Advisor News

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Robinhood accused of offering customers credits to squelch suits
FINTECH MAR 27, 2020
Robinhood accused of offering customers credits to squelch suits

Attorneys for users suing the company asked a judge to order Robinhood to stop sending 'misleading communications'

By Bloomberg
The virus we're not containing
OPINION MAR 27, 2020
The virus we're not containing

Conflicts of interest are a threat, but some regulators don't seem to see the need to restrain them

By Knut Rostad
Coronavirus stimulus package passes House, gets mixed adviser reviews
RETIREMENT PLANNING MAR 27, 2020
Coronavirus stimulus package passes House, gets mixed adviser reviews

The $2.2 trillion bill will boost unemployment benefits and small-business loans, but some advisers said that might not be enough

By Mark Schoeff Jr.
Northwestern University wins appeal in 403(b) case
RETIREMENT PLANNING MAR 27, 2020
Northwestern University wins appeal in 403(b) case

The lawsuit had charged university representatives with failing to negotiate a better deal for the participants in its retirement plan

By InvestmentNews
3 Questions: Adding video with Megan Carpenter
FINTECH MAR 27, 2020
3 Questions: Adding video with Megan Carpenter

The CEO of FiComm Partners talks about how advisers can best work video into their mix of client communications

By InvestmentNews
Top 9 firms for do-it-yourself investors
FINTECH MAR 27, 2020
Top 9 firms for do-it-yourself investors

Self-directed investors are looking for more of a human touch, according to J.D. Power's annual study

By InvestmentNews
Use a nonfinancial emergency fund amid coronavirus
OPINION MAR 27, 2020
Use a nonfinancial emergency fund amid coronavirus

Help your clients — and yourself — stay mentally and physically strong during these stressful and isolating times

By Kol Chu Birke
Wells Fargo suspends job cuts
PRACTICE MANAGEMENT MAR 27, 2020
Wells Fargo suspends job cuts

It joins Citigroup and Morgan Stanley, as well as some European banks, in pledging to preserve jobs amid the pandemic

By Bloomberg
Plan advisers may lose business as 401(k) sponsors struggle
RETIREMENT PLANNING MAR 26, 2020
Plan advisers may lose business as 401(k) sponsors struggle

As unemployment claims hit an all-time high, companies are considering ways to cut costs

By Emile Hallez
Wells Fargo Advisors reverses plan to charge more clients an account fee
PRACTICE MANAGEMENT MAR 26, 2020
Wells Fargo Advisors reverses plan to charge more clients an account fee

The firm is altering a plan that was unpopular with some advisers

By Bruce Kelly
Finra cancels annual conference in response to COVID-19 outbreak
PRACTICE MANAGEMENT MAR 26, 2020
Finra cancels annual conference in response to COVID-19 outbreak

The organization’s premier event sets the tone for its oversight of brokerages

By Mark Schoeff Jr.
Top 10 advice firms ranked by investor satisfaction in 2020
RIA NEWS MAR 26, 2020
Top 10 advice firms ranked by investor satisfaction in 2020

Advisory firms headed into this year’s market turmoil with happy customers, according to J.D. Power's latest survey of investors' satisfaction with their advisers

By InvestmentNews
Morgan Stanley CEO vows no layoffs in 2020
PRACTICE MANAGEMENT MAR 26, 2020
Morgan Stanley CEO vows no layoffs in 2020

The bank's shares are off 30% so far this year amid concerns about loan losses and the impact of low rates on margins

By Bloomberg
Companies slash 401(k) contributions amid COVID-19
RETIREMENT PLANNING MAR 26, 2020
Companies slash 401(k) contributions amid COVID-19

Retirement plan sponsors are seeking to reduce costs as they struggle to deal with the pandemic

By Emile Hallez
How contagious illness planning differs from business continuity planning
OPINION MAR 26, 2020
How contagious illness planning differs from business continuity planning

Unlike other business disruptions, contagious illness is not likely to be resolved quickly and it can come in waves across multiple locations

By Michelle Cross
SEC lifts borrowing rules for funds hit by liquidity crunch
PRACTICE MANAGEMENT MAR 26, 2020
SEC lifts borrowing rules for funds hit by liquidity crunch

The regulator is allowing mutual funds to borrow from managers or other funds to meet redemption requests

By Emile Hallez
House under pressure to act on Senate’s $2 trillion stimulus package
REGULATION AND LEGISLATION MAR 26, 2020
House under pressure to act on Senate’s $2 trillion stimulus package

The House is scheduled to vote Friday; President Trump has said he would sign the legislation immediately

By Bloomberg
An update for our Morning 5 readers
OPINION MAR 25, 2020
An update for our Morning 5 readers

Effective Monday, InvestmentNews will be consolidating our IN Daily and Morning 5 newsletters

By George Moriarty
Senate coronavirus stimulus bill waives RMDs this year
RETIREMENT PLANNING MAR 25, 2020
Senate coronavirus stimulus bill waives RMDs this year

The final measure also makes it easier to withdraw funds from retirement accounts in an emergency

By Mark Schoeff Jr.
SEC further extends filing deadline; Finra pushes arb hearings back again
RIA NEWS MAR 25, 2020
SEC further extends filing deadline; Finra pushes arb hearings back again

New SEC order eases requirement for advisory firms to explain why they need to delay ADVs

By Mark Schoeff Jr.