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Worst day of an awful year leaves no part of market unscathed
EQUITIES NOV 20, 2018
Worst day of an awful year leaves no part of market unscathed

Stocks, oil and corporate bonds all plunged, while safe havens like Treasuries and gold stood still.

By Bloomberg
As it works to pull off a merger, FS Investments admits shortcomings
ALTERNATIVES NOV 20, 2018
As it works to pull off a merger, FS Investments admits shortcomings

Management makes public statements about weaknesses at company's funds.

By Bruce Kelly
Ohio National lays off chief distribution officer; president retires after three months on the job
BROKER DEALERS NOV 20, 2018
Ohio National lays off chief distribution officer; president retires after three months on the job

The personnel changes come weeks after the insurer's controversial decision to stop paying trail commissions on some annuities.

By Greg Iacurci
Goldman Sachs rising star fired 15-year veteran on maternity leave, complaint says
INDUSTRY NEWS NOV 19, 2018
Goldman Sachs rising star fired 15-year veteran on maternity leave, complaint says

Los Angeles VP dismissed for 'strategic business planning reasons'; exec who fired her promoted to head of wealth management for U.S. and Latin America.

By Bloomberg
Fortress Biotech selling its majority stake in National Holdings
BROKER DEALERS NOV 19, 2018
Fortress Biotech selling its majority stake in National Holdings

B. Riley Financial will own 49% of the shares of the broker-dealer, which has 700 independent reps and advisers

By Bruce Kelly
Fight for New Jersey fiduciary rule yields doomsday rhetoric from both sides
RIAS NOV 19, 2018
Fight for New Jersey fiduciary rule yields doomsday rhetoric from both sides

Stakeholders warned of a 'crisis' and 'decimation of our financial system' at a public meeting held by the New Jersey Bureau of Securities.

By Greg Iacurci
Former Waddell & Reed broker barred for taking $130,000 from his elderly mother
INDUSTRY NEWS NOV 19, 2018
Former Waddell & Reed broker barred for taking $130,000 from his elderly mother

Robert Lee Basile faces two years of probation after pleading guilty to theft from an elder and embezzlement.

By Ryan W. Neal
5 ways to start the 'purpose' conversation with clients
OPINION NOV 19, 2018
5 ways to start the 'purpose' conversation with clients

Help clients understand that retirement is about more than money.

By Dan Starishevsky
Embrace innovation to attract next-gen investors
OPINION NOV 19, 2018
Embrace innovation to attract next-gen investors

Advisers need to change their relationship with technology to keep pace with the changing preferences of younger clients

By Dani Fava
3 reasons for the annuity sales spike
OPINION NOV 19, 2018
3 reasons for the annuity sales spike

And none of them have anything to do with the death of the DOL rule

By Scott Stolz
Taking stock of the new political landscape in Washington
REGULATION AND LEGISLATION NOV 19, 2018
Taking stock of the new political landscape in Washington

The incoming Congress will present both challenges and opportunities for the financial advisory profession.

By Bloomberg
For some women, widowhood produces a windfall — and plenty of headaches
RETIREMENT PLANNING NOV 17, 2018
For some women, widowhood produces a windfall — and plenty of headaches

Women who are beneficiaries of their late husbands' estates could be shocked at how much more they owe in taxes.

By Mary Beth Franklin
RIAS NOV 17, 2018
They have little tolerance for sexual harassment, but most advice firms lack formal policies

Industry conferences take lead in adopting formal policies, where harassment has been a problem in the past.

By Jeff Benjamin
Adviser suffers the challenge of being a disabled woman on Wall Street
OPINION NOV 17, 2018
Adviser suffers the challenge of being a disabled woman on Wall Street

Adviser survives cancer but loses her job in financial services.

By Cynthia D. DiBartolo
Lessons I've learned on how to thrive
OPINION NOV 17, 2018
Lessons I've learned on how to thrive

'There is more work to be done, but no limit to where we can go.'

By Penny Pennington
Advisers draw inspiration from women who ran for Congress
REGULATION AND LEGISLATION NOV 17, 2018
Advisers draw inspiration from women who ran for Congress

Seeing women break through barriers in politics is encouraging to those in other male-dominated fields.

By Mark Schoeff Jr.
Kara Stein: Recent gains in female leadership aren't enough
PRACTICE MANAGEMENT NOV 17, 2018
Kara Stein: Recent gains in female leadership aren't enough

SEC commissioner says we've come a long way, but until we fully utilize the potential of half the population, we'll lose out on innovation and growth.

By Kara Stein
Hester Peirce: All women do not speak with the same voice, and SEC commissioners are no different
OPINION NOV 17, 2018
Hester Peirce: All women do not speak with the same voice, and SEC commissioners are no different

A history of decisions by female members of the Securities and Exchange Commission demonstrates that women bring multiple perspectives to their roles

By Hester Peirce
Finra bars ex-Wells Fargo Advisors broker who just lost arbitration over loan
REGULATION AND LEGISLATION NOV 16, 2018
Finra bars ex-Wells Fargo Advisors broker who just lost arbitration over loan

Terrence R. Puricelli was fired in 2016 over concerns of the accuracy of notes in the firm's system.

By Bruce Kelly
Thanksgiving turkeys are shrinking
INDUSTRY NEWS NOV 16, 2018
Thanksgiving turkeys are shrinking

Smaller birds for the holiday feast are another thing being blamed on millennials.

By Bloomberg