Advisor News

Displaying 26699 results
One size does not fit all: Finding the right ESG investments for wealthy clients
OPINION JUN 15, 2022
One size does not fit all: Finding the right ESG investments for wealthy clients

The key is to ask the right questions to develop a custom strategy aligned with the client’s goals rather than making assumptions.

By David Mann
Billion-dollar Merrill team goes indie with Sanctuary
WIREHOUSES JUN 14, 2022
Billion-dollar Merrill team goes indie with Sanctuary

The four advisers are setting up shop as SkyPath Private Wealth in Summit, New Jersey.

By InvestmentNews
Senate committee approves comprehensive retirement savings bill   
RETIREMENT PLANNING JUN 14, 2022
Senate committee approves comprehensive retirement savings bill   

The unanimous voice vote adds to momentum for Congress to pass SECURE 2.0 by the end of the year.

By Mark Schoeff Jr.
AssetMark buys $9.5 billion TAMP business from Vestmark
RIA NEWS JUN 14, 2022
AssetMark buys $9.5 billion TAMP business from Vestmark

The deal for Adhesion expands AssetMark’s ability to serve the RIA market.

By Ryan W. Neal
Wells Fargo to focus on indie B-D business. For real
INDEPENDENT BROKER DEALERS JUN 14, 2022
Wells Fargo to focus on indie B-D business. For real

Wells Fargo's IBD, FiNet, hasn't been 'a growth priority' for the wirehouse. Now it is. How has the strategy changed?

By Bruce Kelly
Weiss Asset Management settles with SEC for $6.9 million
REGULATION AND LEGISLATION JUN 14, 2022
Weiss Asset Management settles with SEC for $6.9 million

The Boston-based hedge fund manager was charged with violating short-sale rules in seven public offerings.

By InvestmentNews
Senate committee poised to vote on retirement savings bill
RETIREMENT PLANNING JUN 13, 2022
Senate committee poised to vote on retirement savings bill

The measure is likely to become part of a larger Senate counterpart to the comprehensive retirement savings bill known as SECURE 2.0 that was approved in the House earlier this year.

By Mark Schoeff Jr.
SEC hits Schwab robo-adviser with $187 million fine
FINTECH JUN 13, 2022
SEC hits Schwab robo-adviser with $187 million fine

Charles Schwab Corp. has agreed to pay $187 million to settle charges from the Securities and Exchange Commission that the discount brokerage did not disclose how its robo-adviser used large cash holdings in client portfolios to generate revenue.

By Ryan W. Neal
As markets slide, more advisers are sending clients to I bonds
RIA NEWS JUN 13, 2022
As markets slide, more advisers are sending clients to I bonds

Investing in the Treasury-backed inflation hedge comes with a few challenges, but the 9.62% yield is seen as worth the effort.

By Jeff Benjamin
LPL sniffing around Philly broker-dealer: Report
INDEPENDENT BROKER DEALERS JUN 13, 2022
LPL sniffing around Philly broker-dealer: Report

Boenning & Scattergood is nearing an expected restructuring and may sell its wealth management business, according to the Philadelphia Inquirer.

By Bruce Kelly
Recession fears spark retirement planners to action
RETIREMENT PLANNING JUN 13, 2022
Recession fears spark retirement planners to action

As expectations of an economic slowdown grow, retirement planners are already feeling the impact.

By Gregg Greenberg
The latest in financial #AdviserTech — June 2022
FINTECH JUN 13, 2022
The latest in financial #AdviserTech — June 2022

This month’s #AdviserTech roundup looks at Tifin’s latest founding round, Snappy Kraken’s acquisition of Advisor Websites and Lumiant’s new solution for engaging the less-engaged spouse.

By Michael Kitces
Goldman faces SEC probe of ESG funds
RIA NEWS JUN 11, 2022
Goldman faces SEC probe of ESG funds

The agency is reportedly looking into whether some of the investments for mutual funds offered by Goldman's asset management unit are in breach of ESG metrics promised in the marketing materials.

By Bloomberg
Fintech Bytes: Prudential, Riskalyze and Future Proof Festival
FINTECH JUN 10, 2022
Fintech Bytes: Prudential, Riskalyze and Future Proof Festival

A roundup of the rest of the week's fintech headlines.

By Ryan W. Neal
Wall Street and the SEC headed for clash on commission-free trading
REGULATION AND LEGISLATION JUN 10, 2022
Wall Street and the SEC headed for clash on commission-free trading

SEC Chair Gary Gensler argues the U.S. equities market is littered with hidden costs and conflicts of interest.

By Bloomberg
FS Investments exec Michael Gerber joins federal retirement plan board
RETIREMENT PLANNING JUN 10, 2022
FS Investments exec Michael Gerber joins federal retirement plan board

Gerber will help oversee the Thrift Savings Plan, a defined-contribution program for 6.2 million federal workers that is now offering ESG options.

By Mark Schoeff Jr.
Judge tosses class-action complaint against Schwab robo-adviser
FINTECH JUN 10, 2022
Judge tosses class-action complaint against Schwab robo-adviser

A Northern California District Court judge dismissed a class-action lawsuit alleging Charles Schwab’s Intelligent Portfolios violated its fiduciary duty by over-investing clients in cash.

By Ryan W. Neal
Finra suspends, fines broker who flubbed Covid relief loan application
PRACTICE MANAGEMENT JUN 10, 2022
Finra suspends, fines broker who flubbed Covid relief loan application

Tameem Habib applied for the loan without telling his firm, J.P. Morgan Securities, that he had an outside business.

By Bruce Kelly
SEC’s ESG integration proposals divide industry
REGULATION AND LEGISLATION JUN 10, 2022
SEC’s ESG integration proposals divide industry

US SIF Forum hears naming restrictions and disclosures for ESG dabblers are up for debate.

By Emile Hallez
The bedrock of client experience
OPINION JUN 10, 2022
The bedrock of client experience

While clients tend to be loyal to their advisers, enhancing the firm's client experience is a way of ensuring they stay.

By Aubrey Macklin