Advisor News

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LPL Retirement Partners hires new chief
RETIREMENT PLANNING OCT 08, 2018
LPL Retirement Partners hires new chief

Appointment of Bryan Hodgens is second shake-up in a year at the retirement unit.

By Greg Iacurci
More older women in America working past age 55
RETIREMENT PLANNING OCT 08, 2018
More older women in America working past age 55

AARP study finds that Americans are split on why they continue to work.

By Bloomberg
Tim Sloan hasn't turned around Wells Fargo
WIREHOUSES OCT 08, 2018
Tim Sloan hasn't turned around Wells Fargo

Loans and deposits at Wells are down. Earnings, too, are expected to fall.

By Stephen Gandel
Finra bars ex-Morgan Stanley broker Kevin Smith
WIREHOUSES OCT 08, 2018
Finra bars ex-Morgan Stanley broker Kevin Smith

Fired in 2016, Kevin Smith was barred Monday for not providing testimony in investigation.

By Bruce Kelly
A human touch in a digital world
FINTECH OCT 06, 2018
A human touch in a digital world

Hybrid robo-advisers are bridging the gap between automated advice and traditional advice by hiring financial advisers looking for an alternative career path.

By Ryan W. Neal
Voya cybersecurity blunder should serve as a wake-up call to the entire industry
FINTECH OCT 06, 2018
Voya cybersecurity blunder should serve as a wake-up call to the entire industry

The stakes are high: Procedures have to be reviewed and tested on a regular basis.

By crain-api
New robo-adviser to collect management fees only when it beats the market
FINTECH OCT 05, 2018
New robo-adviser to collect management fees only when it beats the market

Instead of a basket of ETFs, SGIM's algorithm will actively pick individual securities.

By Ryan W. Neal
Cetera Financial Group selling stock to its advisers
INDEPENDENT BROKER DEALERS OCT 05, 2018
Cetera Financial Group selling stock to its advisers

New stock and business loan plans are part of a broader outreach to 8,000 advisers.

By Bruce Kelly
New NASAA president Michael Pieciak puts cybersecurity at top of agenda
REGULATION AND LEGISLATION OCT 05, 2018
New NASAA president Michael Pieciak puts cybersecurity at top of agenda

State regulators release request for comment on model cyber rule

By Mark Schoeff Jr.
The Trump family used this strategy to save on taxes
RETIREMENT PLANNING OCT 05, 2018
The Trump family used this strategy to save on taxes

A type of trust known as a GRAT reportedly helped the Trumps save hundreds of millions of dollars in gift and estate taxes

By Greg Iacurci
Outdated tech could be the industry's greatest vulnerability — and greatest defense
FINTECH OCT 05, 2018
Outdated tech could be the industry's greatest vulnerability — and greatest defense

Legacy systems exposefinancial institutions to big outsiders such as Google and Amazon, which can offer a better experience for users.

By Ryan W. Neal
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities
RIA NEWS OCT 04, 2018
How Ohio National's move may lead to 'unscrupulous' broker behavior with annuities

If other insurers also start to terminate VA trail commissions, brokers might opt to take upfront sales commissions instead and start churning their clients' annuities.

By Greg Iacurci
Super-rich are piling up wealth in black-box charities
RETIREMENT PLANNING OCT 04, 2018
Super-rich are piling up wealth in black-box charities

Money flowing into donor-advised funds far outstrips grants being made from the funds.

By Bloomberg
A guide to Medicare open enrollment
RETIREMENT PLANNING OCT 04, 2018
A guide to Medicare open enrollment

Medicare enrollees should review their drug coverage and Advantage plans for 2019.

By Mary Beth Franklin
Transamerica pays $195 million to settle lawsuit over universal life insurance
LIFE INSURANCE AND ANNUITIES OCT 04, 2018
Transamerica pays $195 million to settle lawsuit over universal life insurance

Suit alleged the insurer improperly increased monthly costs to avoid guaranteed monthly interest payments.

By Ryan W. Neal
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration
WIREHOUSES OCT 04, 2018
Discrimination claim filed by ex-Morgan Stanley rep sent to arbitration

Judge rules that John Lockette was bound by a company policy requiring employees to arbitrate all claims.

By Bruce Kelly
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away
REGULATION AND LEGISLATION OCT 04, 2018
PIABA: Finra proposal to ease oversight of brokers' outside activities would spur selling away

Arbitration lawyers assert changes would create regulatory 'black hole.'

By Mark Schoeff Jr.
Jack-of-all-trades client service satisfies none
FINTECH OCT 04, 2018
Jack-of-all-trades client service satisfies none

A jack-of-all-trades is master of none, and often clients need a master's help to solve their problems.

By Randy Lambert
More big names in financial services enter the cryptocurrency world
ALTERNATIVES OCT 04, 2018
More big names in financial services enter the cryptocurrency world

TD Ameritrade and Ric Edelman are the latest to invest in digital asset companies.

By Ryan W. Neal
Why You Needed a Continuity Plan Yesterday
OPINION OCT 04, 2018
Why You Needed a Continuity Plan Yesterday

With many people depending on a practice to continue operating in an advisor's absence, it's vital to have a detailed continuity plan. Learn how to get started on yours today.

By Roger Verboon