Advisor News

Displaying 26679 results
Wells Fargo duo managing $305 million goes indie with LPL
INDEPENDENT BROKER DEALERS SEP 13, 2021
Wells Fargo duo managing $305 million goes indie with LPL

David Crossan and John Stephens Jr. set up shop in Manahawkin and Manchester on the New Jersey shore.

By InvestmentNews
Democrats slim Biden tax plan
REGULATION AND LEGISLATION SEP 13, 2021
Democrats slim Biden tax plan

In an attempt to appeal to moderates, House Democrats have proposed a package of tax increases that would raise the top rate on capital gains from 20% to 25%, instead of the 39.6% that Biden proposed.

By Bloomberg
20 years of resilience
REGULATION AND LEGISLATION SEP 13, 2021
20 years of resilience

The financial sector is in a much better place than it was 20 years ago, thanks to proactive safeguards that were put in place to protect the assets of millions of investors in the wake of the 9/11 attacks.

By InvestmentNews
Ruppert to succeed Havlik as Finra’s supervision chief
REGULATION AND LEGISLATION SEP 10, 2021
Ruppert to succeed Havlik as Finra’s supervision chief

Bari Havlik, who's retiring, created a single national examination and risk monitoring program during her stint as Finra's top cop.

By InvestmentNews
How online trading apps are changing the market
FINTECH SEP 10, 2021
How online trading apps are changing the market

The 6 million people who downloaded trading apps in January alone represent a new breed of retail investor that is younger, earns a lower income and is more racially diverse than any investment cohort the industry has seen.

By Sean Allocca
Wells Fargo taps senior female executive for new wealth management role
PRACTICE MANAGEMENT SEP 10, 2021
Wells Fargo taps senior female executive for new wealth management role

Heather Hunt-Ruddy previously held the role of head of business development and is remembered by some financial advisers for an apt analogy about Tater Tots.

By Bruce Kelly
Wells Fargo fined $250 million over consumer missteps
WIREHOUSES SEP 10, 2021
Wells Fargo fined $250 million over consumer missteps

The Office of the Comptroller of the Currency cited deficiencies in the bank's home-lending business and said it violated a 2018 order tied to past problems.

By Bloomberg
House committee approves auto-IRA legislation
RETIREMENT PLANNING SEP 10, 2021
House committee approves auto-IRA legislation

Two Democrats joined all Republicans on the panel in opposing the measure, which is designed to expand workplace retirement savings and would impose a tax on businesses that don't set up plans.

By Mark Schoeff Jr.
Mobile apps teach college students to tackle spending habits — and debt
OPINION SEP 10, 2021
Mobile apps teach college students to tackle spending habits — and debt

With students facing significant debt when they graduate, financial service providers can use technology to create a sense of empowerment around financial management for young adults.

By Ashley Dahl
UK experience suggests small-business plan mandate works
RETIREMENT PLANNING SEP 09, 2021
UK experience suggests small-business plan mandate works

Most employers find administration of a retirement plan to be ‘easy,’ and participation in retirement plans rises significantly.

By InvestmentNews
Merrill spiffs up broker workstation, adds client banking information
FINTECH SEP 09, 2021
Merrill spiffs up broker workstation, adds client banking information

The change in the broker workstation is part of a broad effort, dubbed internally Project Thunder, to make work life a little bit easier and more comfortable for Merrill's advisers.

By Bruce Kelly
Rocket Dollar IRA platform raises $8 million
RETIREMENT PLANNING SEP 09, 2021
Rocket Dollar IRA platform raises $8 million

The Series A funding round aims to increase the use of alternatives such as real estate and private equities in retirement accounts.

By InvestmentNews
Mariner Wealth Advisors extends PE-backed buying spree
RIA NEWS SEP 09, 2021
Mariner Wealth Advisors extends PE-backed buying spree

The addition of The Pinnacle Group, a $600 million Ohio-based RIA, marks the fifth deal by Mariner since it partnered with private equity investor Leonard Green & Partners in April.

By Jeff Benjamin
Fund industry wants lower fees for document delivery
MUTUAL FUNDS SEP 09, 2021
Fund industry wants lower fees for document delivery

The Investment Company Institute says 25 cents per emailed document is excessive and hurts investors. Broadridge, a fintech firm that sends most proxies and other material to fund shareholders, asserts its system reduces costs for investors.

By Mark Schoeff Jr.
Northwestern rep overseeing $380 million goes indie with LPL
INDEPENDENT BROKER DEALERS SEP 09, 2021
Northwestern rep overseeing $380 million goes indie with LPL

John Vande Bossche leads the six-person team in Anaheim, California, that includes his wife, son and daughter.

By InvestmentNews
J.P. Morgan, AIG to offer annuity tool for 401(k) plans
RETIREMENT PLANNING SEP 09, 2021
J.P. Morgan, AIG to offer annuity tool for 401(k) plans

SmartRetirement Plus will pair J.P. Morgan's target-date funds with AIG's IncomEdge Control annuity to meet the needs of plan participants who would like to receive regular monthly income in retirement.

By InvestmentNews
Coinbase threat demonstrates Gensler's focus on taming crypto
ALTERNATIVES SEP 08, 2021
Coinbase threat demonstrates Gensler's focus on taming crypto

The agency has said that it will sue the exchange if Coinbase lets customers earn interest on their digital tokens.

By Bloomberg
Fight over DC participants tests advisers' partnerships with providers
RETIREMENT PLANNING SEP 08, 2021
Fight over DC participants tests advisers' partnerships with providers

Providers cannot hope to create a sales force that competes with the 25,000 RPA specialists and hundreds of thousands of RIAs that dabble. But once the plan is sold, who has the right and ability to monetize the participants?

By Fred Barstein
Embedded investing and why it works
OPINION SEP 08, 2021
Embedded investing and why it works

Professionally managed portfolios that are accessible inside of consumer apps will give consumers their first taste of investing via a long-term-focused offer — perhaps coupled with education and bite-sized planning.

By Dani Fava
AssetMark adds a dozen SMAs to the platform
FINTECH SEP 08, 2021
AssetMark adds a dozen SMAs to the platform

The turnkey asset management platform is working to help advisers meet the growing demand from clients for access and personalization via different investment options.

By Nicole Casperson