Advisor News

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To spur lending, SEC loosens restrictions on business development companies
ALTERNATIVES APR 09, 2020
To spur lending, SEC loosens restrictions on business development companies

The regulator proposed easing calculations that determine asset coverage ratios, giving BDCs additional flexibility to issue securities

By Mark Schoeff Jr.
Morgan Stanley’s Gorman: I recovered from COVID-19
WIREHOUSES APR 09, 2020
Morgan Stanley’s Gorman: I recovered from COVID-19

The CEO tells employees in a video that he isolated himself at home

By InvestmentNews
Near-retirees drain TDFs at a rapid clip
RETIREMENT PLANNING APR 09, 2020
Near-retirees drain TDFs at a rapid clip

People within 15 years of retirement emptied target-date funds of a net $9.4 billion in March, according to Morningstar

By Emile Hallez
Wealthy win, low-wage earners lose in tax filing extension
REGULATION AND LEGISLATION APR 09, 2020
Wealthy win, low-wage earners lose in tax filing extension

The postponement of the tax deadline is likely to give some wealthy taxpayers an interest-free loan on their tax bills

By Bloomberg
3 suits against JPMorgan Chase’s 401(k) plan are joined
RETIREMENT PLANNING APR 09, 2020
3 suits against JPMorgan Chase’s 401(k) plan are joined

The suits allege fiduciaries failed to secure lower fees for plan participants

By InvestmentNews
Effective leadership during COVID-19
OPINION APR 09, 2020
Effective leadership during COVID-19

In a crisis, when you cannot possibly know all of the facts, input from those you lead is even more important

By Charles Goldman
3 Questions: Michael Kitces on adviser fintech today
FINTECH APR 09, 2020
3 Questions: Michael Kitces on adviser fintech today

Buckingham Wealth Partners' head of planning strategy talks about whether technology is supporting advisers amid the new normal of COVID-19

By InvestmentNews
Fed announces up to $2.3 trillion in aid to businesses, municipalities
REGULATION AND LEGISLATION APR 09, 2020
Fed announces up to $2.3 trillion in aid to businesses, municipalities

The Fed is starting programs to aid small and midsize businesses, as well as state and local governments

By Bloomberg
WIREHOUSES APR 09, 2020
UBS pledges $2 billion to aid small businesses via U.S. plan

Enterpreneurs make up a big part of the firm's US client base, it says

By Bloomberg
Finra rule would require stronger supervision of rogue brokers
REGULATION AND LEGISLATION APR 08, 2020
Finra rule would require stronger supervision of rogue brokers

The proposal allows hearing officers to impose additional supervision requirements for brokers involved in disciplinary matters

By Mark Schoeff Jr.
Dividend cuts shouldn't worry investors
OPINION APR 08, 2020
Dividend cuts shouldn't worry investors

A look at how other recent downturns played out suggests the fears about dividends are overdone

By Nir Kaissar
In times of uncertainty, knowledge is king
OPINION APR 08, 2020
In times of uncertainty, knowledge is king

Having a strong grasp of macroeconomic policies, and their implications for the health of the economy, will better prepare advisers for the current crisis and those going forward

By Paul Cantor
BlackRock partners with Microsoft to bolster Aladdin platform
FINTECH APR 08, 2020
BlackRock partners with Microsoft to bolster Aladdin platform

The asset manager will use the software giant’s Azure cloud platform

By InvestmentNews
Cares Act student-loan relief has few takers
REGULATION AND LEGISLATION APR 07, 2020
Cares Act student-loan relief has few takers

Workers can receive as much as $5,250 for debt repayment, tax free, from employers

By Emile Hallez
Brokers try to figure out what ‘good faith efforts’ mean for Reg BI implementation
REGULATION AND LEGISLATION APR 07, 2020
Brokers try to figure out what ‘good faith efforts’ mean for Reg BI implementation

SEC has released risk alerts outlining examination expectations for Reg BI, Form CRS

By Mark Schoeff Jr.
SoFi to purchase Galileo for $1.2 billion to expand banking tech
FINTECH APR 07, 2020
SoFi to purchase Galileo for $1.2 billion to expand banking tech

The acquisition will help the online lender build up its technology for brokerage and investment services

By Bloomberg
Why marketing really matters now
OPINION APR 07, 2020
Why marketing really matters now

The safest way to sustain your business in volatile times is aggressive promotion of the services your clients value most

By Eric Clarke
Pandemic prompts some to rethink Social Security claiming strategy
RETIREMENT PLANNING APR 07, 2020
Pandemic prompts some to rethink Social Security claiming strategy

Concerns about shrinking portfolios, lost jobs may accelerate claims

By Mary Beth Franklin
Steadiness stands out in times of disruption
OPINION APR 06, 2020
Steadiness stands out in times of disruption

Although the pandemic's human toll and its toll on the markets are not yet clear, advisers must be prepared to address their clients’ concerns

By David Mehlhorn
Advice groups push for tax break for fees in next stimulus package
REGULATION AND LEGISLATION APR 06, 2020
Advice groups push for tax break for fees in next stimulus package

Senate Finance Committee spokesperson says that it's ‘too early to know what the legislation might encompass’

By Mark Schoeff Jr.