Advisor News

Displaying 26793 results
Duo managing $1.1 billion at Morgan Stanley moves to J.P. Morgan
PRACTICE MANAGEMENT MAY 14, 2021
Duo managing $1.1 billion at Morgan Stanley moves to J.P. Morgan

Mark Donohue will be based in Palm Beach Gardens, Florida; Gordon Sommer in New York

By InvestmentNews
Wells Fargo fails to shake 401(k) suit
RETIREMENT PLANNING MAY 14, 2021
Wells Fargo fails to shake 401(k) suit

The development likely gives the plaintiffs more leverage for a settlement, as the class-action case has moved one step closer to a trial.

By Emile Hallez
FSI sues to stop withdrawal of DOL independent contractor rule
INDEPENDENT BROKER DEALERS MAY 14, 2021
FSI sues to stop withdrawal of DOL independent contractor rule

The overturned Trump regulation would have provided certainty to independent brokers and advisers, FSI said. But an advocacy group says DOL has the authority to go in a different direction.

By Mark Schoeff Jr.
How advisers can turn heads with digital marketing
OPINION MAY 14, 2021
How advisers can turn heads with digital marketing

You have to be more patient with an online lead, nurturing it and cultivating it before it will become a revenue-generating client.

By Robert Sofia
Hire above your weight
OPINION MAY 14, 2021
Hire above your weight

One of the main reasons we were able to achieve what we have is because we hire and retain great people who are highly skilled at what they do.

By Scott Hanson
New SEC chair faces challenges from other regulators
OPINION MAY 14, 2021
New SEC chair faces challenges from other regulators

The responses of other federal agencies concerned about developments in securities markets may conflict with the SEC's core missions.

By Matthew P. Fink
5 myths about using donor-advised funds for impact investing
OPINION MAY 14, 2021
5 myths about using donor-advised funds for impact investing

In fact, some of the largest DAF providers in the country have made significant strides over the past three years to offer donors greater flexibility to choose investments aligned with their personal values and philanthropic intent.

By Scott Nance
SEC charges Texas RIA with fraud
RIA NEWS MAY 14, 2021
SEC charges Texas RIA with fraud

Knight Nguyen Investments and its owner claimed to be experts in alternative investments.

By InvestmentNews
Wealth gap, emergency savings lead Senate committee hearing
RETIREMENT PLANNING MAY 13, 2021
Wealth gap, emergency savings lead Senate committee hearing

Panelists testified that more must be done to help retirement savings, including emergency savings and student-debt management services. It might also mean passing legislation to discourage workers from prematurely cashing out their 401(k) balances.

By Emile Hallez
Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand
REGULATION AND LEGISLATION MAY 13, 2021
Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand

The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.

By Mark Schoeff Jr.
ESG options in 401(k)s could boost contributions, Schroders finds
RETIREMENT PLANNING MAY 13, 2021
ESG options in 401(k)s could boost contributions, Schroders finds

Ninety percent of plan participants who are aware of ESG choices said they invest in them.

By InvestmentNews
Fired rep admits stealing $600,000 from elderly client
INDEPENDENT BROKER DEALERS MAY 13, 2021
Fired rep admits stealing $600,000 from elderly client

The broker, Matthew Clason, transferred more than $668,000 from the victim’s investment accounts into a joint bank account and then took most of it, according to the Department of Justice. He faces up to 20 years in prison.

By Bruce Kelly
Average retirement balances hit record in Q1: Fidelity
RETIREMENT PLANNING MAY 13, 2021
Average retirement balances hit record in Q1: Fidelity

Year-over-year values are up more than 30% across more than 30 million IRAs, 401(k) and 403(b) accounts.

By InvestmentNews
UBS adviser managing $150 million in Florida moves to LPL
INDEPENDENT BROKER DEALERS MAY 13, 2021
UBS adviser managing $150 million in Florida moves to LPL

Jeffrey Schiffman joins the firm’s employee unit in Palm Beach Gardens, Florida.

By InvestmentNews
3 reasons an adviser should have a podcast
OPINION MAY 12, 2021
3 reasons an adviser should have a podcast

Advisers become a part of their listeners' lives when they launch a podcast.

By Megan Carpenter
Gary Gensler uses political savvy for strong start at SEC
OPINION MAY 12, 2021
Gary Gensler uses political savvy for strong start at SEC

The SEC chair deftly handled four hours of questioning from lawmakers, including a query about Reg BI. He showed he’s a deft politician who will be able to guide policy in a direction he favors.

By Mark Schoeff Jr.
Great-West B-D to pay $1.5 million over retirement account failures
RETIREMENT PLANNING MAY 12, 2021
Great-West B-D to pay $1.5 million over retirement account failures

The Securities and Exchange Commission says the firm knew that hackers were trying to access participant accounts but didn’t report them.

By InvestmentNews
Will RIA and RPA worlds converge?
RIA NEWS MAY 12, 2021
Will RIA and RPA worlds converge?

Though registered investment advisory firms could benefit from hunting for new clients at the DC plans they manage, will they begin to acquire retirement plan adviser firms?

By Fred Barstein
Cboe files to list Fidelity Bitcoin ETF
ALTERNATIVES MAY 12, 2021
Cboe files to list Fidelity Bitcoin ETF

The exchange has proposed listing Fidelity's Wise Origin Bitcoin Trust, saying in its filing that concerns about potential manipulation of a Bitcoin ETF have been 'sufficiently mitigated.'

By Bloomberg
Soaring inflation likely to boost 2022 Social Security COLA
RETIREMENT PLANNING MAY 12, 2021
Soaring inflation likely to boost 2022 Social Security COLA

A senior advocacy group predicts benefits will rise 4.7% next year, based on the 0.8% increase in the April consumer price index.

By Mary Beth Franklin