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BlackRock's Larry Fink worries about corporate culture while working from home
PRACTICE MANAGEMENT SEP 17, 2020
BlackRock's Larry Fink worries about corporate culture while working from home

'I don't believe BlackRock will ever be 100% back in the office,' he said at the Morningstar virtual conference

By Jeff Benjamin
The latest in financial #AdviserTech — September 2020
RIAS SEP 17, 2020
The latest in financial #AdviserTech — September 2020

We look at the big news, announcements and underlying trends and developments that are emerging in the world of technology solutions for financial advisers!

By Michael Kitces
Fed signals rates to remain near zero for at least three years
REGULATION AND LEGISLATION SEP 16, 2020
Fed signals rates to remain near zero for at least three years

The central bank said again that it will continue buying Treasuries and mortgage-backed securities 'at least at the current pace'

By Bloomberg
How one 401(k) firm says it is bulking up amid the pandemic
RETIREMENT PLANNING SEP 16, 2020
How one 401(k) firm says it is bulking up amid the pandemic

Human Interest is hiring staff and getting rid of certain fees

By Emile Hallez
BlackRock, Schwab, Fidelity press SEC for wider digital delivery of investment documents
FINTECH SEP 16, 2020
BlackRock, Schwab, Fidelity press SEC for wider digital delivery of investment documents

Electronic delivery should be the default communication method for investors, according to a letter sent to the agency this month

By Mark Schoeff Jr.
Morningstar conference takes hard look at active management
ESG SEP 16, 2020
Morningstar conference takes hard look at active management

The keynote presentation examined why active managers are a crucial ingredient of an efficient market

By Jeff Benjamin
From shoulder pads to financial advisers -- how the NFL Players  Association protects its members from fraudsters
OPINION SEP 16, 2020
From shoulder pads to financial advisers -- how the NFL Players Association protects its members from fraudsters

Roughly 2,000 NFL players need the extra layer of financial protection the union's adviser program provides

By Bruce Kelly
Renewed emphasis on health care planning coming, says Cerulli
RETIREMENT PLANNING SEP 16, 2020
Renewed emphasis on health care planning coming, says Cerulli

The HSA business is set to evolve as financial wellness programs proliferate

By InvestmentNews
What’s next after Empower’s acquisition of MassMutual’s retirement unit?
RETIREMENT PLANNING SEP 16, 2020
What’s next after Empower’s acquisition of MassMutual’s retirement unit?

Advisers want to know which record keeper is next, but I now know better than to answer that question

By Fred Barstein
Hybrid managing $1 billion moves to LPL from Securian
BROKER DEALERS SEP 16, 2020
Hybrid managing $1 billion moves to LPL from Securian

SGC Financial and Insurance Services in San Mateo, California, has 13 advisers

By InvestmentNews
Merrill team managing $1 billion goes indie with Kestra
BROKER DEALERS SEP 16, 2020
Merrill team managing $1 billion goes indie with Kestra

Four-adviser RS Will Wealth Management established in Frederick, Maryland

By InvestmentNews
Strengthen diversity and inclusion by adjusting the hiring process
OPINION SEP 16, 2020
Strengthen diversity and inclusion by adjusting the hiring process

During interviews, a candidate's true aptitude could be obscured by cultural differences or behavioral norms

By Gurinder S. Ahluwalia
Raymond James cutting 500 jobs
BROKER DEALERS SEP 15, 2020
Raymond James cutting 500 jobs

The layoffs focus on support staff and will not include financial advisers among the cuts

By Bruce Kelly
Citi hires Merrill exec to head wealth management
PRACTICE MANAGEMENT SEP 15, 2020
Citi hires Merrill exec to head wealth management

David Poole has led Merrill Edge and Merrill Guided Investing

By InvestmentNews
Five-adviser Merrill team managing $280 million joins Stifel
BROKER DEALERS SEP 15, 2020
Five-adviser Merrill team managing $280 million joins Stifel

The Bonnette group is opening an office for the firm in Audubon, New Jersey

By InvestmentNews
Obama-era fiduciary rule cut sales of expensive annuities: Study
LIFE INSURANCE AND ANNUITIES SEP 15, 2020
Obama-era fiduciary rule cut sales of expensive annuities: Study

Even though a federal appeals court vacated the measure in 2018, its impact lives on

By Mark Schoeff Jr.
Sutter Health hit with second lawsuit over $3.7 billion DC plan
RETIREMENT PLANNING SEP 15, 2020
Sutter Health hit with second lawsuit over $3.7 billion DC plan

The class-action cases point to allegedly excessive investment management fees

By Emile Hallez
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues
WIREHOUSES SEP 15, 2020
Outspent by Wall Street, investor advocates focus on educating lawmakers on advice issues

One goal is to fortify Democratic opposition to Reg BI

By Mark Schoeff Jr.
80% of older workers financially illiterate: Survey
RETIREMENT PLANNING SEP 15, 2020
80% of older workers financially illiterate: Survey

The results show retirement will be an uncertain time for many, according to The American College of Financial Services

By Emile Hallez
How a Biden win in November reshapes investment advice rules
REGULATION AND LEGISLATION SEP 15, 2020
How a Biden win in November reshapes investment advice rules

Democrats scrapping the Trump administration’s reforms hinges on who’s picked to lead the SEC

By Mark Schoeff Jr.