Advisor News

Displaying 26679 results
Time to learn about crypto
ALTERNATIVES APR 19, 2021
Time to learn about crypto

Bitcoin hit a record of more than $64,000 as Coinbase Global Inc., the largest U.S. cryptocurrency exchange, went public last week. Advisers and Wall Street have reached an inflection point when it comes to cryptocurrencies.

By InvestmentNews
What sparked today's love of ESG?
RIA NEWS APR 19, 2021
What sparked today's love of ESG?

Even for the earliest proponents of sustainability, the sudden spike in ESG investing popularity is surprising, but satisfying.

By Jeff Benjamin
Michigan duo managing $350 million at Merrill joins Rockefeller
PRACTICE MANAGEMENT APR 16, 2021
Michigan duo managing $350 million at Merrill joins Rockefeller

Low Group, a four-person team, is based in Bloomfield Hills, Michigan.

By InvestmentNews
Bills to end mandatory arbitration introduced in House, Senate
REGULATION AND LEGISLATION APR 16, 2021
Bills to end mandatory arbitration introduced in House, Senate

The Securities Industry and Financial Markets Association opposes the bill, saying arbitration 'promotes fair, efficient, and economical dispute resolution for all parties.'

By Mark Schoeff Jr.
Betterment account openings skyrocket 116% in first quarter
FINTECH APR 16, 2021
Betterment account openings skyrocket 116% in first quarter

Betterment's push to expand across multiple business lines and recent M&A activity could be prompting the robo-adviser toward new gains.

By Nicole Casperson
Morgan Stanley targets $10 trillion in AUM: Gorman
WIREHOUSES APR 16, 2021
Morgan Stanley targets $10 trillion in AUM: Gorman

The wirehouse reported new records for net new assets of $105 billion, up 43% from the end of December and an increase of 183% from the same period a year earlier. 'My target is $10 trillion of money under management,' said CEO James Gorman. 'I've told the team internally, they hate that.'

By Bruce Kelly
SEC partially settles fraud charges against co-founder of RIA
RIA NEWS APR 16, 2021
SEC partially settles fraud charges against co-founder of RIA

Martin Silver of International Investment Group in Long Branch, N.J., will pay penalties to be determined.

By InvestmentNews
How the end of Libor might affect your clients
OPINION APR 16, 2021
How the end of Libor might affect your clients

Now is a good time to tell clients to double-check all their loan documents and credit card statements to see if they have any Libor-linked debt.

By Richard L. Sandor
Robinhood sues to overturn Massachusetts fiduciary rule
REGULATION AND LEGISLATION APR 15, 2021
Robinhood sues to overturn Massachusetts fiduciary rule

Meanwhile, Massachusetts amended its December complaint against the online brokerage seeking to revoke its registration in the state.

By Mark Schoeff Jr.
Pro bono opportunities, need rise during pandemic
RETIREMENT PLANNING APR 15, 2021
Pro bono opportunities, need rise during pandemic

Last year, there was a 27% uptick in the number of cases advisers working with the Foundation for Financial Planning reported.

By Emile Hallez
Republican opposition to Gensler not likely to slow the new SEC chairman
REGULATION AND LEGISLATION APR 15, 2021
Republican opposition to Gensler not likely to slow the new SEC chairman

His slim Senate confirmation margin reflects GOP concerns about the aggressive approach Gensler has signaled on issues like expanding corporate disclosures related to environmental, social and governance factors.

By Mark Schoeff Jr.
Top 3 ways to attract millennials: J.D. Power
FINTECH APR 15, 2021
Top 3 ways to attract millennials: J.D. Power

The past year has exposed a stark divergence in the investment behavior of millennial investors compared with their older counterparts. A huge generational transfer of wealth, at roughly $68 trillion, is poised to fall into the hands of the millennials.

By Nicole Casperson
Hub acquires assets of $1.6 billion retirement firm
RETIREMENT PLANNING APR 15, 2021
Hub acquires assets of $1.6 billion retirement firm

Peter Vacheron and the team at IBG Financial Partners in Foxborough, Massachusetts, will join Hub’s retirement unit.

By InvestmentNews
Merrill Lynch client balances climb 31% year over year
WIREHOUSES APR 15, 2021
Merrill Lynch client balances climb 31% year over year

While assets increased, adviser head count at the thundering herd dipped. The company is looking to expand in key markets like San Francisco, Florida and another half-dozen locales.

By Bruce Kelly
How to help clients plan for health care costs in retirement
OPINION APR 15, 2021
How to help clients plan for health care costs in retirement

Advisers can utilize cutting-edge financial planning tools to help ease clients' concerns by showing them how they can save to cover medical expenses during retirement.

By Tom Burmeister
Election-reform debate poses risks for companies that weigh in on legislation
OPINION APR 14, 2021
Election-reform debate poses risks for companies that weigh in on legislation

Democracy is a systemic issue that's difficult to link to a particular company. But firms take hits by jumping into fights over specific bills.

By Mark Schoeff Jr.
Coinbase goes public: Why it matters to advisers
FINTECH APR 14, 2021
Coinbase goes public: Why it matters to advisers

Coinbase introduces millions of people to the world of digital assets, pushing financial advisers to surf the crypto wave before it crests. Some advisers are still skeptical.

By Nicole Casperson
Gensler confirmed as SEC head
REGULATION AND LEGISLATION APR 14, 2021
Gensler confirmed as SEC head

Wall Street's new sheriff will confront a range of market threats, from the fallout from the GameStop trading frenzy to the deluge of SPACs and the collapse of Archegos.

By Bloomberg
Wells Fargo adviser head count slips 8% year over year
PRACTICE MANAGEMENT APR 14, 2021
Wells Fargo adviser head count slips 8% year over year

The decline is expected to continue over the next six months as the bank closes its international wealth management business. The embattled bank recently revised how it tallies its adviser head count total and this year began including about 800 to 900 private bankers and portfolio managers.

By Bruce Kelly
Indie adviser managing $800 million moves to LPL from Kestra
INDEPENDENT BROKER DEALERS APR 14, 2021
Indie adviser managing $800 million moves to LPL from Kestra

Kip Adams and his team in Fort Worth, Texas, serve as the retirement and private wealth leaders for Gus Bates Insurance & Investments.

By InvestmentNews