Advisor News

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Women and Wealth: How Advisers Can Help Caregivers
RETIREMENT PLANNING MAY 12, 2021
Women and Wealth: How Advisers Can Help Caregivers

One of life’s most challenging circumstances is caring for a loved one. Here’s how advisers can help female clients who are thrust into the role.

By InvestmentNews Create
Riskalyze tears into Orion’s HiddenLevers over predictive modeling
FINTECH MAY 11, 2021
Riskalyze tears into Orion’s HiddenLevers over predictive modeling

The risk management software provider lashed out at competitors HiddenLevers and RiXtrema for using predictive models that are 'wildly inaccurate.'

By Nicole Casperson
Bid to protect farms from capital gains signals Democratic resistance to some tax hikes
REGULATION AND LEGISLATION MAY 11, 2021
Bid to protect farms from capital gains signals Democratic resistance to some tax hikes

President Biden likely will need to keep all Democrats on board to get his spending and related tax proposals through Congress.

By Mark Schoeff Jr.
Duo managing $200 million at Wells Fargo goes indie with Commonwealth
PRACTICE MANAGEMENT MAY 11, 2021
Duo managing $200 million at Wells Fargo goes indie with Commonwealth

Aaron Sehl and Vincent Feijoo set up FS Financial in Southington, Connecticut.

By InvestmentNews
Envestnet details $30 million plan for tech ecosystem
FINTECH MAY 10, 2021
Envestnet details $30 million plan for tech ecosystem

Envestnet CEO Bill Crager outlined how the firm is using additional operating expenses toward the financial wellness ecosystem’s development.

By Nicole Casperson
Finra set to resume in-person arbitration hearings
REGULATION AND LEGISLATION MAY 10, 2021
Finra set to resume in-person arbitration hearings

Finra will reopen 62 of its 69 hearing locations in July, while allowing arbitration parties to continue to request remote proceedings. Even if in-person proceedings are allowed, Finra said arbitration parties can still continue to request a remote hearing.

By Mark Schoeff Jr.
3 trends reshaping wealth management
OPINION MAY 10, 2021
3 trends reshaping wealth management

As new generations of investors enter the scene, demand for advisory services will rise, as will expectations about what advisers can deliver. Understanding these shifts will be key to adviser growth in the decade ahead.

By Richard Keltner
Catching a fish with AI? Find the right guide
OPINION MAY 10, 2021
Catching a fish with AI? Find the right guide

The complex nature of the wealth management sector calls for a different approach to artificial intelligence. Take advantage of the rules and regulations that complicate the industry’s operations.

By Sindhu Joseph
$220 million Baird team moves to Raymond James
INDEPENDENT BROKER DEALERS MAY 10, 2021
$220 million Baird team moves to Raymond James

A father-and-son duo in Sarasota, Florida joins the firm’s employee channel.

By InvestmentNews
UBS explores offering crypto investments to rich clients
FINTECH MAY 10, 2021
UBS explores offering crypto investments to rich clients

The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said. Any investment offering would be a very small portion of the clients’ total wealth because of the volatility.

By Bloomberg
Finra should review ban on in-person arbitration hearings
REGULATION AND LEGISLATION MAY 10, 2021
Finra should review ban on in-person arbitration hearings

One industry group is now calling on Finra to end the remote hearings it says are harming investors. Two hundred and sixty-three hearings have been conducted remotely as of the end of March.

By InvestmentNews
Heeding tax winds, advisers chart new financial tactics for clients
REGULATION AND LEGISLATION MAY 10, 2021
Heeding tax winds, advisers chart new financial tactics for clients

Tax planning has become an urgent topic following President Joe Biden's proposal aimed at high earners and wealthy investors.

By Mark Schoeff Jr.
Advisers underwhelmed by Biden's first 100 days
REGULATION AND LEGISLATION MAY 07, 2021
Advisers underwhelmed by Biden's first 100 days

An unscientific poll of readers found 61% disapproving of Biden and 60% opposing his proposed tax increases. The survey was released on April 29, Biden’s 100th day in office.

By Mark Schoeff Jr.
Legislators ask GAO to review target-date funds
RETIREMENT PLANNING MAY 07, 2021
Legislators ask GAO to review target-date funds

The heads of the Senate and House committees overseeing labor want to know whether TDFs are working as advertised.

By InvestmentNews
GameStop legislation causes partisan fissures
REGULATION AND LEGISLATION MAY 07, 2021
GameStop legislation causes partisan fissures

Democratic bills address investor protection concerns related to the frenzy; Republicans warn against regulating ordinary investors out of the market.

By Mark Schoeff Jr.
What’s next for 401(k) litigation?
OPINION MAY 07, 2021
What’s next for 401(k) litigation?

While plaintiffs continue to develop many theories and new claims, one type of claim that has appeared with increasing frequency in 401(k) litigation 2.0 is an allegation that deciding to offer additional services to plans and their participants creates conflicts.

By David Levine
Wealthtechs merge to build ‘ecosystems’ for advisers
FINTECH MAY 07, 2021
Wealthtechs merge to build ‘ecosystems’ for advisers

Wealthtech has exploded with innovation over the past decade. Today, more firms are merging to create coordinated technology ecosystems.

By Nicole Casperson
CalSavers upheld in US Court of Appeals case
RETIREMENT PLANNING MAY 07, 2021
CalSavers upheld in US Court of Appeals case

A three-judge panel in the U.S. Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of the case. The savings system is not a plan under the Employee Retirement Income Security Act and is therefore not preempted by the law, the panel wrote in the opinion published yesterday.

By Emile Hallez
Brokers raise billions for green land deals IRS calls tax scams
ALTERNATIVES MAY 07, 2021
Brokers raise billions for green land deals IRS calls tax scams

Expanded government crackdowns on syndicated conservation easement land deals are creating financial and legal headaches for some wealthy investors.

By Bloomberg
Taking stock of your advisory business
OPINION MAY 07, 2021
Taking stock of your advisory business

As firms strive to build enterprise value, create ways for future partners to buy in and design a lasting business model, it may be time to consider adopting an equity-based ownership structure.

By Kenton Shirk