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Advisor Group still facing hurdles on debt: Fitch Ratings
BROKER DEALERS DEC 07, 2020
Advisor Group still facing hurdles on debt: Fitch Ratings

The rating agency kept its junk rating of B- for Advisor Group bonds

By Bruce Kelly
‘Stretching’ those education dollars
INDUSTRY NEWS DEC 07, 2020
‘Stretching’ those education dollars

Parents shouldn’t be put off by the price tag for top tier schools because some are also the most generous in offering financial aid

By Mark Schoeff Jr.
FPA appoints interim chief Patrick Mahoney as CEO
RIAS DEC 07, 2020
FPA appoints interim chief Patrick Mahoney as CEO

The national organization conducted a formal search process before announcing the latest appointment

By InvestmentNews
LPL nabs $900 million hybrid team from Cambridge
RIAS DEC 07, 2020
LPL nabs $900 million hybrid team from Cambridge

The 10-year-old Rosemont Financial Group based in Albany, New York has 11 financial advisers

By InvestmentNews
401(k)s warming to rainy day savings, student loan features
RETIREMENT PLANNING DEC 07, 2020
401(k)s warming to rainy day savings, student loan features

While the majority of plans don't include such options, employers have become more receptive to financial wellness, according to new research

By Emile Hallez
Maxine Waters urges Biden administration to overturn Reg BI
ALTERNATIVES DEC 07, 2020
Maxine Waters urges Biden administration to overturn Reg BI

The Chair of the House Financial Services Committee also targeted rules surrounding opening up private markets

By Mark Schoeff Jr.
Merrill Lynch hit with record $26 million action over broker churning
WIREHOUSES DEC 07, 2020
Merrill Lynch hit with record $26 million action over broker churning

New Hampshire Bureau of Securities Regulation called the settlement the 'largest monetary sanction' in the regulator's history

By Bruce Kelly
INmail: Don’t wait beyond 70 to claim Social Security
RETIREMENT PLANNING DEC 07, 2020
INmail: Don’t wait beyond 70 to claim Social Security

There is no value to delaying Social Security beyond age 70 since delayed retirement credits end then.

By Mary Beth Franklin
JPMorgan warns of crowded trades amid markets’ ‘clear consensus’
INDUSTRY NEWS DEC 07, 2020
JPMorgan warns of crowded trades amid markets’ ‘clear consensus’

Strategists from top financial services firms expect a risk-on environment into 2021 as the global economy recovers from the impact of COVID-19

By Bloomberg
CITs are sweeping through the retail 401(k) market
RETIREMENT PLANNING DEC 07, 2020
CITs are sweeping through the retail 401(k) market

Collective investment trusts are all about pooling assets, which is at the heart of the value of DC plans

By Fred Barstein
5 silver linings to be thankful for in 2020
OPINION DEC 07, 2020
5 silver linings to be thankful for in 2020

It's been a tough year, but here are some things we can all be grateful for

By Kristine McManus
Looking ahead to the next normal
FINTECH DEC 07, 2020
Looking ahead to the next normal

A clear takeaway from the current normal is that reduced opportunities to engage with peers leaves a real void

By George Moriarty
End the confusing muddle of advice standards
OPINION DEC 07, 2020
End the confusing muddle of advice standards

Establishing an easily understood rule for advisers shouldn't be this difficult

By InvestmentNews
How advisers are helping clients rethink their kids’ college experience
INDUSTRY NEWS DEC 07, 2020
How advisers are helping clients rethink their kids’ college experience

Even high-net-worth families are questioning their return on investment as campus life is roiled by COVID-19

By Mark Schoeff Jr.
Why funds must offer advice in 401(k) space
OPINION DEC 07, 2020
Why funds must offer advice in 401(k) space

Because of COVID-19, retirement savers need advice more than they ever did before

By Rob Foregger
Two more big 401(k) lawsuits filed, one dismissed
RETIREMENT PLANNING DEC 04, 2020
Two more big 401(k) lawsuits filed, one dismissed

RR Donnelley and Cognizant Technology Solutions were sued, and Trader Joe's fended off a legal attack

By Emile Hallez
FinHub becomes a separate SEC department
REGULATION AND LEGISLATION DEC 04, 2020
FinHub becomes a separate SEC department

Valerie Szczepanik will continue to head the office

By InvestmentNews
Merrill Lynch keeps grid intact, cuts pay on small accounts
PRACTICE MANAGEMENT DEC 04, 2020
Merrill Lynch keeps grid intact, cuts pay on small accounts

Starting in January, advisers will see a reduction in how they are paid for clients' holdings in cash and on accounts under $250,000

By Bruce Kelly
Goldman Sachs underscores focus on RIAs with sale of Folio retail unit
INDUSTRY NEWS DEC 04, 2020
Goldman Sachs underscores focus on RIAs with sale of Folio retail unit

The sale of 70,000 retail accounts to Interactive Brokers validates the strength of the independent adviser channel, analysts say

By Jeff Benjamin
7 reasons RIAs are adding insurance products
OPINION DEC 04, 2020
7 reasons RIAs are adding insurance products

As more commission-free products come to market, RIA firms are beginning to provide insurance solutions to clients

By David Lau