Advisor News

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Don't stop fighting for Retirement Security Rule, financial planning coalition urges DOL
RETIREMENT PLANNING MAY 23, 2025
Don't stop fighting for Retirement Security Rule, financial planning coalition urges DOL

The collective of groups including CFP Board, the FPA, NAPFA, and XYPN called for continued support in a legal battle to reinforce clients' best interests.

By Leo Almazora
RIA wrap: The Mather Group enhances Bay Area presence as Prosperity Capital bolsters C-suite
RIA NEWS MAY 23, 2025
RIA wrap: The Mather Group enhances Bay Area presence as Prosperity Capital bolsters C-suite

TMG adds to its $14 billion in AUM and AUA with a new California partnership while Cleveland-based Prosperity welcomes two veterans to its leadership.

By Leo Almazora
Tiger-backed Robinhood rival riffs on direct indexing for DIY investors
FINTECH MAY 23, 2025
Tiger-backed Robinhood rival riffs on direct indexing for DIY investors

Soon-to-launch AI-powered tool allows retail investors to build bespoke indexes, with users able to buy in with fractional shares.

By Bloomberg
As Stifel fights one giant claim involving star Miami broker, it quietly settles others
INDEPENDENT BROKER DEALERS MAY 23, 2025
As Stifel fights one giant claim involving star Miami broker, it quietly settles others

The competing legal strategies appear contrary to Stifel's public statements about defending its structured notes' tactics.

By Bruce Kelly
Wirehouse moves: Merrill, Wells Fargo haul more advisors from UBS
WIREHOUSES MAY 23, 2025
Wirehouse moves: Merrill, Wells Fargo haul more advisors from UBS

The two firms have also bolstered their ranks with additions from LPL, Morgan Stanley, and PNC Investments.

By Leo Almazora
How are DB plans navigating the volatile market? MetLife expert shares insights
RETIREMENT PLANNING MAY 23, 2025
How are DB plans navigating the volatile market? MetLife expert shares insights

InvestmentNews speaks with lead LDI strategist Jeff Passmore.

By Steve Randall
FINRA puts kibosh on David Lerner's sales of proprietary products
ALTERNATIVES MAY 22, 2025
FINRA puts kibosh on David Lerner's sales of proprietary products

For decades, the bulk of the retail brokerage industry has moved away from selling expensive, proprietary funds.

By Bruce Kelly
Raymond James lands $2.7B institutional business from Trustmark
INDEPENDENT BROKER DEALERS MAY 22, 2025
Raymond James lands $2.7B institutional business from Trustmark

The IBD has also added a new advisor from Morgan Stanley in Utah, while LPL welcomes an $850 million team from Cetera.

By Leo Almazora
Cetera taps former TD Ameritrade exec to lead data strategy
RIA NEWS MAY 22, 2025
Cetera taps former TD Ameritrade exec to lead data strategy

Appointment signals the hybrid RIA's commitment to data-driven decision-making across its five-channel ecosystem.

By Leo Almazora
Summit Financial takes stake in Alabama-based RIA Parsons Broach
RIA NEWS MAY 22, 2025
Summit Financial takes stake in Alabama-based RIA Parsons Broach

Stan Gregor's acquisitive RIA firm expanded its reach in the South as a veteran advisor duo parted ways with Raymond James.

By Leo Almazora
Focus continues executive shakeup with new CTO
MERGERS & ACQUISITIONS MAY 22, 2025
Focus continues executive shakeup with new CTO

The new technology leader at Focus Financial Partners, Mark Israel, comes with 30 years' experience including a notable stint at Fisher Investments.

By Leo Almazora
How long will my retirement savings last? Most Americans can't answer that
RETIREMENT PLANNING MAY 22, 2025
How long will my retirement savings last? Most Americans can't answer that

Inflation is exacerbating a problem for millions of retirees.

By Steve Randall
As AI notetaking booms at RIAs, what guardrails are being put in place?
RIA NEWS MAY 21, 2025
As AI notetaking booms at RIAs, what guardrails are being put in place?

Integrated Partners President Andree Mohr highlights due diligence around data, CRM integration, and advisor training as key steps in firms' adoption journey.

By Leo Almazora
Morningstar study on long-term care costs gets pushback from think tank
RETIREMENT PLANNING MAY 21, 2025
Morningstar study on long-term care costs gets pushback from think tank

Assumptions of dour retirement outcomes from paying for long-term services and support are patently divorced from reality, argues the American Enterprise Institute.

By Leo Almazora
Florida firm hit with six-figure fine for non-compliant RILA recommendations
RETIREMENT PLANNING MAY 21, 2025
Florida firm hit with six-figure fine for non-compliant RILA recommendations

FINRA says AAG Capital failed to maintain oversight in line with Reg BI, leading some life insurance customers to give up death benefits worth over $100,000 more than the cash surrender value.

By Leo Almazora
LPL cuts staff at Atria as it pitches stability to Commonwealth advisors
INDEPENDENT BROKER DEALERS MAY 21, 2025
LPL cuts staff at Atria as it pitches stability to Commonwealth advisors

LPL is an acquisition machine, but the two deals are designed differently.

By Bruce Kelly
People moves: LPL expands wealth leadership as Caprock taps M&A veteran
INDEPENDENT BROKER DEALERS MAY 21, 2025
People moves: LPL expands wealth leadership as Caprock taps M&A veteran

LPL is strengthening its high-net-worth planning and tech capabilities while the multi-family office and RIA sets the scene for a selective dealmaking strategy.

By Leo Almazora
SEC, FINRA partnership necessary to 'keep a pulse on the market'
REGULATION AND LEGISLATION MAY 21, 2025
SEC, FINRA partnership necessary to 'keep a pulse on the market'

SEC comissioner Hester Peirce and FINRA CEO Robert Cook stressed the importance of partnership between the two organizations during a recent FSI conference.

RIA beat: $156B Hightower stakes Smith Anglin as Steward Partners acquires Moore's Wealth Management
RIA NEWS MAY 21, 2025
RIA beat: $156B Hightower stakes Smith Anglin as Steward Partners acquires Moore's Wealth Management

Meanwhile, former Bison Wealth-affiliated firm QTR is spreading its wings as a fully independent RIA in Florida.

By Leo Almazora
Morgan Stanley: "Buy America" but not the dollar
WIREHOUSES MAY 21, 2025
Morgan Stanley: "Buy America" but not the dollar

Wall Street strategists see rate cuts ahead.

By Bloomberg