Advisor News

Displaying 26773 results
Robinhood outruns rivals in record year for retail investing
FINTECH AUG 10, 2020
Robinhood outruns rivals in record year for retail investing

The trading app is revealing the data for the first time, in the wake of a surge in online dealing among people stuck at home during the coronavirus pandemic

By Bloomberg
Maine legislators on brink of voting for state IRAs
RETIREMENT PLANNING AUG 10, 2020
Maine legislators on brink of voting for state IRAs

A state Senate committee recommends passing the pending bill

By InvestmentNews
Hybrid managing $150 million switches to LPL from Lincoln Financial
INDEPENDENT BROKER DEALERS AUG 10, 2020
Hybrid managing $150 million switches to LPL from Lincoln Financial

Minnesota-based Bialke Financial Partners will operate as an arm of American Bank of the North

By InvestmentNews
Interactive Brokers fined $38 million for lapsed money laundering oversight
PRACTICE MANAGEMENT AUG 10, 2020
Interactive Brokers fined $38 million for lapsed money laundering oversight

Finra, along with two other regulators, levied fines against the broker-dealer for widespread system failures

By Jeff Benjamin
Morgan Stanley team managing $280 million moves to Baird
INDEPENDENT BROKER DEALERS AUG 10, 2020
Morgan Stanley team managing $280 million moves to Baird

Four-person Fischetti Barry group is based in a suburb of Pittsburgh

By InvestmentNews
Wendy Lanton, Jim Nagengast elected Finra governors
REGULATION AND LEGISLATION AUG 10, 2020
Wendy Lanton, Jim Nagengast elected Finra governors

Lanton represents small firms; Nagengast reelected to represent large firms

By InvestmentNews
IRS gives businesses a break for donations related to SALT cap
REGULATION AND LEGISLATION AUG 10, 2020
IRS gives businesses a break for donations related to SALT cap

Businesses that donate to charities in exchange for a state tax credit can deduct those costs from their federal taxes, according to new regulation

By Bloomberg
Trump’s payroll tax deferral raises red flags on Social Security
REGULATION AND LEGISLATION AUG 10, 2020
Trump’s payroll tax deferral raises red flags on Social Security

The president is relying on an expansive and controversial reading of executive power that likely will face legal challenges

By Bloomberg
Pass it along
RETIREMENT PLANNING AUG 09, 2020
Pass it along

Wealth transfer isn’t just for the well-heeled anymore as business owners and families of wide-ranging income levels embrace the latest strategies to keep intergenerational assets in the family — and out of the hands of the IRS

By Emile Hallez
Face-to-face fades away
OPINION AUG 09, 2020
Face-to-face fades away

The shift to virtual may have been messy, but new ways of working and communicating have become the norm

By InvestmentNews
Come together … virtually
FINTECH AUG 09, 2020
Come together … virtually

Just as we’ve all adapted to new realities elsewhere in business, we’re adapting to the new conference reality

By George Moriarty
INmail: Signing up for Medicare nixes HSA contributions
RETIREMENT PLANNING AUG 08, 2020
INmail: Signing up for Medicare nixes HSA contributions

If clients turn 65, and are still working and covered by an employer’s group health insurance plan, should they sign up for Medicare Part A?

By Mary Beth Franklin
Envestnet developing fractional shares for advisers: CEO
FINTECH AUG 07, 2020
Envestnet developing fractional shares for advisers: CEO

The move would be a first by the industry’s largest TAMP by assets

By Nicole Casperson
Envestnet revenue up 5% during pandemic
FINTECH AUG 07, 2020
Envestnet revenue up 5% during pandemic

The TAMP is eyeing ways to ramp up adviser usage of its quantitative portfolios after experiencing double-digit percentage growth during the second quarter

By Nicole Casperson
Evidence emerges of COVID-19’s impact on forced retirement
RETIREMENT PLANNING AUG 07, 2020
Evidence emerges of COVID-19’s impact on forced retirement

Unplanned retirement in the current crisis is higher than during the Great Recession, with women and people of color disproportionately affected, a report finds

By Emile Hallez
UBS cuts ties with some Venezuelan clients amid U.S. sanctions
PRACTICE MANAGEMENT AUG 07, 2020
UBS cuts ties with some Venezuelan clients amid U.S. sanctions

The move affects accounts with links to Venezuela's government or to the state-owned oil company, PDVSA

By Bloomberg
SEC penalizes two RIAs $1 million over order flow payments
REGULATION AND LEGISLATION AUG 07, 2020
SEC penalizes two RIAs $1 million over order flow payments

New Jersey-based WBI Investments and Millington Securities allegedly made misleading statements

By InvestmentNews
SEC charges RIA with insider trading
RIA NEWS AUG 07, 2020
SEC charges RIA with insider trading

Former NFL player Jack Brewer allegedly used nonpublic information to sell shares in COPsync

By InvestmentNews
Senate confirms Peirce, Crenshaw as SEC members
REGULATION AND LEGISLATION AUG 06, 2020
Senate confirms Peirce, Crenshaw as SEC members

Peirce was reappointed to a Republican seat; Crenshaw fills a Democratic slot

By Mark Schoeff Jr.
Charles Schwab to adopt TD Ameritrade’s trading, rebalancing tech
FINTECH AUG 06, 2020
Charles Schwab to adopt TD Ameritrade’s trading, rebalancing tech

The brokerage plans to integrate the popular thinkorswim, thinkpipes and iRebal tools

By Nicole Casperson