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DOL set to finalize ESG rule for retirement plans
RETIREMENT PLANNING OCT 07, 2022
DOL set to finalize ESG rule for retirement plans

The final rule is coming out at a time when sustainable investing has become a political flashpoint.

By Emile Hallez
Strong job market not enough to calm nervous employees
RETIREMENT PLANNING OCT 07, 2022
Strong job market not enough to calm nervous employees

62% of workers have cut their contributions to their savings in response to the economic impacts related to inflation or concerns about a recession.

By Gregg Greenberg
Joe Biden lights up marijuana stocks
ALTERNATIVES OCT 07, 2022
Joe Biden lights up marijuana stocks

The presidential pardon for those with marijuana convictions was interpreted as a step toward federal decriminalization and sparked a rally in funds offering exposure to cannabis companies.

By Jeff Benjamin
Morgan Stanley advisers managing $1.4 billion move to UBS
RIAS OCT 07, 2022
Morgan Stanley advisers managing $1.4 billion move to UBS

Two soloists and a team make the switch in Northern California.

By InvestmentNews
Credit Suisse offers $3 billion debt buyback to soothe investors
EQUITIES OCT 07, 2022
Credit Suisse offers $3 billion debt buyback to soothe investors

The announcement signals the bank's confidence that it has enough liquidity to take advantage of the recent slump in debt markets.

By InvestmentNews
Hub acquires Northern California-based Quintes
RETIREMENT PLANNING OCT 06, 2022
Hub acquires Northern California-based Quintes

The firm designs and manages retirement plans, including 401(k)s, 403(b)s and 457(b)s, as well as defined-benefit and cash-balance plans.

By InvestmentNews
Billion-dollar Merrill rep goes indie with LPL
WIREHOUSES OCT 06, 2022
Billion-dollar Merrill rep goes indie with LPL

Alexander Guiliano is launching Resonate Wealth in Ridgewood, New Jersey, along with two staffers.

By InvestmentNews
New ETFs would package best, worst of Jim Cramer's stock picks
EQUITIES OCT 06, 2022
New ETFs would package best, worst of Jim Cramer's stock picks

Tuttle Capital Management is seeking SEC approval to launch two active ETFs populated with the 'Mad Money' host's favorite stocks.

By Jeff Benjamin
Finra moving to slimmed down headquarters in D.C.
REGULATION AND LEGISLATION OCT 06, 2022
Finra moving to slimmed down headquarters in D.C.

The change will offer the regulator's employees a hybrid approach that combines in-office and remote work.

By Bruce Kelly
Colorado regulators mulling update to guidance on financial planning fees
REGULATION AND LEGISLATION OCT 06, 2022
Colorado regulators mulling update to guidance on financial planning fees

Groups like XY Planning Network and the CFP Board view a document from the state's Division of Securities as undermining fee-for-service models.

By Mark Schoeff Jr.
Fend off inflation with these strategic tips
RETIREMENT PLANNING OCT 06, 2022
Fend off inflation with these strategic tips

Economist Laurence Kotlikoff offers his outlook on inflation and how investors can prepare their portfolios to defend against it.

By Gregg Greenberg
Fidelity, Vanguard join forces to help workers move 401(k)s
RETIREMENT PLANNING OCT 05, 2022
Fidelity, Vanguard join forces to help workers move 401(k)s

The two retirement giants, along with Alight Solutions, are forming a consortium to automate the transfer of 401(k) accounts with balances below $5,000 when workers change jobs.

By Bloomberg
ESG investments move a step closer to strict definitions and certification
ESG OCT 05, 2022
ESG investments move a step closer to strict definitions and certification

Fintech firms are joining forces to help investors avoid the pitfalls of greenwashing.

By Jeff Benjamin
Finra fines Barclays Capital $2 million for best-execution failures
REGULATION AND LEGISLATION OCT 05, 2022
Finra fines Barclays Capital $2 million for best-execution failures

The regulator says the firm didn't search the market to see if it could find better prices for customers, in a case that's another example of the regulatory crackdown in this area.

By Mark Schoeff Jr.
Mercer Global Advisors adds Cincinnati firm managing $370 million
RIAS OCT 05, 2022
Mercer Global Advisors adds Cincinnati firm managing $370 million

The Asset Advisory Group, founded in 1988, serves about 160 clients and will expand Mercer's presence in Ohio.

By InvestmentNews
Fisher Investments adviser snags Judge's history-making homer
RIAS OCT 05, 2022
Fisher Investments adviser snags Judge's history-making homer

Cory Youmans, a vice president and investment adviser at Fisher in Plano, Texas, caught Aaron Judge's historic 62nd home run of the season Tuesday night.

By Bruce Kelly
Closing the gap: New network sees potential in  client care circles
PRACTICE MANAGEMENT OCT 05, 2022
Closing the gap: New network sees potential in client care circles

Collaboration between complementary professionals is a missing link for many clients, who are expected to patch advice from various professionals into a comprehensive plan.

By Joanne Cleaver
5 client personas advisers need to know to build wallet share
OPINION OCT 05, 2022
5 client personas advisers need to know to build wallet share

It's important for advisers to understand how the emotions of clients can dictate whether and when they'll give you more assets to manage.

By Laura Hanichak Gregg
Edelman Financial Engines adds to Northern California presence with $490 million deal
RIAS OCT 05, 2022
Edelman Financial Engines adds to Northern California presence with $490 million deal

The acquisition of Herrmann & Cooke Wealth Management adds 600 new clients to Edelman's base of more than 1.3 million clients.

By Jeff Benjamin
Life insurance can be a valuable asset for seniors battling inflation
OPINION OCT 05, 2022
Life insurance can be a valuable asset for seniors battling inflation

Selling life insurance policies can help retirees meet expenses, but such transactions, known as life settlements, are overlooked by the financial planning world.

By Lucas Siegel