Advisor News

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Can your DC plan take a punch?
RETIREMENT PLANNING JUL 25, 2022
Can your DC plan take a punch?

Record inflation and 401(k) statement shock could send some retirement plans down for the count.

By Gregg Greenberg
The best robo-advisers of 2022 so far
FINTECH JUL 24, 2022
The best robo-advisers of 2022 so far

Condor Capital grades the best robo-advisers across 45 metrics, including financial planning, access to human advisers and cost.

By Ryan W. Neal
SEC fines Private Advisor Group $5.8 million for using high-fee mutual funds
INDEPENDENT BROKER DEALERS JUL 22, 2022
SEC fines Private Advisor Group $5.8 million for using high-fee mutual funds

It's the latest action in the SEC's long-running campaign to crack down on disclosure and best-execution failures involving 12b-1 fees.

By Mark Schoeff Jr.
Is the shortfall in retirement savings in America being greatly exaggerated?
RETIREMENT PLANNING JUL 22, 2022
Is the shortfall in retirement savings in America being greatly exaggerated?

InvestmentNews talks with David Musto, CEO of Ascensus, about whether Americans are being overly negative in their assessment of their retirement savings.

By Gregg Greenberg
Ex-Coinbase manager arrested in crypto insider-trading case
ALTERNATIVES JUL 22, 2022
Ex-Coinbase manager arrested in crypto insider-trading case

Ishan Wahi allegedly leaked information to his brother and a friend about when tokens were about to be listed on the exchange.

By Bloomberg
Soothing client concerns about their investments during mergers
OPINION JUL 22, 2022
Soothing client concerns about their investments during mergers

Let's face it, virtually no two firms have the precise same offerings. However, the partnership can work if the firms have complementary investment philosophies.

By Andy Stout
Why ESG funds are used haphazardly in 401(k)s
RETIREMENT PLANNING JUL 22, 2022
Why ESG funds are used haphazardly in 401(k)s

Savers often randomly choose investments, but the future for ESG in retirement plans might still be strong.

By Emile Hallez
UBS loses two more arbitration cases centering on YES options strategy
ALTERNATIVES JUL 21, 2022
UBS loses two more arbitration cases centering on YES options strategy

The firm was ordered to pay more than $450,000 in total this week in separate complaints about the complex product.

By Mark Schoeff Jr.
FPA to push for 'financial planner' title protection
PRACTICE MANAGEMENT JUL 21, 2022
FPA to push for 'financial planner' title protection

Legal recognition of the title is 'a critical step in recognizing financial planning as a distinct, essential profession,' the organization said.

By Bruce Kelly
Inflation, Covid stoking retirement savings fears, says Nationwide survey
RETIREMENT PLANNING JUL 21, 2022
Inflation, Covid stoking retirement savings fears, says Nationwide survey

Two-thirds of Americans worry more now than they did last year about their retirement income, and 70% are concerned that Social Security will run out of funding.

By Gregg Greenberg
All rise! 401(k) legal battles set to surge in second half of year
RETIREMENT PLANNING JUL 20, 2022
All rise! 401(k) legal battles set to surge in second half of year

A couple of major court rulings may lead to more litigation related to defined-contribution retirement plans.

By Gregg Greenberg
Is this the death of 60/40?
OPINION JUL 20, 2022
Is this the death of 60/40?

So far this year, the 60/40 portfolio has posted its worst performance in over 60 years, as both stocks and bonds sold off.

By Rick Bookstaber
Envestnet's Ron Ransom on the biggest challenges facing ESG
FINTECH JUL 20, 2022
Envestnet's Ron Ransom on the biggest challenges facing ESG

The provider of outsourced investment management and financial technology appointed Ransom as group head of ESG, a new role at Envestnet.

By Ryan W. Neal
Sharp exchanges at hearing illuminate debate on SEC's oversight of ESG
REGULATION, LEGAL & COMPLIANCE JUL 20, 2022
Sharp exchanges at hearing illuminate debate on SEC's oversight of ESG

GOP lawmaker grills SEC Enforcement Director Gurbir Grewal on how the agency can crack down on ESG when there's no regulatory definition of ESG.

By Mark Schoeff Jr.
North Dakota shuts down small RIA selling crypto, weed investments
ALTERNATIVES JUL 20, 2022
North Dakota shuts down small RIA selling crypto, weed investments

Jeremy Carlson allegedly acted as an unregistered broker-dealer and salesperson, and engaged in fraudulent practices, according to the state's securities commissioner.

By Bruce Kelly
Confidence in retirement security dropping, inflation not helping: BlackRock study
RETIREMENT PLANNING JUL 20, 2022
Confidence in retirement security dropping, inflation not helping: BlackRock study

The investment giant's latest survey showed more women have concerns than any other group.

By Gregg Greenberg
Edelman Financial Engines launches workplace financial wellness platform
RETIREMENT PLANNING JUL 20, 2022
Edelman Financial Engines launches workplace financial wellness platform

Digital content, webinars, educational tools and access to an adviser are part of the offering.

By InvestmentNews
Two essential retirement guides for women
RETIREMENT PLANNING JUL 19, 2022
Two essential retirement guides for women

Financial planning pioneers share their experiences and wisdom on the challenges of retirement.

By Mary Beth Franklin
SEC enforcement will help ensure Reg BI delivers on investor protection: Grewal
PRACTICE MANAGEMENT JUL 19, 2022
SEC enforcement will help ensure Reg BI delivers on investor protection: Grewal

The first Reg BI enforcement action, filed last month, won't be the last, division director Gurbir Grewal told lawmakers.

By Mark Schoeff Jr.
LPL hires former BNY Mellon exec to head banking
INDEPENDENT BROKER DEALERS JUL 19, 2022
LPL hires former BNY Mellon exec to head banking

Bill Sappington will lead efforts to build the IBD’s banking and lending platform.

By InvestmentNews