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Fed purchases reshape market for bond ETFs
MUTUAL FUNDS JUN 16, 2020
Fed purchases reshape market for bond ETFs

Cash is flooding into fixed-income ETFs at a record pace and interest in betting against both high-grade and junk funds has dissolved

By Bloomberg
Morgan Stanley sued for racial bias by former diversity head
PRACTICE MANAGEMENT JUN 16, 2020
Morgan Stanley sued for racial bias by former diversity head

Marilyn Booker, the firm's first global head of diversity, says it refused to adopt her plan to address racial bias

By Bloomberg
SEC chairman emphasizes Reg BI protections on rollovers, complex product sales
RETIREMENT PLANNING JUN 16, 2020
SEC chairman emphasizes Reg BI protections on rollovers, complex product sales

Pandemic conditions make acting in clients’ interests even more important, Jay Clayton says

By Mark Schoeff Jr.
401(k)s treat fixed income as an afterthought: Survey
EQUITIES JUN 16, 2020
401(k)s treat fixed income as an afterthought: Survey

Defined-contribution plans generally place more emphasis on stock funds than fixed-income options

By Emile Hallez
TD Ameritrade applies 'dating app' innovation to RIA M&A
RIAS JUN 16, 2020
TD Ameritrade applies 'dating app' innovation to RIA M&A

Critics of the new platform wonder if the anonymous nature of the interactions will work for personalized deals

By Jeff Benjamin
Edward Jones contributes $1.2 million to civil rights groups
BROKER DEALERS JUN 16, 2020
Edward Jones contributes $1.2 million to civil rights groups

The company also announced a five-part plan to address racism, which includes an analysis of home office employees' pay

By InvestmentNews
$200 million unit at Wisconsin bank moves to LPL from MassMutual
BROKER DEALERS JUN 16, 2020
$200 million unit at Wisconsin bank moves to LPL from MassMutual

Summit Street operates in 14 branches of Oconomowoc’s Bank Five Nine

By InvestmentNews
Adviser managing $1.2 billion at UBS forms RIA
RIAS JUN 16, 2020
Adviser managing $1.2 billion at UBS forms RIA

Matt Kilgroe’s Cyndeo Wealth Partners is based in St. Petersburg, Fla.

By InvestmentNews
LPL shines a spotlight on succession planning
OPINION JUN 16, 2020
LPL shines a spotlight on succession planning

Assurance Plans can be described as 'term life insurance' for your business

By Jeff Benjamin
Financial challenges facing the special needs community during COVID-19
OPINION JUN 16, 2020
Financial challenges facing the special needs community during COVID-19

Advisers can help this group and their caregivers deal with questions raised by the pandemic and the CARES Act

By Jessica Tuman
BlackRock plans ETF focused on remote-work companies
MUTUAL FUNDS JUN 16, 2020
BlackRock plans ETF focused on remote-work companies

Its move follows Direxion's April announcement of a 'work-from-home' fund

By Bloomberg
Fed to begin buying corporate bonds
FIXED INCOME JUN 16, 2020
Fed to begin buying corporate bonds

The Secondary Market Corporate Credit Facility is one of nine emergency lending programs the Fed has announced since mid-March

By Bloomberg
INDUSTRY NEWS JUN 15, 2020
Jay Clayton’s legacy as SEC chairman, broker pay cuts and the quirky investigation of a lawyer

The second weekly episode of the InvestmentNews Podcast with senior columnists Jeff Benjamin and Bruce Kelly

By InvestmentNews
Ex-Raymond James broker faces criminal charges for defrauding elderly customers
RETIREMENT PLANNING JUN 15, 2020
Ex-Raymond James broker faces criminal charges for defrauding elderly customers

The SEC filed a parallel civil complaint against Frederick M. Stow for stealing nearly $1 million

By Mark Schoeff Jr.
Auto-IRA bill awaits governor's signature in Colorado
RETIREMENT PLANNING JUN 15, 2020
Auto-IRA bill awaits governor's signature in Colorado

It will become the latest state to move forward with a retirement savings program for private-sector workers

By Emile Hallez
Prospecting in volatile times
OPINION JUN 15, 2020
Prospecting in volatile times

Your focus, messaging and positioning all need to be on the problems you can solve and the people you help

By Kristine McManus
$500M adviser team drops Merrill Lynch for Sanctuary Wealth
BROKER DEALERS JUN 15, 2020
$500M adviser team drops Merrill Lynch for Sanctuary Wealth

Muirwood Wealth Partners marks the second team to transition away from the wirehouse in favor of an independent platform this month

By Nicole Casperson
INmail: Claiming strategy for nonworking spouse
RETIREMENT PLANNING JUN 15, 2020
INmail: Claiming strategy for nonworking spouse

What’s the best Social Security claiming strategy for a married couple where the husband is 67 and the wife, who has no earnings history of her own, is 65?

By Mary Beth Franklin
Social Security underpays more than 15,000 survivors
RETIREMENT PLANNING JUN 15, 2020
Social Security underpays more than 15,000 survivors

An audit shows many retired widows and widowers are due higher survivor benefits

By Mary Beth Franklin
Morgan Stanley economists stick with call for V-shaped recovery
WIREHOUSES JUN 15, 2020
Morgan Stanley economists stick with call for V-shaped recovery

Their forecast cites the sizable policy support from central banks and finance ministries

By Bloomberg