Advisor News

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LPL cements cybersecurity commitment with C-suite hire
INDEPENDENT BROKER DEALERS DEC 02, 2024
LPL cements cybersecurity commitment with C-suite hire

A veteran of Paypal, the broker-dealer giant's latest executive appointment brings a track record of building industry-leading security solutions.

By Leo Almazora
What financial realities are retirees facing post-pandemic?
RETIREMENT PLANNING NOV 27, 2024
What financial realities are retirees facing post-pandemic?

New retirement research unpacks insights on savings, health, Social Security, and long-term care among retired adults.

By Leo Almazora
BlackRock, Vanguard, and State Street sued in Republican anti-ESG action
REGULATION AND LEGISLATION NOV 27, 2024
BlackRock, Vanguard, and State Street sued in Republican anti-ESG action

Federal complaint filed in Texas court by a consortium of 11 states argues the fund giants used their market power to pressure energy companies and ultimately hurt consumers.

By Leo Almazora
Another InvestCloud veteran joins Communify Fincentric's C-suite
FINTECH NOV 27, 2024
Another InvestCloud veteran joins Communify Fincentric's C-suite

The fintech startup's latest executive hire will lead its efforts in building next-generation portals for clients and advisors while building a new foothold in Florida.

By Leo Almazora
Give millennials participation trophies for effort, author says
RIA NEWS NOV 26, 2024
Give millennials participation trophies for effort, author says

How advisors communicate with people in different age groups matters, as what they value in a professional's experience isn't necessarily the same, generational speaker Cam Martson said.

By Emile Hallez
Morgan Stanley courted AML risks as it wooed wealthy clients, says WSJ report
WIREHOUSES NOV 26, 2024
Morgan Stanley courted AML risks as it wooed wealthy clients, says WSJ report

Amid its aggressive global push, lax procedures at the firm led to one-fourth of international accounts being flagged as high-risk for money laundering, according to a 2023 document.

By Leo Almazora
40-year-old Boston BD closes doors after losing investor complaint
INDEPENDENT BROKER DEALERS NOV 26, 2024
40-year-old Boston BD closes doors after losing investor complaint

Ages Financial Services had about 60 financial advisors registered under its roof.

By Bruce Kelly
Annuity sales keep rocketing as FIA and RILA records propel growth
RETIREMENT PLANNING NOV 26, 2024
Annuity sales keep rocketing as FIA and RILA records propel growth

Latest Limra figures reveal 30 percent annual bump in total annuity sales for the third quarter, with double-digit increases across all product lines.

By Leo Almazora
Citi taps BlackRock alum Kate Moore as wealth CIO
WIREHOUSES NOV 26, 2024
Citi taps BlackRock alum Kate Moore as wealth CIO

The financial industry veteran will be taking over a broad mandate, including developing investment strategies and overseeing multiple groups across Citi's wealth business.

By Leo Almazora
Former Wells Fargo exec Brendan Krebs emerges at PNC
WIREHOUSES NOV 26, 2024
Former Wells Fargo exec Brendan Krebs emerges at PNC

The 25-year industry veteran previously in charge of the Wall Street bank's advisor recruitment efforts is now fulfilling a similar role at a rival firm.

By Leo Almazora
Ramaswamy's Strive rolls out direct indexing on Fidelity, Schwab platforms
FINTECH NOV 26, 2024
Ramaswamy's Strive rolls out direct indexing on Fidelity, Schwab platforms

The $1.8 billion "anti-woke" firm, enabled by a partnership with Vestmark, is giving investors a new means to achieve tax-optimized returns with a pro-shareholder approach.

By Leo Almazora
Ken Leech formally charged by SEC, US Attorney's Office
MUTUAL FUNDS NOV 25, 2024
Ken Leech formally charged by SEC, US Attorney's Office

For several years, Leech allegedly favored some clients in trade allocations, at the cost of others, amounting to $600 million, according to the Department of Justice.

By Emile Hallez
UBS bolsters Miami downtown office with Citi, Wells Fargo, and Truist hires
WIREHOUSES NOV 25, 2024
UBS bolsters Miami downtown office with Citi, Wells Fargo, and Truist hires

The firm is making headway in the Florida wealth market with four wirehouse advisors who collectively oversaw nearly $2 billion at their former firms.

By Leo Almazora
Fintech firm Boosted.ai secures fresh $15M funding
FINTECH NOV 25, 2024
Fintech firm Boosted.ai secures fresh $15M funding

The wealth tech provider's latest financing will go towards growing its agentic AI platform across wealth managers, family offices and other firms across the industry.

By Leo Almazora
Raymond James swipes $514M trio from Morgan Stanley
INDEPENDENT BROKER DEALERS NOV 25, 2024
Raymond James swipes $514M trio from Morgan Stanley

The broker-dealer behemoth extends its footprint further in Florida as it adds the former wirehouse group, including a father-son duo, to its employee advisor division.

By Leo Almazora
Robinhood's Gallagher bows out of race for SEC Chair position
REGULATION AND LEGISLATION NOV 25, 2024
Robinhood's Gallagher bows out of race for SEC Chair position

The top lawyer who helped the retail trading giant navigate the meme-stock frenzy's fallout has removed himself from President-elect Trump's list of prospective nominees.

By Bloomberg
The power of cultivating personal connections
OPINION NOV 22, 2024
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

By Kristine McManus
A variety of succession options
OPINION NOV 22, 2024
A variety of succession options

Whichever path you go down, act now while you're still in control.

By Scott Hanson
LPL raises target for advisors’ bonuses for first time in a decade
INDEPENDENT BROKER DEALERS NOV 22, 2024
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

By Bruce Kelly
What do older Americans have to say about long-term care?
RETIREMENT PLANNING NOV 22, 2024
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

By Leo Almazora