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Elad Roisman confirmed by Senate for SEC seat
REGULATION AND LEGISLATION SEP 05, 2018
Elad Roisman confirmed by Senate for SEC seat

Republican replaces Michael Piwowar, puts panel at full strength for now

By Mark Schoeff Jr.
JPMorgan Chase reaches settlement in race case
PRACTICE MANAGEMENT SEP 04, 2018
JPMorgan Chase reaches settlement in race case

The largest U.S. bank agrees to pay $19.5 million to members of class-action lawsuit alleging racial discrimination that's 'uniform and national in scope'

By Bloomberg
House Republicans hit pause button on tax-reform legislation
REGULATION AND LEGISLATION SEP 04, 2018
House Republicans hit pause button on tax-reform legislation

Fears of antagonizing voters ahead of mid-term elections prompts GOP lawmakers to reconsider vote on bill.

By Bloomberg
Live Oak Bank starts its own RIA
RIAS SEP 04, 2018
Live Oak Bank starts its own RIA

North Carolina bank, which makes loans to RIAs, launches Live Oak Private Wealth with $400 million under management

By Jeff Benjamin
Open MEPs would be game-changer for 401(k) advisers
RETIREMENT PLANNING SEP 04, 2018
Open MEPs would be game-changer for 401(k) advisers

Advisers could leverage these retirement plans to reduce cost, administration and fiduciary liability for clients, and eventually use them as a branding opportunity.

By Greg Iacurci
Millionaire boom in Asia pushes highest rate hike in decade for wealth managers
INDUSTRY NEWS SEP 04, 2018
Millionaire boom in Asia pushes highest rate hike in decade for wealth managers

Those willing to jump to rival are seeing increases of 30% or more in Hong Kong and Singapore.

By Bloomberg
Securities America snags $650 million hybrid from LPL
RIAS SEP 04, 2018
Securities America snags $650 million hybrid from LPL

Patriot Financial Group has 33 advisers operating in Massachusetts, Rhode Island and Connecticut.

By Bloomberg
Fidelity sees two zero-fee index funds rake in almost $1 billion in first month
INDUSTRY NEWS SEP 04, 2018
Fidelity sees two zero-fee index funds rake in almost $1 billion in first month

The Fidelity Zero Total Market Index Fund attracted $753.5 million, while the Fidelity Zero International Index Fund drew in $234.2 million.

By Bloomberg
Massachusetts Financial Services fined $1.9 million by SEC for false advertisement
REGULATION AND LEGISLATION SEP 04, 2018
Massachusetts Financial Services fined $1.9 million by SEC for false advertisement

The firm advertised the superiority of a hypothetical portfolio that used back-tested quantitative research.

By Bloomberg
With history as a guide, September puts advisers on notice
RIAS SEP 04, 2018
With history as a guide, September puts advisers on notice

'Banana peel month' has seen some big market slips

By Jeff Benjamin
Stifel lands financial advisers from UBS, Merrill Lynch, Wells Fargo Advisors
INDUSTRY NEWS SEP 04, 2018
Stifel lands financial advisers from UBS, Merrill Lynch, Wells Fargo Advisors

The three financial advisers managed $520 million in client assets.

By Sarah Min
Under a cloud at Merrill Lynch, two brokers find new home at giant hybrid
INDUSTRY NEWS SEP 04, 2018
Under a cloud at Merrill Lynch, two brokers find new home at giant hybrid

The two were part of four teams signed by Stratos Wealth Network.

By Bruce Kelly
Janney lands $445 million team from Wells Fargo Advisors
INDUSTRY NEWS SEP 04, 2018
Janney lands $445 million team from Wells Fargo Advisors

The five professionals will join Janney in its offices in Connecticut and New York.

By Bloomberg
Apex will soon custody cryptocurrency assets
RIAS SEP 04, 2018
Apex will soon custody cryptocurrency assets

Online brokerages and digital advisers using Apex will be able to open accounts to buy and trade bitcoin for clients.

By Ryan W. Neal
Three disruptions reshaping fixed-income markets
FIXED INCOME SEP 04, 2018
Three disruptions reshaping fixed-income markets

Explosion in the amount of market data available will increase the role of technology in bond investing.

By Bloomberg
RETIREMENT PLANNING SEP 01, 2018
Drawing down assets from a portfolio need not be tough

But asset managers and insurers are shortchanging viable solutions.

By Philip Chao
FINTECH SEP 01, 2018
Are schools adequately preparing next-gen advisers?

Though degree programs for financial planning have made gains, professors, students and advisers suggest areas for improvement.

By Greg Iacurci
RETIREMENT PLANNING SEP 01, 2018
403(b) sponsors finding success beating back lawsuits

With 20 cases filed against them in court, many have obtained dismissals.

By Jason C. Roberts and Dean Scoular
Retirement plans see rise in cyberattacks
OPINION SEP 01, 2018
Retirement plans see rise in cyberattacks

Threats pose new risks for fiduciaries of employer-sponsored plans.

By Stephen M. Saxon
Consolidation of record keepers for 401(k) plans 'worrisome'
RETIREMENT PLANNING SEP 01, 2018
Consolidation of record keepers for 401(k) plans 'worrisome'

Some advisers fear a reduced pool to service small or complex plans will result.

By Greg Iacurci