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Social Security benefits targeted for cuts by House conservatives
RETIREMENT PLANNING JUN 15, 2023
Social Security benefits targeted for cuts by House conservatives

A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.

By Bloomberg
The Truth About Custom Indices
LIFE INSURANCE AND ANNUITIES JUN 15, 2023
The Truth About Custom Indices

What’s behind the surge in popularity among fixed indexed annuities? Their aim to help protect principal and achieve predictable returns is part of the story—and layering in a custom index can be a smart part of that strategy.

By InvestmentNews Create
Bottled-up rage: Bud Light and ESG, Part II
OPINION JUN 14, 2023
Bottled-up rage: Bud Light and ESG, Part II

Investors who see risk associated with ESG are in for a surprise.

By Emile Hallez
Schwab says Q2 revenue could decline as much as 11%
INDUSTRY NEWS JUN 14, 2023
Schwab says Q2 revenue could decline as much as 11%

The company's shares have lost more than one-third of their value this year as higher rates led customers to yank cash out of Schwab's low-yielding sweep accounts,

By Bloomberg
What exactly does financial wellness mean for employers and workers?
RETIREMENT PLANNING JUN 14, 2023
What exactly does financial wellness mean for employers and workers?

Financial wellness looks and feels different across companies, but all programs should provide employees with the tools and confidence they need to achieve their financial goals.

By Gregg Greenberg
Fed puts a hold on rate hikes after 15 months of increases
RETIREMENT PLANNING JUN 14, 2023
Fed puts a hold on rate hikes after 15 months of increases

The Federal Reserve signaled it would likely resume tightening to cool inflation, projecting more increases than economists and investors expected.

By Bloomberg
Finra considers increasing liquidity requirements for brokerages
REGULATION AND LEGISLATION JUN 14, 2023
Finra considers increasing liquidity requirements for brokerages

The regulator is seeking public comment on a concept proposal that would require member firms to maintain sufficient cash and assets to meet obligations during times of stress.

By Mark Schoeff Jr.
House rep wants to keep China and other 'adversaries' out of 401(k)s
RETIREMENT PLANNING JUN 14, 2023
House rep wants to keep China and other 'adversaries' out of 401(k)s

Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'

By Emile Hallez
Bounce in stocks boosts retirement assets in Q1
RETIREMENT PLANNING JUN 14, 2023
Bounce in stocks boosts retirement assets in Q1

Funds held in individual retirement accounts totaled $12.5 trillion at the end of the first quarter, an increase of 4.3% from the end of 2022.

By Gregg Greenberg
Merit Financial adds LPL veteran Andy Kalbaugh to its board
RIAS JUN 14, 2023
Merit Financial adds LPL veteran Andy Kalbaugh to its board

Kalbaugh will work with the fast-growing wealth management firm's executive leadership on strategic planning.

By Bruce Kelly
How to get started with automation
OPINION JUN 14, 2023
How to get started with automation

There's a fair amount of legwork that needs to happen to get firms to the point where automation is possible.

By Dirk Pearson
$881 million team from Securian moves to Commonwealth
BROKER DEALERS JUN 14, 2023
$881 million team from Securian moves to Commonwealth

Foundations Financial Partners in Doylestown, Pennsylvania, had been affiliated with Securian for 32 years.

By InvestmentNews
New iCapital platform gives advisors turnkey access to alternative investments
RIAS JUN 14, 2023
New iCapital platform gives advisors turnkey access to alternative investments

Marketplace combines hundreds of existing platforms run by providers of alternative investments into a single network.

By Jeff Benjamin
SEC to weigh new artificial intelligence rules for brokerages
REGULATION AND LEGISLATION JUN 13, 2023
SEC to weigh new artificial intelligence rules for brokerages

The agency said a long-contemplated plan to rein in conflicts of interest associated with artificial intelligence could be introduced as soon as October.

By Bloomberg
AssetMark continues growth in May
FINTECH JUN 13, 2023
AssetMark continues growth in May

AssetMark ended the month of May with $96.4 billion in assets on its turnkey asset management platform, up 10.9% year over year.

By Ryan W. Neal
Support for ESG votes from BlackRock, State Street moderate at best: Morningstar
ESG JUN 13, 2023
Support for ESG votes from BlackRock, State Street moderate at best: Morningstar

Vanguard was half as likely to vote for shareholder resolutions as BlackRock and State Street, a new report finds.

By Emile Hallez
Bill allowing more types of annuities in retirement plans tops IRI’s lobbying agenda
RETIREMENT PLANNING JUN 13, 2023
Bill allowing more types of annuities in retirement plans tops IRI’s lobbying agenda

The Insured Retirement Institute is hoping Congress has an appetite for more retirement savings legislation following the SECURE Act and SECURE 2.0.

By Mark Schoeff Jr.
F2 Strategy brings in private equity to acquire fintech consulting firm
FINTECH JUN 13, 2023
F2 Strategy brings in private equity to acquire fintech consulting firm

Its purchase of Oakbrook Solutions creates a combined firm that has more than 100 employees and serves clients representing a combined $2.5 trillion in AUM.

By Ryan W. Neal
Finra spanks Schwab with $350,000 fine over disclosures on ETNs
ALTERNATIVES JUN 13, 2023
Finra spanks Schwab with $350,000 fine over disclosures on ETNs

Schwab self-reported the issues with disclosures related to exchange-traded notes, which occurred from January 2016 to December 2020, to Finra.

By Bruce Kelly
Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs
RIAS JUN 13, 2023
Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs

The asset manager is banking on financial advisors' growing interest in targeted investment strategies.

By Jeff Benjamin