Advisor News

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Retirement saving at new high thanks to automatic enrollment
RETIREMENT PLANNING JUN 16, 2023
Retirement saving at new high thanks to automatic enrollment

Vanguard's annual retirement report showed auto enrollment removes a barrier to entry for employees saving for retirement.

By Gregg Greenberg
Financial wellness still has room for improvement, younger workers say
RETIREMENT PLANNING JUN 16, 2023
Financial wellness still has room for improvement, younger workers say

Only 24% of young adults strongly agree that their employer has policies or structures in place to support work-life balance.

By Gregg Greenberg
Justice Department and SEC probe Goldman role in SVB
REGULATION AND LEGISLATION JUN 16, 2023
Justice Department and SEC probe Goldman role in SVB

Regulators are looking at Goldman Sachs' role in Silicon Valley Bank's efforts to raise funds shortly before it collapsed in March.

By Bloomberg
Schwab account migration reminds us why Twitter whining should be taken lightly
FINTECH JUN 15, 2023
Schwab account migration reminds us why Twitter whining should be taken lightly

Both TD Ameritrade and Schwab have been busy addressing migration concerns, but a little perspective would be useful here.

By Ryan W. Neal
Bill restricting ESG passes in North Carolina
REGULATION AND LEGISLATION JUN 15, 2023
Bill restricting ESG passes in North Carolina

The measure, which could survive the governor's veto, would still allow ESG factors that are 'pecuniary.'

By Emile Hallez
Betterment adds 529 plans to workplace benefits offering
FINTECH JUN 15, 2023
Betterment adds 529 plans to workplace benefits offering

The new partnership with Ascensus is the robo-advisor's second foray into college savings plans.

By Ryan W. Neal
Seniors take $28.3 billion hit annually from financial exploitation, AARP finds
REGULATION AND LEGISLATION JUN 15, 2023
Seniors take $28.3 billion hit annually from financial exploitation, AARP finds

Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.

By Mark Schoeff Jr.
Cetera CEO Antoniades: 'I'm not going anywhere'
RIA NEWS JUN 15, 2023
Cetera CEO Antoniades: 'I'm not going anywhere'

Regardless, plenty of questions remain about the future of the long-time Cetera executive.

By Bruce Kelly
ESG risks facing biopharmaceutical firms
OPINION JUN 15, 2023
ESG risks facing biopharmaceutical firms

Pricing, product governance and legal liabilities are some of the factors to consider when assessing drug companies.

By Karen Andersen
LPL adds Royal Alliance team overseeing $230 million in assets
INDEPENDENT BROKER DEALERS JUN 15, 2023
LPL adds Royal Alliance team overseeing $230 million in assets

Lexington, Kentucky-based VFG Wealth Management and Benefit Solutions works with both individuals and small businesses.

By InvestmentNews
Social Security benefits targeted for cuts by House conservatives
RETIREMENT PLANNING JUN 15, 2023
Social Security benefits targeted for cuts by House conservatives

A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.

By Bloomberg
Bottled-up rage: Bud Light and ESG, Part II
OPINION JUN 14, 2023
Bottled-up rage: Bud Light and ESG, Part II

Investors who see risk associated with ESG are in for a surprise.

By Emile Hallez
What exactly does financial wellness mean for employers and workers?
RETIREMENT PLANNING JUN 14, 2023
What exactly does financial wellness mean for employers and workers?

Financial wellness looks and feels different across companies, but all programs should provide employees with the tools and confidence they need to achieve their financial goals.

By Gregg Greenberg
Fed puts a hold on rate hikes after 15 months of increases
RETIREMENT PLANNING JUN 14, 2023
Fed puts a hold on rate hikes after 15 months of increases

The Federal Reserve signaled it would likely resume tightening to cool inflation, projecting more increases than economists and investors expected.

By Bloomberg
Finra considers increasing liquidity requirements for brokerages
REGULATION AND LEGISLATION JUN 14, 2023
Finra considers increasing liquidity requirements for brokerages

The regulator is seeking public comment on a concept proposal that would require member firms to maintain sufficient cash and assets to meet obligations during times of stress.

By Mark Schoeff Jr.
House rep wants to keep China and other 'adversaries' out of 401(k)s
RETIREMENT PLANNING JUN 14, 2023
House rep wants to keep China and other 'adversaries' out of 401(k)s

Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'

By Emile Hallez
Bounce in stocks boosts retirement assets in Q1
RETIREMENT PLANNING JUN 14, 2023
Bounce in stocks boosts retirement assets in Q1

Funds held in individual retirement accounts totaled $12.5 trillion at the end of the first quarter, an increase of 4.3% from the end of 2022.

By Gregg Greenberg
Merit Financial adds LPL veteran Andy Kalbaugh to its board
RIA NEWS JUN 14, 2023
Merit Financial adds LPL veteran Andy Kalbaugh to its board

Kalbaugh will work with the fast-growing wealth management firm's executive leadership on strategic planning.

By Bruce Kelly
The latest in financial #AdvisorTech — June 2023
FINTECH JUN 14, 2023
The latest in financial #AdvisorTech — June 2023

This month's highlights include Riskalyze's rebranding as Nitrogen, InvestCloud's executive exodus, Snappy Kraken's launch of an outsourced marketing service, and Lumiant's acquisition of health and longevity software Genivity.

By Michael Kitces and Ben Henry-Moreland
How to get started with automation
OPINION JUN 14, 2023
How to get started with automation

There's a fair amount of legwork that needs to happen to get firms to the point where automation is possible.

By Dirk Pearson