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Wells Fargo’s chair quits ahead of Capitol Hill hearing
PRACTICE MANAGEMENT MAR 09, 2020
Wells Fargo’s chair quits ahead of Capitol Hill hearing

Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday

By Bloomberg
Stocks tumble on oil shock
EQUITIES MAR 09, 2020
Stocks tumble on oil shock

The news that the alliance containing global oil production disintegrated sent stocks plunging

By Bloomberg
Aon to purchase Willis Towers for $30 billion
LIFE INSURANCE AND ANNUITIES MAR 09, 2020
Aon to purchase Willis Towers for $30 billion

The deal will combine the world's second- and third-biggest insurance brokerages

By Bloomberg
Stocks plunge most since financial crisis
EQUITIES MAR 09, 2020
Stocks plunge most since financial crisis

The rout, spurred by tumbling oil prices and growing fear of the coronavirus, put the vitality of the longest-ever bull market in jeopardy

By Bloomberg
Millionaire millennials are real, so start servicing them now
INDUSTRY NEWS MAR 08, 2020
Millionaire millennials are real, so start servicing them now

Who will guide this unwanted cohort’s deceptively bright financial future?

By InvestmentNews
>> Get your advance copy of the new issue
INDUSTRY NEWS MAR 06, 2020
>> Get your advance copy of the new issue

By InvestmentNews
Betterment surpasses $22 billion AUM in 500,000 user accounts
RIAS MAR 06, 2020
Betterment surpasses $22 billion AUM in 500,000 user accounts

The digital adviser believes it remains on track toward its goal of going public

By Ryan W. Neal
Pershing's new custody pricing goes head-to-head with Schwab
RIAS MAR 06, 2020
Pershing's new custody pricing goes head-to-head with Schwab

The new fee models include a zero-transaction-fee structure and a monthly subscription option

By Emile Hallez
Private equity may not be right for HNW clients
OPINION MAR 06, 2020
Private equity may not be right for HNW clients

Most high-net-worth individuals would be better off investing in small-cap securities via mutual funds and ETFs

By Clark Kendall
Wells Fargo cuts outlook for brokerages amid outbreak
INDUSTRY NEWS MAR 06, 2020
Wells Fargo cuts outlook for brokerages amid outbreak

The report slashed share price estimates by 22% on average

By Bruce Kelly
Coronavirus will test your firm's tech
OPINION MAR 06, 2020
Coronavirus will test your firm's tech

Clients don’t need to be sick to feel the impact of the epidemic, and that goes beyond market volatility

By Kyle Hiatt
SEC poised to release guidance on Reg BI implementation this month
ESG MAR 06, 2020
SEC poised to release guidance on Reg BI implementation this month

Other priorities: Probing whether ESG funds live up to the hype, zeroing in on fee conflicts

By Mark Schoeff Jr.
Market plunge tests performance of target-date funds
RETIREMENT PLANNING MAR 06, 2020
Market plunge tests performance of target-date funds

Managers made several changes following the 2008 crisis, including reducing allocations to high-yield bonds and equities

By Emile Hallez
Women have an edge as financial advisers
OPINION MAR 06, 2020
Women have an edge as financial advisers

In a competitive situation, female advisers have a sense of empathy that helps them relate to clients on a personal level

By Erin Botsford
Her Voice Matters: Seeing female leaders will boost women in advice
OPINION MAR 06, 2020
Her Voice Matters: Seeing female leaders will boost women in advice

Retaining women advisers requires career development efforts

By Patty Carter
Fidelity's new mutual funds target HSA investments
RETIREMENT PLANNING MAR 05, 2020
Fidelity's new mutual funds target HSA investments

The products encourage clients to use health savings accounts as investment vehicles

By Emile Hallez
ETF price war sees BNY Mellon launch first no-fee bond fund
ETFS MAR 05, 2020
ETF price war sees BNY Mellon launch first no-fee bond fund

The asset manager is also coming out with a zero-fee large cap equity fund

By Bloomberg
Wells Fargo Advisors imposes account fee on more clients
WIREHOUSES MAR 05, 2020
Wells Fargo Advisors imposes account fee on more clients

Households now need $500,000 in assets, up from $250,000, for Wells Fargo to waive the fee

By Bruce Kelly
Women and retirement preparedness
RETIREMENT PLANNING MAR 05, 2020
Women and retirement preparedness

As International Women's Day approaches this Sunday, female investors continue to face challenges related to longevity and lower lifetime earnings

By Mary Beth Franklin
SEC member: Advertising rule overhaul may be too vague
RIAS MAR 05, 2020
SEC member: Advertising rule overhaul may be too vague

Commissioner Allison Herren Lee expressed concern the changes would cause compliance uncertainty

By Mark Schoeff Jr.