Advisor News

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ESG returns rebound, taking some gas out of performance debate
MUTUAL FUNDS JUN 16, 2023
ESG returns rebound, taking some gas out of performance debate

There are lessons in the data for politicians who are pro- or anti-ESG, but the numbers might be dismissed.

By Emile Hallez
House GOP turns up heat on SEC Chair Gensler
REGULATION, LEGAL & COMPLIANCE JUN 16, 2023
House GOP turns up heat on SEC Chair Gensler

Legislation introduced this week would restructure the agency and remove Gensler from its helm. Two subcommittees will grill agency officials on Thursday.

By Mark Schoeff Jr.
Finra bars advisor who focused on special needs
INDEPENDENT BROKER DEALERS JUN 16, 2023
Finra bars advisor who focused on special needs

Andrew Komarow was featured in InvestmentNews in May 2021 for his focus on understanding special-needs financial planning.

By Bruce Kelly
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC
ALTERNATIVES JUN 16, 2023
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC

Given the three dozen others that have filed for a bitcoin ETF without success, ETF watchers are wondering if BlackRock has an inside track to gain approval.

By Jeff Benjamin
Retirement saving at new high thanks to automatic enrollment
RETIREMENT PLANNING JUN 16, 2023
Retirement saving at new high thanks to automatic enrollment

Vanguard's annual retirement report showed auto enrollment removes a barrier to entry for employees saving for retirement.

By Gregg Greenberg
Financial wellness still has room for improvement, younger workers say
RETIREMENT PLANNING JUN 16, 2023
Financial wellness still has room for improvement, younger workers say

Only 24% of young adults strongly agree that their employer has policies or structures in place to support work-life balance.

By Gregg Greenberg
Justice Department and SEC probe Goldman role in SVB
REGULATION, LEGAL & COMPLIANCE JUN 16, 2023
Justice Department and SEC probe Goldman role in SVB

Regulators are looking at Goldman Sachs' role in Silicon Valley Bank's efforts to raise funds shortly before it collapsed in March.

By Bloomberg
Schwab account migration reminds us why Twitter whining should be taken lightly
FINTECH JUN 15, 2023
Schwab account migration reminds us why Twitter whining should be taken lightly

Both TD Ameritrade and Schwab have been busy addressing migration concerns, but a little perspective would be useful here.

By Ryan W. Neal
Bill restricting ESG passes in North Carolina
REGULATION, LEGAL & COMPLIANCE JUN 15, 2023
Bill restricting ESG passes in North Carolina

The measure, which could survive the governor's veto, would still allow ESG factors that are 'pecuniary.'

By Emile Hallez
Betterment adds 529 plans to workplace benefits offering
FINTECH JUN 15, 2023
Betterment adds 529 plans to workplace benefits offering

The new partnership with Ascensus is the robo-advisor's second foray into college savings plans.

By Ryan W. Neal
Seniors take $28.3 billion hit annually from financial exploitation, AARP finds
REGULATION, LEGAL & COMPLIANCE JUN 15, 2023
Seniors take $28.3 billion hit annually from financial exploitation, AARP finds

Artificial intelligence and restrictions on some transactions by elder customers could help reduce the problem, financial industry officials say.

By Mark Schoeff Jr.
Cetera CEO Antoniades: 'I'm not going anywhere'
INDEPENDENT BROKER DEALERS JUN 15, 2023
Cetera CEO Antoniades: 'I'm not going anywhere'

Regardless, plenty of questions remain about the future of the long-time Cetera executive.

By Bruce Kelly
ESG risks facing biopharmaceutical firms
OPINION JUN 15, 2023
ESG risks facing biopharmaceutical firms

Pricing, product governance and legal liabilities are some of the factors to consider when assessing drug companies.

By Karen Andersen
LPL adds Royal Alliance team overseeing $230 million in assets
INDEPENDENT BROKER DEALERS JUN 15, 2023
LPL adds Royal Alliance team overseeing $230 million in assets

Lexington, Kentucky-based VFG Wealth Management and Benefit Solutions works with both individuals and small businesses.

By InvestmentNews
Social Security benefits targeted for cuts by House conservatives
RETIREMENT PLANNING JUN 15, 2023
Social Security benefits targeted for cuts by House conservatives

A proposal by the House Republican Study Committee would gradually increase the retirement age until it hit 69 for those turning 62 in 2033.

By Bloomberg
Bottled-up rage: Bud Light and ESG, Part II
OPINION JUN 14, 2023
Bottled-up rage: Bud Light and ESG, Part II

Investors who see risk associated with ESG are in for a surprise.

By Emile Hallez
What exactly does financial wellness mean for employers and workers?
RETIREMENT PLANNING JUN 14, 2023
What exactly does financial wellness mean for employers and workers?

Financial wellness looks and feels different across companies, but all programs should provide employees with the tools and confidence they need to achieve their financial goals.

By Gregg Greenberg
Fed puts a hold on rate hikes after 15 months of increases
RETIREMENT PLANNING JUN 14, 2023
Fed puts a hold on rate hikes after 15 months of increases

The Federal Reserve signaled it would likely resume tightening to cool inflation, projecting more increases than economists and investors expected.

By Bloomberg
Finra considers increasing liquidity requirements for brokerages
REGULATION, LEGAL & COMPLIANCE JUN 14, 2023
Finra considers increasing liquidity requirements for brokerages

The regulator is seeking public comment on a concept proposal that would require member firms to maintain sufficient cash and assets to meet obligations during times of stress.

By Mark Schoeff Jr.
House rep wants to keep China and other 'adversaries' out of 401(k)s
RETIREMENT PLANNING JUN 14, 2023
House rep wants to keep China and other 'adversaries' out of 401(k)s

Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'

By Emile Hallez