Advisor News

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Wells Fargo annual meeting 'less relevant' amid bank's CEO search
PRACTICE MANAGEMENT APR 22, 2019
Wells Fargo annual meeting 'less relevant' amid bank's CEO search

The bank's shares have fallen 3.1% since CEO Tim Sloan resigned, compared with a 6.5% gain for the KBW Bank Index.

By Bloomberg
Older Americans are twice as likely to work now as in 1985
RETIREMENT PLANNING APR 22, 2019
Older Americans are twice as likely to work now as in 1985

Retirement-age workers' participation rate in the labor force has cracked the 20% mark

By Bloomberg
The drawback of Richard Thaler's 401(k)-Social Security idea? Social Security itself
RETIREMENT PLANNING APR 22, 2019
The drawback of Richard Thaler's 401(k)-Social Security idea? Social Security itself

Observers think Congress would need to address Social Security's funding levels and offer enhanced protections for the concept to work.

By Greg Iacurci
Five fintech buzzwords that need to die
FINTECH APR 22, 2019
Five fintech buzzwords that need to die

Let's work together to make technology a friendlier place for everyone.

By Ryan W. Neal
Finra panel awards $815,000 to National Asset Management client over fiduciary breach
REGULATION AND LEGISLATION APR 22, 2019
Finra panel awards $815,000 to National Asset Management client over fiduciary breach

But arbitrators said 30% of the fault lies with the 'negligent' claimants.

By InvestmentNews
Social Security funding outlook improves slightly
RETIREMENT PLANNING APR 22, 2019
Social Security funding outlook improves slightly

Retirement reserves extended one year; disability fund by 20 years

By Mary Beth Franklin
A new way to look at retirement income planning
OPINION APR 22, 2019
A new way to look at retirement income planning

Bucketed investing gives retirees an intuitive understanding of their finances, but administering this approach can be time-consuming for advisers

By Natalie Wolfsen
Finra reminds brokerages of a client's right to a straight answer
INDEPENDENT BROKER DEALERS APR 20, 2019
Finra reminds brokerages of a client's right to a straight answer

It's all about transparency: New guidance could help brokers on the move retain loyal clients.

By crain-api
IBD report: Another impressive year
INDEPENDENT BROKER DEALERS APR 20, 2019
IBD report: Another impressive year

Despite a stock market decline, revenue is up. And the streak isn't expected to end anytime soon.

By Bruce Kelly
When disclosing conflicts of interest, wiggle words like 'may' may not be good enough
RIA NEWS APR 19, 2019
When disclosing conflicts of interest, wiggle words like 'may' may not be good enough

SEC's case pending in D.C. Circuit Court could change how ADVs are written

By Mark Schoeff Jr.
Variable annuity sales up big among independent broker-dealers
INDEPENDENT BROKER DEALERS APR 19, 2019
Variable annuity sales up big among independent broker-dealers

Interest-rate environment, growth of buffered annuities and loss of the DOL fiduciary rule helped grow sales by $3.7 billion last year.

By Greg Iacurci
Richard Thaler wants to use 401(k)s to boost Social Security payments
RETIREMENT PLANNING APR 18, 2019
Richard Thaler wants to use 401(k)s to boost Social Security payments

The Nobel laureate wants to simplify drawing down retirement assets, which he thinks is 'way harder' than saving the money.

By Greg Iacurci
SEC cracks down on share-class disclosure after self-reporting initiative ends
MUTUAL FUNDS APR 18, 2019
SEC cracks down on share-class disclosure after self-reporting initiative ends

Firms that didn't participate are now vulnerable to enforcement investigations, lawyers say.

By Mark Schoeff Jr.
Trump's rules for opportunity zones satisfy investors' wish lists
REGULATION AND LEGISLATION APR 18, 2019
Trump's rules for opportunity zones satisfy investors' wish lists

The rules provide a more flexible timeline for investing cash, as well as a one-year grace period to sell assets and reinvest the proceeds.

By Bloomberg
Michael Kitces: The latest in financial adviser fintech — April 2019
FINTECH APR 18, 2019
Michael Kitces: The latest in financial adviser fintech — April 2019

This month's edition kicks off with the blockbuster deal of the decade in advisor technology: Envestnet acquiring MoneyGuidePro for half a billion dollars, or nearly 10X its forward revenues.

By Michael Kitces
RETIREMENT PLANNING APR 18, 2019
Grown children may be hazardous to your wealth

Boomers continue to subsidize adult offspring at the expense of their own retirement.

By Mary Beth Franklin
RIA NEWS APR 18, 2019
Adviser fintech moving from the back office to client interactions

Voice or facial recognition technology could be used to help advisers formulate a client's true risk profile.

By Ryan W. Neal
Massachusetts charges adviser with concealing information in marijuana deals
ALTERNATIVES APR 17, 2019
Massachusetts charges adviser with concealing information in marijuana deals

Frederick V. McDonald, Jr. allegedly failed to disclose risks and his own conflicts.

By InvestmentNews
Morgan Stanley rides wealth management train to solid first quarter
WIREHOUSES APR 17, 2019
Morgan Stanley rides wealth management train to solid first quarter

Chairman and CEO James Gorman expresses excitement about expanding into workplace plans with purchase of Solium.

By Jeff Benjamin
SEC's sole Democrat is said to be leaving
REGULATION AND LEGISLATION APR 17, 2019
SEC's sole Democrat is said to be leaving

Robert Jackson Jr. is expected to join NYU Law School.

By InvestmentNews