Advisor News

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For 401(k) savers, words matter
RETIREMENT PLANNING MAY 05, 2021
For 401(k) savers, words matter

'Investment risk' doesn't mean the same thing to everyone, and some words work better than others, according to a report from Invesco.

By Emile Hallez
FSC adviser managing $200 million switches to LPL
INDEPENDENT BROKER DEALERS MAY 05, 2021
FSC adviser managing $200 million switches to LPL

Joel Drake in Des Moines, Iowa, is affiliating through The Wealth Consulting Group, an office of supervisory jurisdiction.

By InvestmentNews
Encouraging clients to name a trusted contact
OPINION MAY 04, 2021
Encouraging clients to name a trusted contact

Employing insights from behavioral finance when putting together the trusted contact form can increase the likelihood a client names a trusted contact, according to a recent report from the Ontario Securities Commission.

By Josh Jones
House committee poised to advance SECURE 2.0 retirement savings bill
RETIREMENT PLANNING MAY 04, 2021
House committee poised to advance SECURE 2.0 retirement savings bill

The bill, which builds on the SECURE Act, would raise the required minimum distribution age from 72 to 75 over 10 years.

By Mark Schoeff Jr.
Proxy voting adds ESG leverage to retirement plans
RIA NEWS MAY 04, 2021
Proxy voting adds ESG leverage to retirement plans

A new Morningstar report presents proxy voting as a backdoor entry to ESG investing for retirement plan participants. As advocates pressure for simpler proxy voting procedures, retail investors could gain considerable leverage.

By Jeff Benjamin
Robos roll out crypto offerings ahead of potential Bitcoin ETF
RIA NEWS MAY 04, 2021
Robos roll out crypto offerings ahead of potential Bitcoin ETF

Robo-advisers could be entryways for new market participants to gain access to crypto investing, while advocates wait for regulators to make a decision on a Bitcoin exchange-traded fund.

By Nicole Casperson
UBS nabs $2 billion team from BofA private bank
PRACTICE MANAGEMENT MAY 04, 2021
UBS nabs $2 billion team from BofA private bank

The seven-person group will join its Newport Beach, California, office.

By InvestmentNews
Biden tax rule would take billions from biggest fortunes at death
RETIREMENT PLANNING MAY 04, 2021
Biden tax rule would take billions from biggest fortunes at death

Ending the step-up in basis and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.

By Bloomberg
American Trust Retirement acquires benefits consultant
RETIREMENT PLANNING MAY 04, 2021
American Trust Retirement acquires benefits consultant

Stanley Benefit Services is based in Greensboro, North Carolina; the transaction does not include a related RIA, Fund Direct Advisors.

By InvestmentNews
OneDigital acquires $1 billion retirement plan adviser
RIA NEWS MAY 04, 2021
OneDigital acquires $1 billion retirement plan adviser

Connecticut-based Future Benefits Inc. serves more than 400 wealth management and retirement plan clients.

By InvestmentNews
Robinhood takes swipe at Warren Buffett
FINTECH MAY 04, 2021
Robinhood takes swipe at Warren Buffett

The online brokerage was responding to Buffett's comment that Robinhood is contributing to the "casino aspect" of the stock market.

By Bloomberg
Why the public is still leery of online brokerages
OPINION MAY 04, 2021
Why the public is still leery of online brokerages

Lawsuits have popped up alleging wide-reaching conspiracies and gamification strategies at some of the most well-known firms. Online brokerages are increasingly responsible for rebuilding public trust.

By Sean Allocca
Modernizing regulations to keep pace with technology
OPINION MAY 04, 2021
Modernizing regulations to keep pace with technology

Finra has allowed fully remote inspections during the pandemic, and the industry is now encouraging the regulator to make the temporary adjustments into long-term changes.

By Dale Brown
Eight-person UBS team managing $900 million joins RBC
PRACTICE MANAGEMENT MAY 03, 2021
Eight-person UBS team managing $900 million joins RBC

The addition of Meridian Group gives the firm a Roanoke, Virginia, footprint

By InvestmentNews
Ohio National broker pitched VA trades as 'infinite banking': Finra
LIFE INSURANCE AND ANNUITIES MAY 03, 2021
Ohio National broker pitched VA trades as 'infinite banking': Finra

The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.

By Bruce Kelly
Four-adviser UBS team managing $1.08 billion joins Raymond James
INDEPENDENT BROKER DEALERS MAY 03, 2021
Four-adviser UBS team managing $1.08 billion joins Raymond James

Group will join firm’s Deer Park, Illinois office in Chicago’s northwest suburbs

By InvestmentNews
DOL's cybersecurity tips were needed, but 401(k)s shouldn't ask much from participants
OPINION MAY 03, 2021
DOL's cybersecurity tips were needed, but 401(k)s shouldn't ask much from participants

A system built around inaction shouldn’t expect people to become more involved with it, much less bear responsibility for keeping their accounts safe.

By Emile Hallez
New York City Council mandates auto-IRAs for small companies
RETIREMENT PLANNING MAY 03, 2021
New York City Council mandates auto-IRAs for small companies

The portable city-run plan would not require employer contributions.

By InvestmentNews
Wells Fargo veteran managing $482 million joins Baird
INDEPENDENT BROKER DEALERS MAY 03, 2021
Wells Fargo veteran managing $482 million joins Baird

James Galkowski will open an office for the firm in Rochester, Minnesota.

By InvestmentNews
Team managing $200 million switches to LPL from Voya
INDEPENDENT BROKER DEALERS MAY 03, 2021
Team managing $200 million switches to LPL from Voya

The six-person Kraner group based in New Jersey is affiliating through INC Advisor, an office of supervisory jurisdiction.

By InvestmentNews