Advisor News

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Fed's rescue efforts leave advisers hopeful — and confused
RIA NEWS APR 10, 2020
Fed's rescue efforts leave advisers hopeful — and confused

The second government stimulus package comes as advisers are still trying to navigate the historic Cares Act

By Jeff Benjamin
IRS extends more tax deadlines
RETIREMENT PLANNING APR 10, 2020
IRS extends more tax deadlines

The additional postponements cover trusts, estates and corporations, as well as individuals

By InvestmentNews
Finra panel awards $10.5 million to New York firm and its CEO
REGULATION AND LEGISLATION APR 09, 2020
Finra panel awards $10.5 million to New York firm and its CEO

Wunderlich Securities to pay Dominick & Dickerman over 2015 deal

By InvestmentNews
Why 401(k) fees are a mystery
OPINION APR 09, 2020
Why 401(k) fees are a mystery

Despite fee-disclosure requirements passed a decade ago, it's not easy for participants to figure out how much they're being charged

By Emile Hallez
To spur lending, SEC loosens restrictions on business development companies
ALTERNATIVES APR 09, 2020
To spur lending, SEC loosens restrictions on business development companies

The regulator proposed easing calculations that determine asset coverage ratios, giving BDCs additional flexibility to issue securities

By Mark Schoeff Jr.
Morgan Stanley’s Gorman: I recovered from COVID-19
WIREHOUSES APR 09, 2020
Morgan Stanley’s Gorman: I recovered from COVID-19

The CEO tells employees in a video that he isolated himself at home

By InvestmentNews
Near-retirees drain TDFs at a rapid clip
RETIREMENT PLANNING APR 09, 2020
Near-retirees drain TDFs at a rapid clip

People within 15 years of retirement emptied target-date funds of a net $9.4 billion in March, according to Morningstar

By Emile Hallez
Wealthy win, low-wage earners lose in tax filing extension
REGULATION AND LEGISLATION APR 09, 2020
Wealthy win, low-wage earners lose in tax filing extension

The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills

By Bloomberg
3 suits against JPMorgan Chase’s 401(k) plan are joined
RETIREMENT PLANNING APR 09, 2020
3 suits against JPMorgan Chase’s 401(k) plan are joined

The suits allege fiduciaries failed to secure lower fees for plan participants

By InvestmentNews
Effective leadership during COVID-19
OPINION APR 09, 2020
Effective leadership during COVID-19

In a crisis, when you cannot possibly know all of the facts, input from those you lead is even more important

By Charles Goldman
3 Questions: Michael Kitces on adviser fintech today
FINTECH APR 09, 2020
3 Questions: Michael Kitces on adviser fintech today

Buckingham Wealth Partners' head of planning strategy talks about whether technology is supporting advisers amid the new normal of COVID-19

By InvestmentNews
Fed announces up to $2.3 trillion in aid to businesses, municipalities
REGULATION AND LEGISLATION APR 09, 2020
Fed announces up to $2.3 trillion in aid to businesses, municipalities

The Fed is starting programs to aid small and midsize businesses, as well as state and local governments

By Bloomberg
WIREHOUSES APR 09, 2020
UBS pledges $2 billion to aid small businesses via U.S. plan

Enterpreneurs make up a big part of the firm's US client base, it says

By Bloomberg
Finra rule would require stronger supervision of rogue brokers
REGULATION AND LEGISLATION APR 08, 2020
Finra rule would require stronger supervision of rogue brokers

The proposal allows hearing officers to impose additional supervision requirements for brokers involved in disciplinary matters

By Mark Schoeff Jr.
Dividend cuts shouldn't worry investors
OPINION APR 08, 2020
Dividend cuts shouldn't worry investors

A look at how other recent downturns played out suggests the fears about dividends are overdone

By Nir Kaissar
In times of uncertainty, knowledge is king
OPINION APR 08, 2020
In times of uncertainty, knowledge is king

Having a strong grasp of macroeconomic policies, and their implications for the health of the economy, will better prepare advisers for the current crisis and those going forward

By Paul Cantor
BlackRock partners with Microsoft to bolster Aladdin platform
FINTECH APR 08, 2020
BlackRock partners with Microsoft to bolster Aladdin platform

The asset manager will use the software giant’s Azure cloud platform

By InvestmentNews
Cares Act student-loan relief has few takers
REGULATION AND LEGISLATION APR 07, 2020
Cares Act student-loan relief has few takers

Workers can receive as much as $5,250 for debt repayment, tax free, from employers

By Emile Hallez
Brokers try to figure out what ‘good faith efforts’ mean for Reg BI implementation
REGULATION AND LEGISLATION APR 07, 2020
Brokers try to figure out what ‘good faith efforts’ mean for Reg BI implementation

SEC has released risk alerts outlining examination expectations for Reg BI, Form CRS

By Mark Schoeff Jr.
SoFi to purchase Galileo for $1.2 billion to expand banking tech
FINTECH APR 07, 2020
SoFi to purchase Galileo for $1.2 billion to expand banking tech

The acquisition will help the online lender build up its technology for brokerage and investment services

By Bloomberg