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Ray Dalio says rates at 4.5% would sink stocks by 20%
INDUSTRY NEWS SEP 15, 2022
Ray Dalio says rates at 4.5% would sink stocks by 20%

The billionaire founder of Bridgewater Associates says private sector credit growth and spending to come down.

By Bloomberg
J.P. Morgan adds three active ETFs with ESG themes
ESG SEP 14, 2022
J.P. Morgan adds three active ETFs with ESG themes

The firm's other active sustainable exchange-traded fund, Climate Change Solutions, launched in 2021.

By Emile Hallez
Clients want advice about their Medicare options
RETIREMENT PLANNING SEP 14, 2022
Clients want advice about their Medicare options

Most advisers agree they should be providing health care advice, but they say they need better tools.

By Mary Beth Franklin
Why has Knut Rostad lost faith in the SEC?
REGULATION AND LEGISLATION SEP 14, 2022
Why has Knut Rostad lost faith in the SEC?

During Fiduciary September, the head of the Institute for the Fiduciary Standard worries that the SEC is eroding the standard.

By Mark Schoeff Jr.
Duo managing $298 million at Wintrust shift to Baird
RIAS SEP 14, 2022
Duo managing $298 million at Wintrust shift to Baird

Scott Park and Aimee Morrin join firm’s Oak Brook, Illinois, office.

By InvestmentNews
Morgan Stanley counting fresh assets in the trillions
PRACTICE MANAGEMENT SEP 14, 2022
Morgan Stanley counting fresh assets in the trillions

After its spate of acquisitions, Morgan Stanley now has relationships with 16.5 million clients, Andy Saperstein, its head of wealth management, points out.

By Bruce Kelly
The decline of internal succession in the age of integrators and aggregators
OPINION SEP 14, 2022
The decline of internal succession in the age of integrators and aggregators

Remember that almost any carefully developed plan is going to be better for your family, employees and clients than to have no plan in place at all.

By Pat McClain
Open enrollment tip: Don't just go with the group life insurance, get individual as well
LIFE INSURANCE AND ANNUITIES SEP 14, 2022
Open enrollment tip: Don't just go with the group life insurance, get individual as well

Bob Gaydos, CEO of Pendella, explains why employees need to focus on individual life insurance coverage.

By Gregg Greenberg
Market risk: The glass is looking half empty
OPINION SEP 14, 2022
Market risk: The glass is looking half empty

The risk going forward is a lot higher than it has been in the recent past.

By Rick Bookstaber
Morgan Stanley adviser managing $185 million joins Ameriprise
WIREHOUSES SEP 14, 2022
Morgan Stanley adviser managing $185 million joins Ameriprise

Kim Garrison is moving to the firm's employee channel in Springfield, Missouri.

By InvestmentNews
Credit Suisse clash over tycoon's trust catches industry attention
RETIREMENT PLANNING SEP 14, 2022
Credit Suisse clash over tycoon's trust catches industry attention

A win for Bidzina Ivanishvili against Credit Suisse Trust (Singapore) Ltd. may force a major rethink of how and when trust operators flag unusual transactions or other shady practices.

By Bloomberg
Wells Fargo plans third-party racial equity audit
PRACTICE MANAGEMENT SEP 14, 2022
Wells Fargo plans third-party racial equity audit

The announcement that the bank hired law firm Covington & Burling to do an assessment comes as CEO Scharf prepares to appear at a pair of congressional hearings.

By Bloomberg
Nationwide offers income projection tool for retirement plans
RETIREMENT PLANNING SEP 13, 2022
Nationwide offers income projection tool for retirement plans

The insurer is using a financial projection engine from NewRetirement to power an interactive retirement planner.

By InvestmentNews
American workers won't wait for maximum Social Security checks: Schroders
RETIREMENT PLANNING SEP 13, 2022
American workers won't wait for maximum Social Security checks: Schroders

Only 11% of Americans 45 and older plan to wait until they're 70 to start receiving their Social Security benefits.

By Gregg Greenberg
Merrill Lynch boosts CFP Board diversity efforts with $1.25 million donation
PRACTICE MANAGEMENT SEP 13, 2022
Merrill Lynch boosts CFP Board diversity efforts with $1.25 million donation

The firm becomes a founding sponsor of the Center for Financial Planning, whose mission is to build a more inclusive talent pipeline.

By Mark Schoeff Jr.
Investors see inflation as top concern
RIAS SEP 13, 2022
Investors see inflation as top concern

Research from State Street Global Advisors exposes a generational divide when it comes to seeking out financial advice.

By Jeff Benjamin
Scorching hot August for RIA M&A: Fidelity
RIAS SEP 13, 2022
Scorching hot August for RIA M&A: Fidelity

New opportunistic buyers continue to enter the space, while serial buyers, those aggregators who have long dominated the market, are reportedly becoming more selective.

By Bruce Kelly
Wells Fargo team managing $300 million leaves for LPL
ADVISOR MOVES SEP 13, 2022
Wells Fargo team managing $300 million leaves for LPL

The father-daughter team of Tom Kelly and Maureen Kelly in Lynwood, Washington, have moved to the Linsco employee channel at LPL Financial.

By InvestmentNews
Bank of America forms wealth management banking and lending group
PRACTICE MANAGEMENT SEP 13, 2022
Bank of America forms wealth management banking and lending group

The new organization, which comprises about 3,500 employees, seeks to expand the firm's offerings for affluent clients increasingly sought by rivals.

By Bloomberg
Bigger-than-expected CPI gain cements odds of big Fed hike
INDUSTRY NEWS SEP 13, 2022
Bigger-than-expected CPI gain cements odds of big Fed hike

The August consumer price index showed price pressures are still historically elevated and widespread.

By Bloomberg