The more fee-based business you do, the more imperative it is to focus on current clients and your ability to hold onto them.
The new tool, called PracticeLab, is similar to the services advisers are getting from custodians and other business partners.
Acting SEC Chair Allison Herren Lee suggested the agency should consider new policies and procedures regarding ESG for investment advisers. The agency is evaluating how a disclosure framework can be flexible enough to keep up with the latest market and scientific developments.
The GAO concluded that plan sponsors, record keepers and others have little to go on as far as guidelines from the Department of Labor and that it isn’t clear whether fiduciaries have the responsibility to minimize cybersecurity risks.
Annuities are one of the leading recommendations for near retirees who are concerned about running out of money. But they are also poorly understood by many consumers, and that puts people at risk for being sold inappropriate products in amounts that represent an outsize proportion of their savings.
Given the events so far this year, regulation of these topics is likely top of mind for policymakers under Biden, according to experts.
Less than a week after notching its 15th deal in as many months, Toronto-based CI Financial announced the acquisition of an Atlanta-based RIA with $4.7 billion in client assets.
The firm is cautiously increasing hiring at the moment, essentially new advisers, but at a lower rate than in the past. Training financial advisers takes time and is also expensive, with a high percentage of trainees typically not making the cut.
Planned projects in the area that were cut back under the Trump administration would restrict access to tools for reducing estate tax bills.
During this time of consolidation in the asset management industry, and activity in fintech, the adoption of digital strategies and tools by both will better enhance their chances of survival, or continued success.
Fuller, who had been executive vice president of Lincoln Group, succeeds Mark Mullin, who becomes board chairman.
The plaintiffs maintained that Fidelity was a fiduciary to the plan in respect to the selection of investment options, but courts did not buy that argument. Separately, New York Life and USI Insurance face new 401(k) lawsuits.
The eight-adviser Monteverde Group is based in Pittsburgh.
Is the advisory industry capable of continuing the transformation that began during the pandemic in order to shape its next phase?
When to claim Social Security is the top question for new retirees.
Small-business owners across industries who are nearing retirement have said they are worried about their financial security.
The challenge with reflecting on what’s happened is that it is all so intensely personal, yet it has hit every person.
Special purpose acquisition companies, or SPACs, have been all the rage for the past 12 months, but will the fever outlast the pandemic?
Wealthtech has finally graduated from forcing adoption to focusing on innovative ways to bring financial advice into users' pockets.
But a stock market reaching record highs may be masking shortfalls, and a recent survey says firms aren't supervising conferencing platforms.
