Advisor News

Displaying 26692 results
SEC fines Texas investment adviser $95k for “pay to play” rule breach
REGULATION AND LEGISLATION AUG 20, 2024
SEC fines Texas investment adviser $95k for “pay to play” rule breach

The firm reportedly violated a two-year “time out” that was triggered when an employee made a campaign contribution to a key government official.

By Leo Almazora
Why technology has changed asset allocation fundamentally
OPINION AUG 19, 2024
Why technology has changed asset allocation fundamentally

Discussion around the “pensionization” of 401(k)s is emerging, which requires a different asset allocation mindset.

By Anna Garcia
SEC "took advantage of what they could" in case against Icahn
REGULATION AND LEGISLATION AUG 19, 2024
SEC "took advantage of what they could" in case against Icahn

The regulator has been interested in Carl Icahn and his company for a long time, one compliance expert noted.

By Emile Hallez
Finra bars broker who forged clients’ annuity switches
INDEPENDENT BROKER DEALERS AUG 19, 2024
Finra bars broker who forged clients’ annuity switches

"We're seeing more instances of clients being switched out of annuities," says one plaintiff's attorney.

By Bruce Kelly
Advisor expertise more crucial than ever for retirement plan sponsors
RETIREMENT PLANNING AUG 19, 2024
Advisor expertise more crucial than ever for retirement plan sponsors

Annual study from Fidelity reveals increasing hopes and demands for advisors, as well as changing appetites within investment menus.

By Leo Almazora
Three things to get right to attract HNW clients
OPINION AUG 19, 2024
Three things to get right to attract HNW clients

Moving upstream and gaining more decamillionaires requires a different value proposition compared to simply running a successful wealth management firm.

By Kristine McManus
Nitrogen supercharges platform with summer 2024 releases
FINTECH AUG 19, 2024
Nitrogen supercharges platform with summer 2024 releases

The wealth tech provider revealed enhancements to its financial planning, risk assessment, and investment analytics modules, among other updates.

By Leo Almazora
Fee compression or more services?
OPINION AUG 19, 2024
Fee compression or more services?

Advisors intent on landing new client relationships have a decision to make.

By Scott Hanson
JPMorgan jumps on the lifetime income bandwagon
RETIREMENT PLANNING AUG 16, 2024
JPMorgan jumps on the lifetime income bandwagon

JPMorgan Asset Management is the latest firm to spice up its target date funds with a dash of annuities.

By Leo Almazora
Bryant Riley offers $7 per share to take embattled firm private
INDEPENDENT BROKER DEALERS AUG 16, 2024
Bryant Riley offers $7 per share to take embattled firm private

"If they do something quickly to stabilize the firm they should be fine," one industry executive said about B. Riley Financial.

By Bruce Kelly
Raymond James succession plan rolls on with RJA division shakeup
INDEPENDENT BROKER DEALERS AUG 16, 2024
Raymond James succession plan rolls on with RJA division shakeup

The broker-dealer giant is shuffling the leadership within Raymond James & Associates as part of its broader seismic reorganization.

By Leo Almazora
eMoney takes aim at RIAs’ data fragmentation frustrations
FINTECH AUG 16, 2024
eMoney takes aim at RIAs’ data fragmentation frustrations

The financial planning software provider owned by Fidelity has added a data-syncing and integration boost to one of its key programs.

By Leo Almazora
Finra fines, suspends ex-UBS rep who liquidated deceased client’s account
REGULATION AND LEGISLATION AUG 15, 2024
Finra fines, suspends ex-UBS rep who liquidated deceased client’s account

He was fired after an exam revealed he conducted trades in the account, which was worth more than $260K, without proper authority.

By Leo Almazora
$300M Ponzi funded a private-jet-and-yacht lifestyle, SEC says
REGULATION AND LEGISLATION AUG 15, 2024
$300M Ponzi funded a private-jet-and-yacht lifestyle, SEC says

Drive Planning and its owner Todd Burkhalter deceived thousands of investors, the agency said in lawsuit.

By Emile Hallez
SEC’s landmark recordkeeping action could ‘embolden examiners’
REGULATION AND LEGISLATION AUG 15, 2024
SEC’s landmark recordkeeping action could ‘embolden examiners’

The regulator’s scrutiny and charges against one firm could spark tighter enforcement over off-channel communications, says compliance consultancy.

By Leo Almazora
Estate wealth tech platform Vanilla gets a boost from Edward Jones
FINTECH AUG 15, 2024
Estate wealth tech platform Vanilla gets a boost from Edward Jones

The fintech provider’s latest funding round, which also includes Alumni Ventures and Vanguard, will support its continued growth and AI push.

By Leo Almazora
35-year veteran LPL advisor defects to Avantax
INDEPENDENT BROKER DEALERS AUG 15, 2024
35-year veteran LPL advisor defects to Avantax

The tax-focused Cetera subsidiary’s latest add in Northern California comes after overseeing $60M at LPL.

By Leo Almazora
LPL expands Georgia footprint with $615M Osaic team
INDEPENDENT BROKER DEALERS AUG 15, 2024
LPL expands Georgia footprint with $615M Osaic team

The Atlanta-based team originally with Lincoln Financial provides planning with a focus on retirement strategies for mass-affluent clients.

By Leo Almazora
Opto and Conway team up for private-market partnership
FINTECH AUG 15, 2024
Opto and Conway team up for private-market partnership

The two TAMPs are collaborating to give RIAs customized and easier access to private equity, venture capital, real estate, and private credit.

By Leo Almazora
Expect lower Social Security COLA amid slower inflation
RETIREMENT PLANNING AUG 14, 2024
Expect lower Social Security COLA amid slower inflation

Retirees can be more affected by inflation, and cost increases are not consistent across categories or geographies.

By Emile Hallez