Advisor News

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UBS family office clients look to hedge funds amid volatility
WIREHOUSES MAY 21, 2025
UBS family office clients look to hedge funds amid volatility

Global trade tensions are the top risk cited by survey participants.

By Bloomberg
Morgan Stanley sees these stocks as good bet despite 17-year high
WIREHOUSES MAY 21, 2025
Morgan Stanley sees these stocks as good bet despite 17-year high

Analysts believe one major banking sector has more room to gain.

By Bloomberg
Americans are losing hope of reaching their financial goals
RETIREMENT PLANNING MAY 21, 2025
Americans are losing hope of reaching their financial goals

Confidence is weakening and retirement savings are lacking.

By Steve Randall
Retirement investing is getting personal. Advisors must proceed wisely
OPINION MAY 20, 2025
Retirement investing is getting personal. Advisors must proceed wisely

With a wider menu of managed accounts coming in the 401(k) space, advisors must be prepared with a process to determine when more personalized service is a good fit for participants.

By Ronnie Cox
'Disgruntled' ex-Wells Fargo advisor loses fight with firm over loan money
INDEPENDENT BROKER DEALERS MAY 20, 2025
'Disgruntled' ex-Wells Fargo advisor loses fight with firm over loan money

An effort by the advisor to move to the bank's independent contractor division proved to be a critical detail to the dispute.

By Bruce Kelly
Ex-Osaic advisor fined over failure to declare $1M bequest
INDEPENDENT BROKER DEALERS MAY 20, 2025
Ex-Osaic advisor fined over failure to declare $1M bequest

The New York-based advisor, formerly affiliated with Securities America, has also been suspended for failing to disclose his status as a beneficiary.

By Leo Almazora
Are advisors missing retirees' needs in 'fragile decade'?
RETIREMENT PLANNING MAY 20, 2025
Are advisors missing retirees' needs in 'fragile decade'?

Survey suggests financial professionals are falling behind investors' need for guaranteed income and asset protection in their golden years.

By Leo Almazora
RIA acquirer Bluespring welcomes Georgia-based Clarivise Private Wealth
RIA NEWS MAY 20, 2025
RIA acquirer Bluespring welcomes Georgia-based Clarivise Private Wealth

The Alpharetta-based advisor ensemble enters a new chapter in its partnership with the Kestra Financial subsidiary.

By Leo Almazora
Advisor moves: LPL adds Ameriprise duo, Janney advisor joins FiNet
INDEPENDENT BROKER DEALERS MAY 20, 2025
Advisor moves: LPL adds Ameriprise duo, Janney advisor joins FiNet

The newest transitioners bolster LPL and Wells Fargo's talent pool in Texas and North Carolina, respectively.

By Leo Almazora
401(k) savers say retirement income security should be a shared responsibility
RETIREMENT PLANNING MAY 20, 2025
401(k) savers say retirement income security should be a shared responsibility

Fixed annuity options are of growing interest among employees.

By Steve Randall
Wirehouse advisors lead broker-dealers, RIAs in direct indexing bullishness: survey
RIA NEWS MAY 19, 2025
Wirehouse advisors lead broker-dealers, RIAs in direct indexing bullishness: survey

Two-thirds of direct indexing users expect to ramp up adoption, particularly in the high-net-worth space, though many still face operational barriers.

By Leo Almazora
CFO exits B. Riley after beleaguered firm's latest missed deadline
INDEPENDENT BROKER DEALERS MAY 19, 2025
CFO exits B. Riley after beleaguered firm's latest missed deadline

The incoming executive, whose career includes a stint at Wells Fargo Advisors, comes with significant experience in staging corporate turnarounds.

By Leo Almazora
SEC looks to revisit private fund investment rules
ALTERNATIVES MAY 19, 2025
SEC looks to revisit private fund investment rules

The agency's new chairman Paul Atkins says "common-sense" review of 23-year-old restrictions could unlock the $31 trillion industry to more investors.

By Bloomberg
New Jersey court says restitution and disgorgement can both be used in securities fraud cases 
REGULATION AND LEGISLATION MAY 16, 2025
New Jersey court says restitution and disgorgement can both be used in securities fraud cases 

A New Jersey appellate court reinstates regulators' ability to seek both restitution and disgorgement in a securities fraud case involving unregistered investments and diverted investor funds. 

By Matthew Sellers
UBS loses Ocean Capital lawsuit 
REGULATION AND LEGISLATION MAY 16, 2025
UBS loses Ocean Capital lawsuit 

A federal appeals court has sided with activist investors in a closely watched proxy battle involving nine Puerto Rico municipal bond funds.

By Matthew Sellers
Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 
REGULATION AND LEGISLATION MAY 16, 2025
Fidelity National's $250 million investment in F&G Annuities survives Delaware shareholder lawsuit 

Judge rejects shareholder lawsuit targeting Fidelity's preferred stock deal.

By Matthew Sellers
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene
FINTECH MAY 16, 2025
Fintech bytes: Zocks inks new tie-up, Fireflies enters the scene

The newest advisor-focused AI notetaker arrives with a low-price pitch for enterprises – but is it too little, too late to gain market share?

By Leo Almazora
Crypto, collectibles, and lending should count in outside business oversight, NASAA tells Finra
REGULATION AND LEGISLATION MAY 16, 2025
Crypto, collectibles, and lending should count in outside business oversight, NASAA tells Finra

State regulators coalition urge additions to proposed rule change, including activities at unaffiliated investment advisers and stricter recordkeeping.

By Leo Almazora
The business case for giving back: How community engagement strengthens firms and their people
OPINION MAY 16, 2025
The business case for giving back: How community engagement strengthens firms and their people

From creating goodwill to opening doors to partnership and building pride among employees, wealth firms can spark a virtuous cycle as they work to make a difference.

By Katrina Radenberg
Avantax, Cary Street Partners reveal latest acquisitions
INDEPENDENT BROKER DEALERS MAY 16, 2025
Avantax, Cary Street Partners reveal latest acquisitions

The tax-focused community within Cetera deepens an existing partnership as CSP grows to $10.7 billion in AUM with a new Florida location.

By Leo Almazora