in June, down from 22% in the year-earlier period.

By Bloomberg
Schwab: Traders shake off recession fears with more optimistic sentiment
INDUSTRY NEWS AUG 24, 2023
Schwab: Traders shake off recession fears with more optimistic sentiment

But survey reveals that traders are split on whether now is a good time to invest.

By Steve Randall
Apollo faces shareholder lawsuit over nine-figure executive tax payout
REGULATION AND LEGISLATION AUG 24, 2023
Apollo faces shareholder lawsuit over nine-figure executive tax payout

Asset manager under fire as it tries to repair post Epstein damage.

By [email protected]
Social Security benefits won't be enough for retirement, most believe
RETIREMENT PLANNING AUG 24, 2023
Social Security benefits won't be enough for retirement, most believe

Concern is rising among pre-retirees and younger, but more are getting professional help.

By Steve Randall
Judge orders $500K royalties must go to R. Kelly victims
REGULATION AND LEGISLATION AUG 24, 2023
Judge orders $500K royalties must go to R. Kelly victims

The disgraced singer is serving a 30 year jail sentence.

By Bloomberg