Advisor News

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Captrust adds $873 million Georgia RIA
RIA NEWS JUN 09, 2021
Captrust adds $873 million Georgia RIA

Atlanta-based Stewardship Financial Advisors will be rebranded as Captrust; deal also gives Captrust access to Stewardship's estate planning law firm, which remains a separate entity.

By Jeff Benjamin
3 Social Security do-over options
RETIREMENT PLANNING JUN 09, 2021
3 Social Security do-over options

Here are strategies that can be helpful for clients who have regrets over the timing of their Social Security claiming decision, whether they claimed early rather than holding out for a bigger check or waited longer than necessary.

By Mary Beth Franklin
401(k) provider adds brokerage-window-style access to crypto
RETIREMENT PLANNING JUN 08, 2021
401(k) provider adds brokerage-window-style access to crypto

The service gives 401(k) participants access to 50 different cryptocurrencies that they can buy, trade or sell, according to the 401(k) provider ForUsAll.

By Emile Hallez
Pershing to offer managed accounts platform to all
RIA NEWS JUN 08, 2021
Pershing to offer managed accounts platform to all

Firms can choose to outsource their managed accounts technology as well as their investment advisory solutions, or a combination of both, according to the firm.

By InvestmentNews
Online brokers avoid troubles amid internet outages
FINTECH JUN 08, 2021
Online brokers avoid troubles amid internet outages

The internet outages occurred after servers from content-delivery network Fastly Inc. went down, affecting Amazon, Twitter, PayPal, Spotify, Twitch and CNN, among others.

By Nicole Casperson
Ex-Cetera broker sentenced to 5 years in prison for fraud
INDEPENDENT BROKER DEALERS JUN 08, 2021
Ex-Cetera broker sentenced to 5 years in prison for fraud

The broker David A. Rockwell defrauded a bank when he applied for lines of credit in the names of two clients

By Bruce Kelly
It’s time to add emergency savings to work benefits
OPINION JUN 07, 2021
It’s time to add emergency savings to work benefits

Bipartisan emergency savings legislation would allow employees to withdraw up to $1,000 per year from their workplace retirement account without penalty.

By Eric Stevenson
Answering questions about going RIA
OPINION JUN 07, 2021
Answering questions about going RIA

RIA Summit attendees had more questions about going RIA than panelists had time to answer. Find more answers here.

By Brad Wales
As RIAs evolve, C-suite specialization begins to emerge
OPINION JUN 07, 2021
As RIAs evolve, C-suite specialization begins to emerge

When RIAs add professional managers beyond the founding group of advisers to add professional managers, they can finally achieve the levels of growth and profitability the advisers envisioned upon launching their firm.

By Matt Sonnen
Olympian Apolo Ohno joins Personal Capital wellness campaign
FINTECH JUN 07, 2021
Olympian Apolo Ohno joins Personal Capital wellness campaign

Personal Capital is the latest wealthtech to leverage star power to promote brand awareness via financial wellness marketing campaigns.

By Nicole Casperson
Plans, savers more aware of retirement income, but will demand follow?
RETIREMENT PLANNING JUN 07, 2021
Plans, savers more aware of retirement income, but will demand follow?

Among retirement plan participants, about 90% said they are interested in retirement-income products and that having guaranteed income would be a plus, according to a BlackRock survey.

By Emile Hallez
Finra proposes annual regulatory education
PRACTICE MANAGEMENT JUN 07, 2021
Finra proposes annual regulatory education

The regulator's proposed rule would also allow brokers to leave the industry and maintain their registration longer if they complete continuing education, a move that could benefit women who step away to have families.

By Mark Schoeff Jr.
Aon to sell U.S. retirement business
RETIREMENT PLANNING JUN 07, 2021
Aon to sell U.S. retirement business

Aquiline is buying the unit, while Alight Solutions is buying Aon's Retiree Health Exchange business. The sales are aimed at winning government approval for Aon's merger with Willis Towers Watson.

By InvestmentNews
Blanchett leaves Morningstar to head retirement research at QMA
RETIREMENT PLANNING JUN 07, 2021
Blanchett leaves Morningstar to head retirement research at QMA

His role will involve positioning Prudential’s investment arm for the retirement income challenge.

By InvestmentNews
Business and life lessons from a needle in a haystack
OPINION JUN 07, 2021
Business and life lessons from a needle in a haystack

Asian American leader shares her insight, such as recognizing that you bring something special and unique.

By Michelle Marquez
Yellen says higher interest rates would be ‘plus’ for US, Fed
REGULATION AND LEGISLATION JUN 07, 2021
Yellen says higher interest rates would be ‘plus’ for US, Fed

The Treasury Secretary said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.

By Bloomberg
Time to rethink forced arbitration
OPINION JUN 07, 2021
Time to rethink forced arbitration

Ending mandatory arbitration has become a top priority for consumer advocacy groups, like the Public Investors Advocate Bar Association and others, that claim investors should have the option of laying out their case before a judge or jury.

By SteveParrishJDRICPCLUChFCRHU
SEC removes head of U.S. accounting regulator
REGULATION AND LEGISLATION JUN 04, 2021
SEC removes head of U.S. accounting regulator

Public Company Accounting Oversight Board Chairman William Duhnke will be replaced on an acting basis by board member Duane DesParte, but the SEC says it is looking for candidates to fill all five PCAOB board positions.

By Bloomberg
John Hancock, Lowe's 401(k) settlements each more than $10M
RETIREMENT PLANNING JUN 04, 2021
John Hancock, Lowe's 401(k) settlements each more than $10M

John Hancock and Lowe's are paying millions to settle class-action claims, while a new lawsuit was filed against Northern Trust that rehashes old claims.

By Emile Hallez
Finra resumes in-person arbitration nationwide
REGULATION AND LEGISLATION JUN 04, 2021
Finra resumes in-person arbitration nationwide

The organization will reopen hearings on Aug. 2 in seven jurisdictions that had remained closed. Finra postponed in-person arbitration hearings when the pandemic began in March 2020.

By Mark Schoeff Jr.