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FSI to offer lower-cost health insurance plan to members
RETIREMENT PLANNING APR 07, 2021
FSI to offer lower-cost health insurance plan to members

The trade group says its members could save as much as 50% over the cost of health coverage on the open market.

By InvestmentNews
Wall Street sidesteps Georgia election reform debate
REGULATION AND LEGISLATION APR 07, 2021
Wall Street sidesteps Georgia election reform debate

Coca-Cola and Delta Airlines — both headquartered in Atlanta — have come out against the bill, as have many other corporations. That has drawn backlash from Republican lawmakers, including U.S. Senate Minority Leader Mitch McConnell.

By Mark Schoeff Jr.
Ex-GPB executive gets 9-month sentence
ALTERNATIVES APR 07, 2021
Ex-GPB executive gets 9-month sentence

Former chief compliance officer Michael Cohn was also fined $50,000. A former Securities and Exchange Commission examiner, he was charged in October 2019 with obstruction of justice relating to an SEC investigation of GPB.

By Bruce Kelly
Fidelity plans to hire 4,000, including 1,000 licensed reps
PRACTICE MANAGEMENT APR 07, 2021
Fidelity plans to hire 4,000, including 1,000 licensed reps

The giant asset manager also intends to add technology workers at operations centers.

By InvestmentNews
Yankees great Derek Jeter joins board of Rockefeller Capital Management
RIAS APR 07, 2021
Yankees great Derek Jeter joins board of Rockefeller Capital Management

Jeter, whose teams won five World Series, retired from baseball after the 2014 season and is currently the CEO of the Miami Marlins.

By Bruce Kelly
Group advising on $470 million switches from Triad to Arkadios
PRACTICE MANAGEMENT APR 07, 2021
Group advising on $470 million switches from Triad to Arkadios

Wagner Wealth Management, based in Greenville, South Carolina, has seven reps.

By InvestmentNews
Team with $583 million joins SagePoint from Kestra
BROKER DEALERS APR 07, 2021
Team with $583 million joins SagePoint from Kestra

Charles Stephen, an Albuquerque, New Mexico-based firm with four advisers, will affiliate through super-OSJ AmeriFlex.

By InvestmentNews
Discover what your clients want with a survey
OPINION APR 07, 2021
Discover what your clients want with a survey

A lot has changed over the past 12 months, and it's likely that what your clients want or prefer may have changed as well.

By Kristine McManus
Morgan Stanley exited part of Archegos holdings before most rivals
WIREHOUSES APR 07, 2021
Morgan Stanley exited part of Archegos holdings before most rivals

The bank's sale of $5 billion of shares owned by Archegos on March 25, the day before the deluge of block trades by other firms, helped Morgan Stanley emerge largely unscathed from the fund's flameout.

By Bloomberg
Third of near-retirees fail basic Social Security quiz
RETIREMENT PLANNING APR 06, 2021
Third of near-retirees fail basic Social Security quiz

The level of knowledge is improving but the public still needs guidance on decisions about claiming benefits.

By Mary Beth Franklin
Well-run advisory firms come in all sizes
OPINION APR 06, 2021
Well-run advisory firms come in all sizes

Advisers thinking of making a move should evaluate firms on what they're doing and what they've done, not on how big or small they are.

By Jamie Mackay
Altering 401(k) allocations sacrificed returns in 2020: Morningstar
RETIREMENT PLANNING APR 06, 2021
Altering 401(k) allocations sacrificed returns in 2020: Morningstar

People who self-directed their investments shifted to more conservative allocations, with an average decrease in equities by 17 percentage points during the first quarter of 2020.

By Emile Hallez
Investments becoming a bigger chunk of HSA assets
RETIREMENT PLANNING APR 06, 2021
Investments becoming a bigger chunk of HSA assets

The invested money reached $23.8 billion at the end of 2020, up more than 51% from the $15.7 billion seen at the end of 2019, according to a report Monday from HSA research and consulting firm Devenir.

By Emile Hallez
Duo managing $200 million at Wells Fargo joins Baird
PRACTICE MANAGEMENT APR 06, 2021
Duo managing $200 million at Wells Fargo joins Baird

Veteran advisers Kellie Rixse and business partner Jeff Todd make move in Anchorage, Alaska.

By InvestmentNews
Grayscale ‘committed’ to making biggest crypto fund an ETF
ETFS APR 06, 2021
Grayscale ‘committed’ to making biggest crypto fund an ETF

The company says it will convert its $39 billion Grayscale Bitcoin Trust into an exchange-traded fund as soon as U.S. regulators allow.

By Bloomberg
BlackRock plans racial audit, in break with Wall Street peers
PRACTICE MANAGEMENT APR 06, 2021
BlackRock plans racial audit, in break with Wall Street peers

The asset manager will undergo a third-party audit of its operations following a request from a shareholder.

By Bloomberg
Alerting clients to dark patterns and sludge
OPINION APR 06, 2021
Alerting clients to dark patterns and sludge

Sludge is like an anti-nudge: Rather than removing friction to make a choice simpler, sludge adds friction or complexity to the customer journey for the purpose of entrapping or upselling consumers.

By Sarah Newcomb
4 life insurance and retirement trends to watch
OPINION APR 06, 2021
4 life insurance and retirement trends to watch

We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.

By Kevin Hogan
Why Michael Bolton is crooning over online brokerages
OPINION APR 05, 2021
Why Michael Bolton is crooning over online brokerages

The advertisement is just the latest ploy in an industry war over the throngs of retail investors flocking to digital wealth platforms. The new account openings will certainly have repercussions.

By Sean Allocca
Advisers plan more annuity recommendations amid the pandemic
RETIREMENT PLANNING APR 05, 2021
Advisers plan more annuity recommendations amid the pandemic

Data from InvestmentNews Research and an annuities webcast show that more advisers are interested in the products.

By Emile Hallez