Advisor News

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Roughly two-fifths of US adults are using AI for their finances
FINTECH JUL 29, 2024
Roughly two-fifths of US adults are using AI for their finances

New survey reveals a growing reliance on artificial intelligence, with Gen Z Americans leading the way.

By Leo Almazora
Second court blocks all aspects of DOL's fiduciary rule
COMPLIANCE JUL 29, 2024
Second court blocks all aspects of DOL's fiduciary rule

A stay issued on Friday adds to an order in a separate case against the Department of Labor.

By Emile Hallez
Vanilla boosts advisor support with education platform reboot
FINTECH JUL 29, 2024
Vanilla boosts advisor support with education platform reboot

The fintech firm is doubling down on its mission to raise estate planning awareness with the relaunch of its learning program.

By Leo Almazora
Advisors want to "freeze time" rather than retire
RETIREMENT PLANNING JUL 29, 2024
Advisors want to "freeze time" rather than retire

Advisors, ironically, aren't really interested in retiring but Dynasty Financial's Casey Jorgensen argues it's a fiduciary duty.

By Josh Welsh
LPL extends NY footprint with ex-minor league baseball pro from Osaic
INDEPENDENT BROKER DEALERS JUL 29, 2024
LPL extends NY footprint with ex-minor league baseball pro from Osaic

The broker-dealer giant’s latest addition brings 31 years of industry experience and reportedly managed $250M in assets.

By Leo Almazora
Court order puts DOL fiduciary rule on ice
RETIREMENT PLANNING JUL 26, 2024
Court order puts DOL fiduciary rule on ice

There is a stay effective for the rule and one of its prohibited transaction exemptions, but that doesn't necessarily mean firms should hold off on compliance.

By Emile Hallez
LPL dumping two branch offices with $20 billion in assets
INDEPENDENT BROKER DEALERS JUL 26, 2024
LPL dumping two branch offices with $20 billion in assets

All IBDs, not just LPL, have a love/hate relationship with OSJs, industry sources said.

By Bruce Kelly
SEC and DOJ accuse high-profile short-seller of $20 million securities fraud
REGULATION AND LEGISLATION JUL 26, 2024
SEC and DOJ accuse high-profile short-seller of $20 million securities fraud

It's alleged that defendant used social media posts and research reports to deceive investors.

By Matthew Sellers
More 401(k) investors 'very likely' to reach retirement goals, says Schwab
RETIREMENT PLANNING JUL 26, 2024
More 401(k) investors 'very likely' to reach retirement goals, says Schwab

Annual retirement survey shows improvement, but percentage is less than half.

By Steve Randall
Don't muzzle whistleblowers with broad NDAs, CFPB warns firms
REGULATION AND LEGISLATION JUL 26, 2024
Don't muzzle whistleblowers with broad NDAs, CFPB warns firms

The bureau has told law enforcement and regulators to look for potential lawbreaking.

By Steve Randall
Inflation, volatility worries drop as retirement confidence rises, Schwab finds
RETIREMENT PLANNING JUL 25, 2024
Inflation, volatility worries drop as retirement confidence rises, Schwab finds

The average expected retirement age went from 66 to 65 over the past year.

By Emile Hallez
Ameriprise, Raymond James report new highs in wealth management
INDEPENDENT BROKER DEALERS JUL 25, 2024
Ameriprise, Raymond James report new highs in wealth management

Meanwhile, senior execs at both firms are keeping an eye on increases of yields on cash at competitors.

By Bruce Kelly
Why DeFi Matters: An Insider's Insight into Decentralized Finance
FINTECH JUL 25, 2024
Why DeFi Matters: An Insider's Insight into Decentralized Finance

Ian Horne, in his book Why DeFi Matters, draws from a wealth of experience and offers a critical, unbiased perspective providing an in-depth look into the complexities and potential of DeFi.

By Bryony Garlick
Interactive Brokers introduces new retirement planner feature
RETIREMENT PLANNING JUL 25, 2024
Interactive Brokers introduces new retirement planner feature

New feature set to enhance customization capabilities.

By Jonalyn Cueto
Interest in guaranteed retirement income increases
RETIREMENT PLANNING JUL 25, 2024
Interest in guaranteed retirement income increases

More than half of survey respondents acknowledge they are not saving enough for a financially secure retirement.

By Jonalyn Cueto
Hundreds of Finra member firms join remote inspections pilot
REGULATION AND LEGISLATION JUL 25, 2024
Hundreds of Finra member firms join remote inspections pilot

Large firms are more likely than small ones to have signed up.

By Steve Randall
DOL's ESG rule an early test of Supreme Court's Chevron reversal
REGULATION AND LEGISLATION JUL 24, 2024
DOL's ESG rule an early test of Supreme Court's Chevron reversal

Federal agencies may now have less defense in court over regulations that opponents say exceed regulatory authority.

By Emile Hallez
Morgan Stanley will increase some cash yields to 2%
INDEPENDENT BROKER DEALERS JUL 24, 2024
Morgan Stanley will increase some cash yields to 2%

The changes in yields on cash pose a big problem for future profits at large wealth management and brokerage firms.

By Bruce Kelly
How advisors can help clients determine the right time to retire
OPINION JUL 24, 2024
How advisors can help clients determine the right time to retire

Understand the needs of different client segments, and balance emotional and financial considerations to best serve clients.

By Mike Kurz
Genstar Capital becomes majority investor in Docupace
FINTECH JUL 24, 2024
Genstar Capital becomes majority investor in Docupace

Investment boosts growth and innovation potential for wealth management software firm.

By Jonalyn Cueto