Advisor News

Displaying 26737 results
SEC delays decision on ARK bitcoin ETF filing
ALTERNATIVES AUG 11, 2023
SEC delays decision on ARK bitcoin ETF filing

As the SEC puts off deciding on spot bitcoin ETF, 21Shares and ARK file for a fund that would invest in bitcoin futures.

By Bloomberg
Goodbye, Royal Alliance. Hello, Osaic Wealth
RIA NEWS AUG 11, 2023
Goodbye, Royal Alliance. Hello, Osaic Wealth

The Royal Alliance name and brand had been around since 1989.

By Bruce Kelly
Investing in courtroom outcomes is forecast to be a $24 billion industry in 5 years
ALTERNATIVES AUG 11, 2023
Investing in courtroom outcomes is forecast to be a $24 billion industry in 5 years

The litigation funding investment market js set for strong gains according to a new report.

By Steve Randall
Cooling inflation points to 3% Social Security COLA for 2024
RETIREMENT PLANNING AUG 10, 2023
Cooling inflation points to 3% Social Security COLA for 2024

While prices for some essentials continue to increase, it's likely that the cost-of-living adjustment will be much lower than 2023's.

By Emile Hallez
Cetera closes deal for Securian wealth business
INDEPENDENT BROKER DEALERS AUG 10, 2023
Cetera closes deal for Securian wealth business

The acquisition brings Cetera nearly $50 billion in client assets and more than 91% of Securian’s advisors.

By InvestmentNews
Vanguard Charitable notches year of record giving despite market turmoil
RETIREMENT PLANNING AUG 10, 2023
Vanguard Charitable notches year of record giving despite market turmoil

In fiscal 2023, grants were up 11%, surpassing $2 billion, according to the sponsor of donor-advised funds.

By Gregg Greenberg
Is it time for advisors to dump AI stocks?
FINTECH AUG 10, 2023
Is it time for advisors to dump AI stocks?

AI stocks are down 2% in the past week, leading advisors and portfolio managers to debate whether the sector’s best days are behind it.

By Gregg Greenberg
In CEO race, Morgan Stanley hopes for drama-free handoff
PRACTICE MANAGEMENT AUG 10, 2023
In CEO race, Morgan Stanley hopes for drama-free handoff

Outgoing CEO Gorman wants an outcome in which the rejected finalists stay with the firm.

By Bloomberg
Former school teacher joins LPL Financial's employee advisor channel
INDEPENDENT BROKER DEALERS AUG 10, 2023
Former school teacher joins LPL Financial's employee advisor channel

Brendan Wood has managed approximately $130M in assets, most recently with Merrill Lynch.

By Steve Randall
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails
RETIREMENT PLANNING AUG 10, 2023
Pension fund shareholder suit against Dimon, JPMorgan Chase board fails

Judge rules on Epstein-related lawsuit.

By Matthew Sellers
Wall Street girds for what's next in WhatsApp probe
FINTECH AUG 09, 2023
Wall Street girds for what's next in WhatsApp probe

Regulators have quizzed more than a dozen other firms about the use of unofficial channels like WhatsApp.

By Bloomberg
Nuveen and TIAA roll out target-date series with annuity feature
RETIREMENT PLANNING AUG 09, 2023
Nuveen and TIAA roll out target-date series with annuity feature

Few 401(k) plans have such features, but product providers expect that to change.

By Emile Hallez
Worried about Social Security running out of money, many plan to take benefits early
RETIREMENT PLANNING AUG 09, 2023
Worried about Social Security running out of money, many plan to take benefits early

Only 10% of non-retired Americans plan to wait until they're 70 to receive the maximum Social Security payment, Schroders survey finds.

By Ryan W. Neal
Why I stepped aside as CEO of Allworth
OPINION AUG 09, 2023
Why I stepped aside as CEO of Allworth

I’m not retiring nor am I leaving – I’m moving into a position that more closely aligns with my skill sets and passions.

By Scott Hanson
Don’t fear the inverted yield curve
OPINION AUG 09, 2023
Don’t fear the inverted yield curve

The most direct implication of the inverted curve isn't a recession, but that yields will be lower in the future.

By Gautam Khanna
Building a strong culture to inspire your team
OPINION AUG 09, 2023
Building a strong culture to inspire your team

As a practice grows, it's harder to make sure that everyone on the team understands what's important to the firm.

By Kristine McManus
Average 401(k) balances are up from last year, but so are hardship withdrawals
RETIREMENT PLANNING AUG 09, 2023
Average 401(k) balances are up from last year, but so are hardship withdrawals

BofA report paints two conflicting pictures of the state of retirement savings in 2023.

By Steve Randall
Merrill Lynch $320M AUM team goes independent in Texas
INDEPENDENT BROKER DEALERS AUG 09, 2023
Merrill Lynch $320M AUM team goes independent in Texas

Veritas Legacy Wealth launches with support from LPL Financial's Strategic Wealth Services.

By Steve Randall
Lawsuit over ESG in 401(k) not cleared for takeoff, American Airlines says
RETIREMENT PLANNING AUG 08, 2023
Lawsuit over ESG in 401(k) not cleared for takeoff, American Airlines says

ESG-themed funds named in the case are only available through a brokerage window, the defendant noted.

By Emile Hallez
Wedbush wealth management had 'pervasive' texting problems: SEC
FINTECH AUG 08, 2023
Wedbush wealth management had 'pervasive' texting problems: SEC

Wedbush staff members sent and received messages related to providing investment advice to the firm's clients, according to the SEC.

By Bruce Kelly