Advisor News

Displaying 28344 results
AI can expose 'very real' ESG risks, says UBS exec
FINTECH JUL 14, 2023
AI can expose 'very real' ESG risks, says UBS exec

For example, artificial intelligence could help with the threat of deforestation by tracking 'land use change and geospatial mapping.'

By Bloomberg
Wells Fargo shares jump after Q2 results exceed estimates
WIREHOUSES JUL 14, 2023
Wells Fargo shares jump after Q2 results exceed estimates

Bank's net interest income soars on back of Fed rate hikes.

By Bloomberg
Retirement provider Ascensus taps Good as new president
RETIREMENT PLANNING JUL 14, 2023
Retirement provider Ascensus taps Good as new president

Nick Good takes over the role from Ascensus CEO and Chair David Musto, who will now devote more of his time to overall leadership of the organization.

By Gregg Greenberg
Charles Schwab announces TD Ameritrade data breach
FINTECH JUL 14, 2023
Charles Schwab announces TD Ameritrade data breach

Tens of thousands of clients could have been affected by huge attack resulting from vulnerabilities found in MOVEit file transfer software.

By Matthew Sellers
What's keeping investment firm compliance officers awake at night?
PRACTICE MANAGEMENT JUL 14, 2023
What's keeping investment firm compliance officers awake at night?

The Investment Adviser Association reveals the results of its 2023 Investment Management Compliance Testing Survey.

By Steve Randall
Investors open to using ChatGPT to pick their investment portfolios
FINTECH JUL 14, 2023
Investors open to using ChatGPT to pick their investment portfolios

Survey reveals that a significant share of respondents believe AI can do a better job of choosing equities than they can.

By Steve Randall
Credit Suisse bleeds bankers, UBS saves on payouts
PRACTICE MANAGEMENT JUL 14, 2023
Credit Suisse bleeds bankers, UBS saves on payouts

Rivals have poached dozens of senior Credit Suisse investment bankers in recent months, reducing the need for big redundancy packages for UBS.

By Matthew Sellers
Gensler's SEC crypto clampdown hits legal speed bump
ALTERNATIVES JUL 14, 2023
Gensler's SEC crypto clampdown hits legal speed bump

A U.S. District Court judge pushes back against the SEC's attempt to regulate Ripple XRP token.

By Matthew Sellers
Saving for college hurts retirement for nearly 60%, survey says
RETIREMENT PLANNING JUL 13, 2023
Saving for college hurts retirement for nearly 60%, survey says

A new rule for 529-to-IRA rollovers could help those who have both retirement and college savings goals.

By Emile Hallez
SEC charges former broker with ripping off elderly, disabled clients
REGULATION, LEGAL & COMPLIANCE JUL 13, 2023
SEC charges former broker with ripping off elderly, disabled clients

Joseph Michael Todd of Florida stole at least $3 million from 20 customers, according to the regulator.

By Mark Schoeff Jr.
Closing broker-dealer's financials 'were horrible'
PRACTICE MANAGEMENT JUL 13, 2023
Closing broker-dealer's financials 'were horrible'

Arizona-based Arque Capital Ltd. sold bonds issued by bankrupt GWG Holdings Inc.

By Bruce Kelly
Warnings from financial advisors grow with Mega Millions jackpot
RETIREMENT PLANNING JUL 13, 2023
Warnings from financial advisors grow with Mega Millions jackpot

With the pool for Friday’s draw having grown to an estimated $560 million, advisors urge anyone experiencing a windfall to proceed cautiously.

By Gregg Greenberg
Former Celsius CEO charged with fraud in latest DOJ crypto case
ALTERNATIVES JUL 13, 2023
Former Celsius CEO charged with fraud in latest DOJ crypto case

The SEC, the CFTC and the FTC also filed lawsuits against Alex Mashinsky and his crypto lending company.

By Bloomberg
House kicks off 'ESG month' with heated hearing
REGULATION, LEGAL & COMPLIANCE JUL 13, 2023
House kicks off 'ESG month' with heated hearing

The House Financial Services Committee heard testimony on 18 bills that would curtail SEC efforts or otherwise restrict ESG considerations.

By Emile Hallez
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business
PRACTICE MANAGEMENT JUL 13, 2023
Got less than $680,000 to invest? Morgan Stanley doesn’t want your business

The big wealth manager palms off 'low value' clients in Australia.

By Matthew Sellers
Gen X on shaky ground for retirement, with 40% having saved nothing
RETIREMENT PLANNING JUL 12, 2023
Gen X on shaky ground for retirement, with 40% having saved nothing

The median retirement account balance among Gen Xers is just $10,000, NIRS found.

By Emile Hallez
2024 COLA estimate increases despite slowing inflation
RETIREMENT PLANNING JUL 12, 2023
2024 COLA estimate increases despite slowing inflation

The Senior Citizens League increased its estimate for the 2024 cost of living adjustment to 3%.

By Ryan W. Neal
Wells Fargo loses $145 million advisor to LPL
INDEPENDENT BROKER DEALERS JUL 12, 2023
Wells Fargo loses $145 million advisor to LPL

Broomall, Pennsylvania-based David W. Rodgers moves for “breadth and depth of services.”

By Matthew Sellers
SEC seeks to raise capital requirements for brokers holding substantial customer funds
REGULATION, LEGAL & COMPLIANCE JUL 12, 2023
SEC seeks to raise capital requirements for brokers holding substantial customer funds

The proposed rule would require certain brokerages to compute the net cash they owe customers and other B-Ds on a daily, rather than weekly, basis.

By Mark Schoeff Jr.
After years going solo, Edward Jones advisors now sharing offices
INDEPENDENT BROKER DEALERS JUL 12, 2023
After years going solo, Edward Jones advisors now sharing offices

A year after the firm's decision to give advisors more flexibility, 700 Edward Jones financial advisors, or more than 3%, now work in combined offices.

By Bruce Kelly