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Charles Schwab reportedly in talks to buy USAA brokerage, wealth management business
INDUSTRY NEWS JUL 15, 2019
Charles Schwab reportedly in talks to buy USAA brokerage, wealth management business

The deal would net Schwab roughly $100 billion in new assets.

By Greg Iacurci
3 aspects of retirement affected by divorce
RETIREMENT PLANNING JUL 15, 2019
3 aspects of retirement affected by divorce

Rising rate of gray divorce in the U.S. requires financial advisers to understand different planning strategies

By Jamie Hopkins
Texting your clients? Read this first
FINTECH JUL 15, 2019
Texting your clients? Read this first

Compliance concerns are paramount when adding texting to your communications mix.

By Dusty Russell
Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges
REGULATION AND LEGISLATION JUL 12, 2019
Labor Secretary Alexander Acosta resigns after furor over Jeffrey Epstein sex charges

As top federal prosecutor in south Florida in 2007 and 2008, Acosta signed off on a lenient plea deal for Epstein

By Bloomberg
LPL partners with Nationwide on 401(k) training for bank channel advisers
RETIREMENT PLANNING JUL 12, 2019
LPL partners with Nationwide on 401(k) training for bank channel advisers

The brokerage hopes to capture more retirement plan clients and push assets into its small-market 401(k) product.

By Greg Iacurci
UBS hires advisers with $2 billion in client assets
PRACTICE MANAGEMENT JUL 12, 2019
UBS hires advisers with $2 billion in client assets

The two advisers joined the firm in San Francisco and New York.

By Bruce Kelly
Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule
REGULATION AND LEGISLATION JUL 12, 2019
Departure of Alexander Acosta could slow DOL effort to revise fiduciary rule

Acting secretary Patrick Pizzella will have to make political decision to move ahead.

By Mark Schoeff Jr.
Finra bars former Morgan Stanley rep who hid outside accounts
REGULATION AND LEGISLATION JUL 12, 2019
Finra bars former Morgan Stanley rep who hid outside accounts

Roman Corona declined to appear before panel looking into holdings.

By InvestmentNews
CFP Board to announce possible delay of new fiduciary standard
REGULATION AND LEGISLATION JUL 12, 2019
CFP Board to announce possible delay of new fiduciary standard

Organization's CEO confirms meeting with Edward Jones, says broker-dealer still considering how to move forward.

By Bruce Kelly
Cetera Financial Group eliminating Summit as a separate broker-dealer
BROKER DEALERS JUL 12, 2019
Cetera Financial Group eliminating Summit as a separate broker-dealer

Firm, offices and 450 advisers will become part of the Cetera Advisor Networks B-D.

By Bruce Kelly
Panic sales rekindle debate over ETF liquidity
ETFS JUL 12, 2019
Panic sales rekindle debate over ETF liquidity

While growing numbers of asset managers are using ETFs as cash equivalents, how easily can funds be turned into cash in a crunch?

By Bloomberg
The SECURE Act: Completing an unfinished masterpiece
RETIREMENT PLANNING JUL 12, 2019
The SECURE Act: Completing an unfinished masterpiece

The legislation would address some of the U.S. retirement system's shortfalls, including the millions of Americans who still lack access to plans.

By Robert L. Reynolds
Voya Financial launching robo-advice platform for brokers
FINTECH JUL 11, 2019
Voya Financial launching robo-advice platform for brokers

The firm will not offer a direct-to-consumer version of Voya Digital Adviser.

By Ryan W. Neal
FPA issues final, curtailed plan to reshape chapters
INDUSTRY NEWS JUL 11, 2019
FPA issues final, curtailed plan to reshape chapters

Group confirms it won't dissolve local chapters, and will begin transition with two-year beta test.

By Greg Iacurci
Finra provides detail on enforcement breaks for cooperation
REGULATION AND LEGISLATION JUL 11, 2019
Finra provides detail on enforcement breaks for cooperation

Regulator also pledges more transparency in settlements.

By Mark Schoeff Jr.
CFP Board may make decision this week on delaying enforcement of fiduciary standard
REGULATION AND LEGISLATION JUL 11, 2019
CFP Board may make decision this week on delaying enforcement of fiduciary standard

Trade groups asking for delays or softer versions of the new code for CFP holders.

By Bruce Kelly
Schwab subscription planning service draws $1 billion in new assets
RIAS JUL 11, 2019
Schwab subscription planning service draws $1 billion in new assets

Hybrid robo launched in March charges one-time planning fee plus $30 a month.

By InvestmentNews
Hub in talks to buy $40 billion LPL branch Global Retirement Partners
RIAS JUL 11, 2019
Hub in talks to buy $40 billion LPL branch Global Retirement Partners

GRP, an LPL super-OSJ, would represent the latest in a flurry of acquisitions for Hub.

By Greg Iacurci
Edelman Financial Engines losing COO John Bunch
RETIREMENT PLANNING JUL 11, 2019
Edelman Financial Engines losing COO John Bunch

Veteran executive departs financial services for a whole new industry.

By Ryan W. Neal
SEC member Peirce to brokers: Talk to us early, often about Reg BI implementation problems
REGULATION AND LEGISLATION JUL 11, 2019
SEC member Peirce to brokers: Talk to us early, often about Reg BI implementation problems

She's willing to advocate for additional compliance time if firms have made a good faith effort.

By Mark Schoeff Jr.