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Investors want crypto custodians and Wall Street wants a slice of that
ALTERNATIVES JUL 25, 2023
Investors want crypto custodians and Wall Street wants a slice of that

Demand for third-party custodian services for digital assets is heating up following the FTX exchange collapse.

By Bloomberg
Morgan Stanley files for next round of ETFs
WIREHOUSES JUL 24, 2023
Morgan Stanley files for next round of ETFs

The firm is launching three fixed-income exchange-traded funds bearing the Eaton Vance name, in addition to a Parametric ETF.

By Bloomberg
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital
RIAS JUL 24, 2023
Ex-UBS wealth chief Tom Naratil joins Lightyear Capital

Naratil, a 39-year veteran of UBS, last fall stepped down from his senior roles at the wirehouse.

By Bruce Kelly
Goldman Sachs attracts Creative Planning to its RIA custody business
RIAS JUL 24, 2023
Goldman Sachs attracts Creative Planning to its RIA custody business

With $210 billion in AUM, Creative Planning marks one of the largest RIAs to join Goldman's custodian.

By Ryan W. Neal
Cetera sees 9% of Securian advisors bolt after acquisition
BROKER DEALERS JUL 24, 2023
Cetera sees 9% of Securian advisors bolt after acquisition

Meanwhile, Cetera is offering tailored retention bonuses to Securian advisors who manage offices.

By Bruce Kelly
In surprise announcement, IRS says it will stop unannounced tax visits
REGULATION AND LEGISLATION JUL 24, 2023
In surprise announcement, IRS says it will stop unannounced tax visits

Knock, knock, who’s there? Not the IRS anymore — at least not without an appointment.

By Matthew Sellers
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos
WIREHOUSES JUL 24, 2023
UBS to pay $387M in fines linked to Credit Suisse's dealings with Archegos

The fines imposed by the Federal Reserve and the Bank of England's Prudential Regulation Authority follow UBS guidance that legal liabilities related to Credit Suisse could total $4 billion.

By Bloomberg
Stop contributing to IRAs and 401(k)s
IRA ALERT JUL 24, 2023
Stop contributing to IRAs and 401(k)s

This decades-old strategy no longer works. It’s time to reduce IRA balances, not increase them.

By Ed Slott
Take off, TikTok! Advisors still Americans’ top source for financial advice
RETIREMENT PLANNING JUL 24, 2023
Take off, TikTok! Advisors still Americans’ top source for financial advice

Millennials in a Northwestern Mutual study say they turn to flesh-and-blood financial advisors for guidance over all other sources.

By Gregg Greenberg
Kingsview Partners expands on Texas Panhandle with $600M Edward Jones advisors
ADVISOR MOVES JUL 24, 2023
Kingsview Partners expands on Texas Panhandle with $600M Edward Jones advisors

A family of three advisors has joined the firm, its second expansion in the region in the past two months at the expense of Edward Jones.

By Steve Randall
Most Americans have a financial regret but what’s most prevalent?  
RETIREMENT PLANNING JUL 24, 2023
Most Americans have a financial regret but what’s most prevalent?  

With personal finances under strain for millions of Americans, most are wishing they had done things differently.

By Steve Randall
Poor start for equities ahead of rate decisions, earnings
INDUSTRY NEWS JUL 24, 2023
Poor start for equities ahead of rate decisions, earnings

Weaker-than-expected data is adding to the negative sentiment early Monday.

By Bloomberg
Companies with $27T market value report earnings this week
INDUSTRY NEWS JUL 24, 2023
Companies with $27T market value report earnings this week

What will the high-value corporate earnings season do to stock markets?

By Bloomberg
Jury's out as market rejects mega RIAs
RIAS JUL 24, 2023
Jury's out as market rejects mega RIAs

IPOs may still be a road to riches for giant aggregators, but critics say hurdles remain.

By Bruce Kelly
Permanent remote supervision? Not so fast
REGULATION AND LEGISLATION JUL 24, 2023
Permanent remote supervision? Not so fast

The industry’s frustration is understandable. But state regulators and the plaintiff’s bar have a point, too.

By InvestmentNews
State auto-IRA programs bring red and blue together
RETIREMENT PLANNING JUL 24, 2023
State auto-IRA programs bring red and blue together

The push for the retirement plans is winning a vote not only from state representatives but also from across the aisle.

By Gregg Greenberg
Top fee-only RIAs in 2023
RIAS JUL 21, 2023
Top fee-only RIAs in 2023

Here's a list of the biggest fee-only registered investment advisors, based on the data firms report to the SEC on their Form ADV.

By InvestmentNews
Should you tell your kids how much they'll inherit?
RETIREMENT PLANNING JUL 21, 2023
Should you tell your kids how much they'll inherit?

The Great Wealth Transfer is underway, but advisors say open dialogue within families is crucial to success.

By Gregg Greenberg
Lingering pain for clients of defunct broker-dealer
ALTERNATIVES JUL 21, 2023
Lingering pain for clients of defunct broker-dealer

The egregious case of Jamie Worden and the continuing issue of unpaid arbitration awards.

By Bruce Kelly
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'
REGULATION AND LEGISLATION JUL 21, 2023
Trump-linked SPAC to pay $18M fine to SEC over 'material misrepresentations'

Share price soars on news.

By Matthew Sellers