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Are 401(k)s the ultimate retirement plan?
RETIREMENT PLANNING MAR 28, 2024
Are 401(k)s the ultimate retirement plan?

Advisors weigh in on the impact the DOL’s retirement security rule will have on 401(k) plans and retirement.

By Josh Welsh
Raymond James signs $243M advisor from Wells Fargo
BROKER DEALERS MAR 28, 2024
Raymond James signs $243M advisor from Wells Fargo

The industry veteran with two decades of experience will reinforce the brokerage firm's presence in Tennessee.

By Leo Almazora
Omaha senior loses thousands to Dave Ramsey impostor
INDUSTRY NEWS MAR 28, 2024
Omaha senior loses thousands to Dave Ramsey impostor

A scammer lured the 72-year-old into a fraudulent bitcoin investment by spoofing the advisor-cum-radio show host’s website.

By Leo Almazora
Bankman-Fried gets 25 years in prison for FTX fraud
REGULATION AND LEGISLATION MAR 28, 2024
Bankman-Fried gets 25 years in prison for FTX fraud

'There is a risk that this man will be in a position to do something very bad in the future,' the judge says. 'And it’s not a trivial risk. Not a trivial risk at all.'

By Bloomberg
Kestra Financial unveils partnership with $600M firm
ADVISOR MOVES MAR 28, 2024
Kestra Financial unveils partnership with $600M firm

Based in New York, the multigenerational HNW practice expects to build on its meteoric growth record while elevating its service offerings.

By Leo Almazora
Wealth Enhancement Group gains ground in Florida
RIAS MAR 28, 2024
Wealth Enhancement Group gains ground in Florida

The firm has acquired a $226 million RIA, landing its 12th office in the Southeastern wealth hot spot.

By Leo Almazora
LPL welcomes $250M team from Wells Fargo
BROKER DEALERS MAR 28, 2024
LPL welcomes $250M team from Wells Fargo

The Brick, New Jersey-based team includes a veteran advisor and two siblings.

By Leo Almazora
B. Riley gets extension to file audited financials
BROKER DEALERS MAR 28, 2024
B. Riley gets extension to file audited financials

The firm has been given until April 29 under its existing credit agreement with Nomura Holdings, it said in a filing.

By Bloomberg
AI is facilitating financial fraud, Treasury warns
REGULATION AND LEGISLATION MAR 28, 2024
AI is facilitating financial fraud, Treasury warns

Advances in artificial intelligence make it easier for criminals to impersonate customers and craft increasingly sophisticated email phishing attacks, according to a report.

By Bloomberg
US investors still willing to trade returns for impact despite declining interest
INDUSTRY NEWS MAR 28, 2024
US investors still willing to trade returns for impact despite declining interest

Impact investing is showing weakness in international markets too.

By Steve Randall
Altruist launches high-yield cash product for advisors
INDUSTRY NEWS MAR 28, 2024
Altruist launches high-yield cash product for advisors

The new product arrives as saving rates and returns are subdued.

By Steve Randall
New records for stocks as quarterly gain approaches
INDUSTRY NEWS MAR 28, 2024
New records for stocks as quarterly gain approaches

Global equities advance but markets await Fed inflation data.

By Bloomberg
No rush to cut rates, says hawkish Fed governor
INDUSTRY NEWS MAR 28, 2024
No rush to cut rates, says hawkish Fed governor

Christopher Waller says recent inflation data have been disappointing.

By Bloomberg
Blackstone CEO bullish on private credit
INDUSTRY NEWS MAR 28, 2024
Blackstone CEO bullish on private credit

Steve Schwarzman eyes healthcare, real estate for expansion.

By Bloomberg
UBS boss gets $16M but bonuses are cut for traders
WIREHOUSES MAR 28, 2024
UBS boss gets $16M but bonuses are cut for traders

Despite challenging conditions, the bank has posted a record profit.

By Bloomberg
Women and CPAs are in focus at RIA Choreo
RIAS MAR 27, 2024
Women and CPAs are in focus at RIA Choreo

"It's smart to align with a proven center of influence, CPAs," an industry consultant says.

By Bruce Kelly
AllianceBernstein 401(k) lawsuit booted
RETIREMENT PLANNING MAR 27, 2024
AllianceBernstein 401(k) lawsuit booted

A court dismissed the case, pointing to the facts that the company waived fees for its participants and didn't really benefit from the assets.

By Emile Hallez
Two-thirds of US savers are leaving interest on the table
INDUSTRY NEWS MAR 27, 2024
Two-thirds of US savers are leaving interest on the table

Despite the proliferation of high-yield savings accounts online, Bankrate survey reveals most Americans are earning less than 4%.

By Leo Almazora
Building wealth with nourishing advice
PRACTICE MANAGEMENT MAR 27, 2024
Building wealth with nourishing advice

‘The possibilities are endless’ if you marry a staple diet of good financial habits with a plan, says entrepreneurial advisor.

By Emily Douglas
The symphony of financial planning
INDUSTRY NEWS MAR 27, 2024
The symphony of financial planning

Pop musician turned advisor on transferring skills from the studio to keeping the ‘personal’ in finance.

By Emily Douglas