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Social Security expert follows her own advice
TAX DEC 09, 2020
Social Security expert follows her own advice

I filed for my Social Security benefits online and you can, too

By Mary Beth Franklin
More than two-thirds of Americans faced financial setbacks in 2020: Fidelity
INDUSTRY NEWS DEC 09, 2020
More than two-thirds of Americans faced financial setbacks in 2020: Fidelity

Four in 10 Americans say they’ll be spending 2021 in 'survival mode' focusing on getting financially stable through next year

By Nicole Casperson
Retirement savings legislation can overcome gridlock, lawmaker says
RETIREMENT PLANNING DEC 09, 2020
Retirement savings legislation can overcome gridlock, lawmaker says

At a Senate hearing, a financial adviser and an insurance executive back small-business incentives and raising RMD age

By Mark Schoeff Jr.
Ray Dalio sees ‘flood of money’ with soaring asset prices
INDUSTRY NEWS DEC 09, 2020
Ray Dalio sees ‘flood of money’ with soaring asset prices

In Reddit Q&A, Dalio recommends 'smart diversification' among asset classes, currencies and countries

By Bloomberg
Paychex to offer pooled employer plan
RETIREMENT PLANNING DEC 09, 2020
Paychex to offer pooled employer plan

The payroll services giant’s program will start Jan. 1

By InvestmentNews
Dimon asks bankers for M&A ideas
INDUSTRY NEWS DEC 09, 2020
Dimon asks bankers for M&A ideas

JPMorgan CEO suggests he would consider acquisitions related to software, fintech or 'something overseas'

By Bloomberg
Fidelity had 'locker room' culture, suit says
INDUSTRY NEWS DEC 09, 2020
Fidelity had 'locker room' culture, suit says

A former employee says male colleagues made offensive colleagues about her pregnancy, rape, women's bodies and slavery

By Bloomberg
Wells Fargo rep managing $120 million goes indie with LPL
BROKER DEALERS DEC 09, 2020
Wells Fargo rep managing $120 million goes indie with LPL

Joe Mastroianni in Venice, Florida, is affiliating with LPL through OSJ Gladstone

By InvestmentNews
Crisis always creates opportunities
OPINION DEC 08, 2020
Crisis always creates opportunities

Forward-thinking advisers who are willing to get uncomfortable by thinking and acting outside the box will have the ability to create their ideal practice

By Joe Lukacs
The real problem behind the Oranj business model
FINTECH DEC 08, 2020
The real problem behind the Oranj business model

Advisers certainly enjoyed free access to products on the platform, but price alone might not have been enough to keep them satisfied

By Nicole Casperson
Allworth Financial to acquire $270 million RIA
RIAS DEC 08, 2020
Allworth Financial to acquire $270 million RIA

Bastoni Financial Services is based in Folsom, California

By InvestmentNews
Kestra unit acquires $500 million RIA
RIAS DEC 08, 2020
Kestra unit acquires $500 million RIA

Bedell Frazier will become part of Bluespring Wealth Partners

By InvestmentNews
Wells Fargo encouraging risk-on investing in 2021
INDUSTRY NEWS DEC 08, 2020
Wells Fargo encouraging risk-on investing in 2021

The company's market watchers see the year ahead as poised for equity performance

By Jeff Benjamin
401(k) lawsuits explode in 2020
RETIREMENT PLANNING DEC 08, 2020
401(k) lawsuits explode in 2020

New cases were filed against employers, and insurers have tamped down limits on fiduciary liability coverage

By Emile Hallez
SIFMA wants new SEC to give Reg BI time to work
REGULATION AND LEGISLATION DEC 08, 2020
SIFMA wants new SEC to give Reg BI time to work

The major financial industry group said the current agency has vowed for tough enforcement of the rule

By Mark Schoeff Jr.
‘Moneymaking and money losing.’ Amid fallout from GameStop, what will regulators do?
INDUSTRY NEWS DEC 08, 2020
‘Moneymaking and money losing.’ Amid fallout from GameStop, what will regulators do?

Tyler Gellasch from Healthy Markets discusses the potential regulatory fallout from the recent social media-fueled trading frenzy.

By InvestmentNews
Bob Dylan's tax planning could be tangled up in ... green?
IRA ALERT DEC 08, 2020
Bob Dylan's tax planning could be tangled up in ... green?

The Nobel Prize-winning musician may have sold his song collection, but 'Don’t Think Twice, It’s Alright,' because it’s a good year-end tax strategy

By Ed Slott
Vanguard makes rare retreat as price war starts to take toll
MUTUAL FUNDS DEC 08, 2020
Vanguard makes rare retreat as price war starts to take toll

Net flows for the asset manager slowed in 2020 as rivals continued to roll out similar products and amid the rise of robo advice and almost-free trades

By Bloomberg
Protecting independent contractor status for advisers
OPINION DEC 08, 2020
Protecting independent contractor status for advisers

Proposed Labor Department amendments to the Fair Labor Standards Act and pending legislation in the Senate are the latest challenges in this area

By Dale Brown
Student loan borrowers worse off now than in the spring, survey finds
INDUSTRY NEWS DEC 07, 2020
Student loan borrowers worse off now than in the spring, survey finds

More than half of borrowers surveyed claim poor or very poor financial wellness

By InvestmentNews