Advisor News

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Regulatory amnesty opens advisers' eyes to past wrongs
REGULATION AND LEGISLATION MAR 16, 2019
Regulatory amnesty opens advisers' eyes to past wrongs

SEC, Finra shining spotlight on problems that can no longer be overlooked.

By crain-api
LPL's record recruiting year came with a cost — signing bonuses skyrocketed in 2018
INDEPENDENT BROKER DEALERS MAR 15, 2019
LPL's record recruiting year came with a cost — signing bonuses skyrocketed in 2018

The independent broker-dealer had $233.3 million in recruiting loans on its books, a 46% increase over 2017.

By Bruce Kelly
SEC promises revised advertising rule soon
RIA NEWS MAR 15, 2019
SEC promises revised advertising rule soon

Investment Management director Dalia Blass says current rule disconnected from way world works.

By Mark Schoeff Jr.
Independent advisory firms plan to increase digital marketing budgets this year
FINTECH MAR 15, 2019
Independent advisory firms plan to increase digital marketing budgets this year

Only 29% of firms currently use digital marketing solutions, but many intend to spend more.

By Ellie Zhu
Envestnet MoneyGuide deal will have a massive impact on the advice industry
FINTECH MAR 15, 2019
Envestnet MoneyGuide deal will have a massive impact on the advice industry

Transaction leaves two big players in the market for financial planning software, Envestnet MoneyGuide and Fidelity's eMoney.

By Ryan W. Neal
Sweeping Ed Butowsky lawsuit takes on 'left-wing media bias'
RIA NEWS MAR 14, 2019
Sweeping Ed Butowsky lawsuit takes on 'left-wing media bias'

Texas financial adviser claims'false allegations' by New York Times, CNN, Turner Broadcasting and Democratic National Committee 'upended' his life and business

By Jeff Benjamin
Investment bank launches digital loan platform for advisers
RIA NEWS MAR 14, 2019
Investment bank launches digital loan platform for advisers

SkyView Partners says 16 banks currently have access to online marketplace.

By InvestmentNews
Wells Fargo CEO Tim Sloan gets 5.7 percent pay boost, $2 million bonus
PRACTICE MANAGEMENT MAR 14, 2019
Wells Fargo CEO Tim Sloan gets 5.7 percent pay boost, $2 million bonus

He received $2.4 million in salary and $14 million of restricted stock linked to performance goals.

By Bloomberg
Wedbush to pay $250,000 penalty to settle SEC charges
REGULATION AND LEGISLATION MAR 14, 2019
Wedbush to pay $250,000 penalty to settle SEC charges

Firm also censured for ignoring 'red flags' of pump-and-dump scheme.

By InvestmentNews
House Democrats call on SEC to strengthen Regulation Best Interest
REGULATION AND LEGISLATION MAR 14, 2019
House Democrats call on SEC to strengthen Regulation Best Interest

At subcommittee hearing Thursday, congress members express concerns about investor protection under agency's advice reform proposal.

By Mark Schoeff Jr.
Genworth move could signal big shift in distribution of long-term-care insurance
RETIREMENT PLANNING MAR 14, 2019
Genworth move could signal big shift in distribution of long-term-care insurance

Insurers may turn to direct-to-consumer sales only, bypassing brokers and insurance agents.

By Greg Iacurci
Be sure your clients use nondeductible IRA contributions correctly
RETIREMENT PLANNING MAR 14, 2019
Be sure your clients use nondeductible IRA contributions correctly

Advisers need to help their clients avoid common tax mistakes that can complicate things later in life.

By Tim Steffen
Wealth managers ignore 401(k) plans at their peril
RETIREMENT PLANNING MAR 14, 2019
Wealth managers ignore 401(k) plans at their peril

Wealth managers may scoff at 401(k) clients, but they become susceptible to losing current clients as a result.

By Fred Barstein
Envestnet acquires MoneyGuide for $500 million
FINTECH MAR 14, 2019
Envestnet acquires MoneyGuide for $500 million

Deal will allow Envestnet to deepen integrations between MoneyGuide and its other wealth management solutions.

By Ryan W. Neal
Brown University settles 403(b) lawsuit for $3.5 million
RETIREMENT PLANNING MAR 13, 2019
Brown University settles 403(b) lawsuit for $3.5 million

Brown is one of a handful of universities to settle claims over alleged retirement plan mismanagement.

By Greg Iacurci
Mortgage industry seeks to revive most hated loan in America
RETIREMENT PLANNING MAR 13, 2019
Mortgage industry seeks to revive most hated loan in America

Replacing actors such as Tom Selleck in TV ads, academics with interests in the industy are putting a positive spin on reverse mortgages.

By Bloomberg
Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule
REGULATION AND LEGISLATION MAR 13, 2019
Morgan Stanley threatens to pull out of Nevada over state's fiduciary rule

Wirehouse says it would not be able to work there under state's current proposal.

By Bruce Kelly
Advisers see college admissions scandal as tip of the iceberg
RIA NEWS MAR 13, 2019
Advisers see college admissions scandal as tip of the iceberg

Parents' conduct is described as 'disgusting' but not surprising given the current state of higher education.

By Jeff Benjamin
How to achieve a client-centric practice
OPINION MAR 13, 2019
How to achieve a client-centric practice

Advisers can deliver unparalleled value by delivering solid financial advice in a trusted human relationship through a highly personalized experience

By Ken Cella
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC
REGULATION AND LEGISLATION MAR 13, 2019
Opponents of Maryland fiduciary bill tell lawmakers to wait on SEC

Supporter praises state for stepping in where federal regulator falls short.

By Mark Schoeff Jr.