Advisor News

Displaying 26713 results
Treasury proposes anti-money laundering rule for financial advisors
REGULATION AND LEGISLATION FEB 14, 2024
Treasury proposes anti-money laundering rule for financial advisors

Should advisors receive a cash prize for catching potential money launderers?

By Gregg Greenberg
Alt managers’ push to advisors hits resistance at some B-Ds
ALTERNATIVES FEB 14, 2024
Alt managers’ push to advisors hits resistance at some B-Ds

‘When I got here in 2016, I had no idea who the alternative investment sponsors were,’ says Jamie Price of Osaic.

By Bruce Kelly
Raymond James adds to talent pool with Morgan Stanley hire
INDEPENDENT BROKER DEALERS FEB 14, 2024
Raymond James adds to talent pool with Morgan Stanley hire

The seasoned advisor brings more than two decades of industry experience.

By Leo Almazora
iCapital expand advisors’ access to alternatives platform
ALTERNATIVES FEB 14, 2024
iCapital expand advisors’ access to alternatives platform

Wealthtech provider opens opportunities for portfolio diversification to more than 350,000 wealth advisors.

By Leo Almazora
On a mission to make the advisory industry more female-friendly
PRACTICE MANAGEMENT FEB 14, 2024
On a mission to make the advisory industry more female-friendly

‘Women are like an afterthought in the industry’, says Cary Carbonaro, of Advisors Capital Management

By Emily Douglas
Deep client relationships drive culture at Advus
RETIREMENT PLANNING FEB 14, 2024
Deep client relationships drive culture at Advus

Mark Lamoriello, CEO of Advus Financial Partners, explains why client relationships not AUM drives his firm.

By Emily Douglas
SEC’s Gensler cautions against overblown claims about AI
FINTECH FEB 13, 2024
SEC’s Gensler cautions against overblown claims about AI

The SEC chair warned companies against 'AI washing' when they talk to investors about their use of the technology.

By Bloomberg
What advisors should consider before participating in awards season
OPINION FEB 13, 2024
What advisors should consider before participating in awards season

Look at the award from the point of view of your clients and prospects before accepting.

By Kristine McManus
EBSA reports $1.4B recovery haul from 2023 enforcement actions
RETIREMENT PLANNING FEB 13, 2024
EBSA reports $1.4B recovery haul from 2023 enforcement actions

The DOL unit closed nearly 200 criminal investigations and recovered more than $840 million through formal enforcement actions.

By Leo Almazora
Target-date funds hit $3.5T in record surge
RETIREMENT PLANNING FEB 13, 2024
Target-date funds hit $3.5T in record surge

Mutual funds narrowly maintained their lead over collective investment trusts, but CITs are growing faster, suggesting a potential shift in leadership this year.

By Leo Almazora
Ex-Oppenheimer advisor sentenced to 8 years for $50M Ponzi scheme
INDEPENDENT BROKER DEALERS FEB 13, 2024
Ex-Oppenheimer advisor sentenced to 8 years for $50M Ponzi scheme

The disgraced advisor fleeced more than 400 investors in a fraudulent 'private equity' fund over a 13-year period.

By Leo Almazora
Edward Jones leads the way in adding CFPs
INDEPENDENT BROKER DEALERS FEB 13, 2024
Edward Jones leads the way in adding CFPs

Other firms that saw big increases in the number of CFP professionals in 2023 included Charles Schwab and Northwestern Mutual.

By Leo Almazora
LPL snaps up 2,400 advisors, $100B in assets with Atria acquisition
INDEPENDENT BROKER DEALERS FEB 13, 2024
LPL snaps up 2,400 advisors, $100B in assets with Atria acquisition

LPL's equity purchase of Atria will cost the firm at least $805 million.

By Bruce Kelly
Foundation Source makes acquisition to boost charitable giving solutions suite
FINTECH FEB 13, 2024
Foundation Source makes acquisition to boost charitable giving solutions suite

Technology firm says the deal will help it provide specialized support to advisors, donors, and non-profits.

By Steve Randall
Student loan debt negatively impacts 401(k) contributions, study reveals
RETIREMENT PLANNING FEB 13, 2024
Student loan debt negatively impacts 401(k) contributions, study reveals

Employee financial wellness programs can help get retirement savings back on track.

By Steve Randall
Succession planning platform Capitaliz names North America president
FINTECH FEB 12, 2024
Succession planning platform Capitaliz names North America president

Jared Johnson joins the exit planning-focused fintech as business owners and financial advisers face a continuity crisis.

By Leo Almazora
Milliman headed to trial over its 401(k)
RETIREMENT PLANNING FEB 12, 2024
Milliman headed to trial over its 401(k)

The case revolves around three collective investment trusts in the plan that were subadvised by the firm.

By Emile Hallez
Alex David jumps to Raymond James from Stifel
INDEPENDENT BROKER DEALERS FEB 12, 2024
Alex David jumps to Raymond James from Stifel

'This appears to be more of a reflection on Stifel,' one industry recruiter says.

By Bruce Kelly
FPA, CFP Board diverge on DOL investment advice proposal
RETIREMENT PLANNING FEB 12, 2024
FPA, CFP Board diverge on DOL investment advice proposal

While the CFP Board supports the proposal, the FPA has expressed concerns about the DOL rule potentially raising compliance costs for members, increasing the cost of advice and reducing access to advice for some.

By Mark Schoeff Jr.
Orion broadens access to high-net-worth investment strategies
FINTECH FEB 12, 2024
Orion broadens access to high-net-worth investment strategies

The fintech provider is strengthening its commitment to fiduciary advisors with expansion to its portfolio solutions platform.

By Leo Almazora