Advisor News

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HHS will not readjust Medicare Part B premiums this year
RETIREMENT PLANNING MAY 27, 2022
HHS will not readjust Medicare Part B premiums this year

But it says that Part B premiums are likely to fall in 2023 as a result of cost savings on Aduhelm, a drug to treat Alzheimer's.

By Mary Beth Franklin
Fintech Bytes: iCapital, Morningstar, RIA in a Box
FINTECH MAY 27, 2022
Fintech Bytes: iCapital, Morningstar, RIA in a Box

For some additional reading material in between cookouts and baseball games this weekend, here are the rest of the week’s adviser fintech headlines.  

By Ryan W. Neal
Senate HELP Committee introduces draft retirement savings bill
RETIREMENT PLANNING MAY 27, 2022
Senate HELP Committee introduces draft retirement savings bill

The measure will provide part of the foundation for the Senate companion bill to SECURE 2.0, which the House approved in March.

By Mark Schoeff Jr.
Promises of student debt forgiveness put advisers in uncharted territory
RIA NEWS MAY 27, 2022
Promises of student debt forgiveness put advisers in uncharted territory

The moving target of potential debt forgiveness, coupled with an extended payment moratorium, has advisers reading the political tea leaves for direction.

By Jeff Benjamin
After latest deal, Advisor Group debt is stable but still 'highly speculative': Fitch
ALTERNATIVES MAY 27, 2022
After latest deal, Advisor Group debt is stable but still 'highly speculative': Fitch

Fitch Ratings noted that the rating affirmation reflected Advisor Group's "improving scale as one of the largest independent financial advisers in the U.S."

By Bruce Kelly
Is now the perfect time for retirees to consider a reverse mortgage?
RETIREMENT PLANNING MAY 27, 2022
Is now the perfect time for retirees to consider a reverse mortgage?

With stocks down and home prices up, retirees may want to consider a reverse mortgage for planning purposes.

By Gregg Greenberg
Fintech unicorn Vise partners with Morgan Stanley alum's new RIA aggregator
RIA NEWS MAY 26, 2022
Fintech unicorn Vise partners with Morgan Stanley alum's new RIA aggregator

Vise, a startup that provides advisers with custom indexing and automated portfolio management, is looking to boost growth by partnering with a new RIA aggregator.

By Ryan W. Neal
Alto CEO's IRA advice: Forget 60/40 and add alternatives
RETIREMENT PLANNING MAY 26, 2022
Alto CEO's IRA advice: Forget 60/40 and add alternatives

Eric Satz, founder and CEO of Alto, says investors need to add alternatives to their retirement accounts, especially in the wake of the market’s carnage.

By Gregg Greenberg
Creative Planning, Schwab, Fidelity fighting adviser's collusion charges
RIA NEWS MAY 26, 2022
Creative Planning, Schwab, Fidelity fighting adviser's collusion charges

The firms named in the adviser's complaint go to 'corrupt and malicious lengths ... to keep their illicit profit mill churning,' according to the lawsuit.

By Bruce Kelly
SEC Chair Gensler defends ESG proposals to skeptical ICI conference
REGULATION AND LEGISLATION MAY 26, 2022
SEC Chair Gensler defends ESG proposals to skeptical ICI conference

The agency’s goal is to give investors more and better information so that they can determine whether companies and investment funds are living up to their ESG promises, the SEC chief said.

By Mark Schoeff Jr.
Choosing between survivor and divorced spouse's benefits
RETIREMENT PLANNING MAY 25, 2022
Choosing between survivor and divorced spouse's benefits

Age, work status and benefit amounts dictate which Social Security benefit to claim first.

By Mary Beth Franklin
'Boomerang' kids putting parents' retirement at risk
RETIREMENT PLANNING MAY 25, 2022
'Boomerang' kids putting parents' retirement at risk

Thirty-five percent of parents with adult children living at home have compromised their own savings or long-term goals, like retirement or housing, to financially help their kids, a Thrivent study shows.

By Gregg Greenberg
SEC presses on with anti-greenwashing proposals
REGULATION AND LEGISLATION MAY 25, 2022
SEC presses on with anti-greenwashing proposals

The agency proposed a set of rule changes related to fund names and ESG disclosures made by advisers and investment providers.

By Emile Hallez
Ameriprise unit to pay $5 million to settle SEC charges over VA sales
LIFE INSURANCE AND ANNUITIES MAY 25, 2022
Ameriprise unit to pay $5 million to settle SEC charges over VA sales

The firm's staff encouraged Ameriprise registered reps to offer clients the chance to swap their current variable annuity for a more expensive one.

By Mark Schoeff Jr.
Helping suddenly rich clients stay that way
PRACTICE MANAGEMENT MAY 25, 2022
Helping suddenly rich clients stay that way

Morgan Stanley's private wealth management trains advisers to guide their clients through the peaks and valleys of first-generation wealth.

By Jeff Benjamin
Milliman adds emergency savings program to offering
RETIREMENT PLANNING MAY 25, 2022
Milliman adds emergency savings program to offering

Through SecureSave’s platform, employees can receive matched contributions from their employer.

By InvestmentNews
Don't let an off-kilter tech stack crumble a deal
OPINION MAY 25, 2022
Don't let an off-kilter tech stack crumble a deal

Technology has become a deciding factor in today’s M&A, so if you're preparing a firm for acquisition, it’s clear that tech is where you want to make that strategic investment.

By Doug Fritz
SEC charges TradeZero America with deceiving customers
REGULATION AND LEGISLATION MAY 25, 2022
SEC charges TradeZero America with deceiving customers

Co-founder Daniel Pipitone allegedly fibbed about allowing purchases of meme stocks.

By InvestmentNews
Surveys show Americans prefer retirement planners, lack plans
RETIREMENT PLANNING MAY 25, 2022
Surveys show Americans prefer retirement planners, lack plans

Retirement income planning is the service most sought after by both older and younger consumers, according to a survey by the Granum Center for Financial Security.

By Gregg Greenberg
Bill Winterberg returns to adviser fintech at AdvicePay
FINTECH MAY 25, 2022
Bill Winterberg returns to adviser fintech at AdvicePay

Winterberg will serve as vice president of financial planning growth at AdvicePay, the fee-payment-process technology created by XY Planning co-founders Michael Kitces and Alan Moore.

By Ryan W. Neal