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UBS considers workplace changes in U.S.
PRACTICE MANAGEMENT MAR 25, 2021
UBS considers workplace changes in U.S.

In response to employee feedback, the bank is seeking to improve engagement in underrepresented communities and considering allowing employees greater flexibility to work remotely.

By Bloomberg
Women advisers' skills questioned by men disproportionately, poll finds
RETIREMENT PLANNING MAR 24, 2021
Women advisers' skills questioned by men disproportionately, poll finds

In an industry dominated by men, women said they faced challenges early in their careers to prove themselves.

By Emile Hallez
Financial advisers are steering clients away from SPACs
RIAS MAR 24, 2021
Financial advisers are steering clients away from SPACs

Special purpose acquisition companies are leveraging celebrity endorsements to drive investor demand, while financial advisers struggle to protect clients from risk.

By Jeff Benjamin
The critical importance of thought leadership for RPAs
RETIREMENT PLANNING MAR 24, 2021
The critical importance of thought leadership for RPAs

RPAs need to create or use high-quality content. Ideally, RPAs get their content published or speak at industry events. Though social media is important, we have all learned that it is not necessarily reputable.

By Fred Barstein
'Gather round the campfire': Accepting Bitcoin volatility
FINTECH MAR 24, 2021
'Gather round the campfire': Accepting Bitcoin volatility

Price volatility is not a logical reason to ignore Bitcoin, said panelists during the InvestmentNews Fintech Virtual Summit. Here's why.

By Nicole Casperson
Supreme Court case could determine weight to give best-interest statements
REGULATION AND LEGISLATION MAR 24, 2021
Supreme Court case could determine weight to give best-interest statements

Are Goldman Sachs' assertions that its 'clients' interests always come first' generic and aspirational or could they be the basis for a class-action suit?

By Mark Schoeff Jr.
IBD boosts reserves more than $500,000 for inverse-ETF legal costs
ALTERNATIVES MAR 24, 2021
IBD boosts reserves more than $500,000 for inverse-ETF legal costs

Calton & Associates, with 400 reps and advisers, is looking at paying restitution of close to half a million to clients who bought leveraged exchange-traded funds.

By Bruce Kelly
Fed forming committee to prepare for climate risks
ESG MAR 24, 2021
Fed forming committee to prepare for climate risks

The central bank wants to look at the dangers that a warming planet poses to the financial system.

By InvestmentNews
Team managing $450 million switches to LPL from Sagepoint
BROKER DEALERS MAR 24, 2021
Team managing $450 million switches to LPL from Sagepoint

Arizona’s Progressive Financial Concepts will affiliate through an LPL office of supervisory jurisdiction, Wealth Consulting Group.

By InvestmentNews
An adviser's social media strategy: Post, refresh, repeat
FINTECH MAR 24, 2021
An adviser's social media strategy: Post, refresh, repeat

Advisers should embrace social media with an authentic voice that shows their personal side, said marketing strategist April Rudin at the InvestmentNews Virtual Fintech Summit.

By Jeff Benjamin
82% of Americans say Covid affected their retirement plans
RETIREMENT PLANNING MAR 24, 2021
82% of Americans say Covid affected their retirement plans

A Fidelity study underscores the importance of financial planning, but reveals that the term means different things to people of different ages.

By Mary Beth Franklin
Slimmed down 2020 comp for LPL, Ameriprise CEOs
BROKER DEALERS MAR 23, 2021
Slimmed down 2020 comp for LPL, Ameriprise CEOs

In the face of an unprecedented pandemic, Dan Arnold and James Cracchiolo saw their total pay fall last year.

By Bruce Kelly
The 401(k) industry likes emergency savings accounts. Are sponsors ready?
RETIREMENT PLANNING MAR 23, 2021
The 401(k) industry likes emergency savings accounts. Are sponsors ready?

Eight of nine big defined-contribution record keepers either already offer emergency savings programs or are planning to, according to a Commonwealth report. Two — Prudential and Voya — provide those services as an in-plan option.

By Emile Hallez
Hartford rejects Chubb's $23 billion takeover proposal
RETIREMENT PLANNING MAR 23, 2021
Hartford rejects Chubb's $23 billion takeover proposal

The response puts pressure on Chubb CEO Evan Greenberg to sweeten the offer as he seeks to beef up Chubb with Hartford's small-business coverage, fund manager and employee benefits unit.

By Bloomberg
Your clients may be prepared for retirement, but are you?
OPINION MAR 23, 2021
Your clients may be prepared for retirement, but are you?

As an adviser, you've spent countless hours advising clients on how to prepare for retirement from a psychological perspective. Now it's time to think about that topic yourself.

By Robert Goff
ICMA-RC is changing name to MissionSquare
RETIREMENT PLANNING MAR 23, 2021
ICMA-RC is changing name to MissionSquare

The Washington firm manages retirement plans for public workers.

By InvestmentNews
Senate confirms Marty Walsh to head Labor Department
REGULATION AND LEGISLATION MAR 23, 2021
Senate confirms Marty Walsh to head Labor Department

The Boston mayor, a former union leader, had the backing of the AFL-CIO.

By InvestmentNews
SEC claims phony rep sold $8.5 million of unregistered securities
REGULATION AND LEGISLATION MAR 23, 2021
SEC claims phony rep sold $8.5 million of unregistered securities

John W. Fisher, charged with fraud for his sales of Global 1 securities, faces civil penalties and disgorgement.

By InvestmentNews
Biden determined to tax rich after windfalls from Covid
REGULATION AND LEGISLATION MAR 22, 2021
Biden determined to tax rich after windfalls from Covid

There’s rising confidence at the White House that evidence of widening inequality will translate into broad popular support for a tax-the-wealthy strategy.

By Bloomberg
SEC webpage tracks agency's ESG activity
ESG MAR 22, 2021
SEC webpage tracks agency's ESG activity

The site is part of the agencywide response to what the SEC says is soaring demand from investors for information about climate and ESG issues.

By Mark Schoeff Jr.