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Goldman Sachs considers selling part of wealth business
RIAS AUG 21, 2023
Goldman Sachs considers selling part of wealth business

Potential sale of RIA unit comes with CEO David Solomon’s acumen and character under the spotlight.

By InvestmentNews
Social Security’s crucial role shadowed by new doubts
RETIREMENT PLANNING AUG 21, 2023
Social Security’s crucial role shadowed by new doubts

Crisis of confidence in the program is prompting many to claim benefits early.

By Mary Beth Franklin
Why ESG is hard to sell to many advisors
PRACTICE MANAGEMENT AUG 21, 2023
Why ESG is hard to sell to many advisors

The term is used and misused to the extent that it has lost meaning — but it's not going away, and it could be a mistake to ignore it.

By Emile Hallez
Which Wall Street firm could be about to break up high-profit unit?
INDUSTRY NEWS AUG 21, 2023
Which Wall Street firm could be about to break up high-profit unit?

Major firm reportedly considering restructuring one of its key operations.

By Bloomberg
Wealth and asset firms expect US recession, weakened industry growth
INDUSTRY NEWS AUG 21, 2023
Wealth and asset firms expect US recession, weakened industry growth

Dual-industry surveys reveal some big challenges ahead.

By Steve Randall
SEC races clock to keep rules out of congressional kill zone
REGULATION AND LEGISLATION AUG 21, 2023
SEC races clock to keep rules out of congressional kill zone

Regulations that go final during the summer or later in an election year can be vulnerable to a procedure that lets the new Congress disapprove rules approved during the previous Congress.

By Mark Schoeff Jr.
Tsunami of new rules bears down on advisors
RIAS AUG 21, 2023
Tsunami of new rules bears down on advisors

With the SEC preparing to approve a number of major proposals next year, firms face added costs and a huge amount of compliance work.

By Mark Schoeff Jr.
Preparing for clients’ cognitive decline
RETIREMENT PLANNING AUG 21, 2023
Preparing for clients’ cognitive decline

Financial advisors often find themselves on the front lines of an effort to protect clients’ lifetime savings and investments from the consequences of impaired mental capacity.

By InvestmentNews
Mega-cap tech stocks post longest losing streak of 2023
INDUSTRY NEWS AUG 21, 2023
Mega-cap tech stocks post longest losing streak of 2023

Investors remain concerned about tighter policy amid stubborn inflation.

By Bloomberg
Bond bulls at JPMorgan, Allianz staying the course despite pain
INDUSTRY NEWS AUG 21, 2023
Bond bulls at JPMorgan, Allianz staying the course despite pain

Loading up on government bonds hasn't paid off, yet.

By Bloomberg
Grantham: 'Fed almost guaranteed to be wrong' on recession
INDUSTRY NEWS AUG 21, 2023
Grantham: 'Fed almost guaranteed to be wrong' on recession

Veteran investor Jeremey Grantham says the central bank is kidding itself if it thinks the economy will stay positive.

By Bloomberg
"Anti-ESG" investment firm hit with lawsuits
INDUSTRY NEWS AUG 21, 2023
"Anti-ESG" investment firm hit with lawsuits

GOP presidential hopeful also named as defendent.

By Matthew Sellers
Supporting the Sandwich Generation
INDUSTRY NEWS AUG 21, 2023
Supporting the Sandwich Generation

Join retirement expert Mary Beth Franklin and experts from Athene and Whealthcare Solutions as they focus on understanding the unique multi-generational challenges your clients can face.

By Athene
'Personal affinity' spurs advisor to help Maui wildfire recovery
INDUSTRY NEWS AUG 18, 2023
'Personal affinity' spurs advisor to help Maui wildfire recovery

A Wealthspire advisor launches campaign that has so far raised $30,000 for the island.

By Mark Schoeff Jr.
RBC snags giant $5.5 billion team from UBS in Atlanta
PRACTICE MANAGEMENT AUG 18, 2023
RBC snags giant $5.5 billion team from UBS in Atlanta

The ESOP Group, founded in 1989, specializes in working with business owners on the sale of their businesses.

By Bruce Kelly
Largest federal union backs O'Malley for Social Security commissioner
REGULATION AND LEGISLATION AUG 18, 2023
Largest federal union backs O'Malley for Social Security commissioner

The AFGE represents 43,000 employees of the Social Security Administration.

By Gregg Greenberg
US poised to greenlight new wave of crypto ETFs in the fall
ALTERNATIVES AUG 18, 2023
US poised to greenlight new wave of crypto ETFs in the fall

Unnamed SEC sources signal the regulator is considering approval of new funds.

By Bloomberg
Market performance pushes DB pension plans further into positive territory
INDUSTRY NEWS AUG 18, 2023
Market performance pushes DB pension plans further into positive territory

Milliman reports a further rise in defined-benefit plans' funded ratio.

By Steve Randall
Almost half of student loan debtors want more help to ease 'national crisis'
INDUSTRY NEWS AUG 18, 2023
Almost half of student loan debtors want more help to ease 'national crisis'

Even among those without outstanding education borrowing, a sizable share say it's a crisis.

By Steve Randall
Advisors shouldn't talk to clients about aging, most don't like it
RETIREMENT PLANNING AUG 18, 2023
Advisors shouldn't talk to clients about aging, most don't like it

Growing old ain't what it used to be, and neither is retirement planning.

By Steve Randall