RIA News

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Inflation roiling retirees, especially boomers, says Goldman survey
RETIREMENT PLANNING OCT 12, 2022
Inflation roiling retirees, especially boomers, says Goldman survey

A mere 7% of retirees stopped working because their savings were sufficient to fund their retirement, according to the report.

By Gregg Greenberg
Simplify donates ETF’s $100,000 net profit to cancer group
MUTUAL FUNDS OCT 12, 2022
Simplify donates ETF’s $100,000 net profit to cancer group

The ETF is designed so that all net profits from managing the fund are donated to Susan G. Komen on an annual basis.

By InvestmentNews
US core inflation set to return to four-decade high
RIA NEWS OCT 12, 2022
US core inflation set to return to four-decade high

Thursday’s CPI report is expected to keep pushing the Federal Reserve on path to a big November rate hike.

By Bloomberg
Baird team managing $2.9 billion jumps to Raymond James
RIA NEWS OCT 11, 2022
Baird team managing $2.9 billion jumps to Raymond James

The eight-adviser group, which operates as The Wise Investor Group of Raymond James in Reston, Virginia, joins the firm's employee channel.

By InvestmentNews
Year-end tax planning for retirees
RETIREMENT PLANNING OCT 11, 2022
Year-end tax planning for retirees

Tax-loss harvesting and charitable contributions can lower what retirees owe the IRS.

By Mary Beth Franklin
Four Raymond James reps managing $375 million go indie with LPL
RIA NEWS OCT 11, 2022
Four Raymond James reps managing $375 million go indie with LPL

The managing partners of The Albany Group, which is based in Decatur, Alabama, use LPL's services for breakaway brokers.

By InvestmentNews
XYPN Live celebrates growth of fee-for-service financial planning
RIA NEWS OCT 11, 2022
XYPN Live celebrates growth of fee-for-service financial planning

The network added 186 new registered investment advisers to its ranks in 2021, bringing its total membership for more than 1,200 firms.

By Ryan W. Neal
Here’s why organic growth still drives the advice industry
RIA NEWS OCT 11, 2022
Here’s why organic growth still drives the advice industry

While there are techniques galore for recruiting new clients, it all comes down to hustle and hard work.

By Jeff Benjamin
More millennials turning to alternative investments to fund their futures
ALTERNATIVES OCT 11, 2022
More millennials turning to alternative investments to fund their futures

A BofA survey finds that wealthy young investors have lost confidence in the stock market as a primary vehicle for creating wealth and instead prefer assets like cryptocurrency, real estate and private equity.

By Bloomberg
Edward Jones adviser managing $331 million opts for Ameriprise
RIA NEWS OCT 11, 2022
Edward Jones adviser managing $331 million opts for Ameriprise

Cate Grinney forms all-female indie firm in Fairbault, Minnesota, and affiliates with the independent channel of Ameriprise.

By InvestmentNews
Billion-dollar Merrill team bolts
RIA NEWS OCT 11, 2022
Billion-dollar Merrill team bolts

Trio of advisers launch Beverly Hills Private Wealth as an independent registered investment adviser and selects Goldman as custodian.

By InvestmentNews
Procrastinating Americans putting off estate plans, says D.A. Davidson survey
RETIREMENT PLANNING OCT 11, 2022
Procrastinating Americans putting off estate plans, says D.A. Davidson survey

Just 34% of adult Americans have an estate plan and 37% of respondents said they didn't have a plan at the ready.

By Gregg Greenberg
Rising interest rates make cash management fun again
EQUITIES OCT 10, 2022
Rising interest rates make cash management fun again

Financial advisers are adding value by finding higher yields for clients' cash balances.

By Jeff Benjamin
Financial adviser guilty of fraud in case related to client's murder
INDEPENDENT BROKER DEALERS OCT 10, 2022
Financial adviser guilty of fraud in case related to client's murder

The alleged killer, Keith Todd Ashley, tried to make his client's death look like a suicide.

By Bruce Kelly
The IRS answers a crucial penalty question for missed RMDs
IRA ALERT OCT 10, 2022
The IRS answers a crucial penalty question for missed RMDs

The tax collector says there will be no 50% penalty for missed 2021 and 2022 RMDs for beneficiaries subject to the 10-year rule.

By Ed Slott
Ben Bernanke, two colleagues awarded Nobel Prize in Economics
REGULATION AND LEGISLATION OCT 10, 2022
Ben Bernanke, two colleagues awarded Nobel Prize in Economics

By honoring Bernanke, the prize committee have taken an unusual step of adding an actual practitioner of economics policy to their pantheon.

By Bloomberg
A marketing conundrum
RIA NEWS OCT 10, 2022
A marketing conundrum

Hitting the sweet spot between taking advantage of new marketing opportunities and staying in compliance with the SEC marketing rule will be a big challenge for advisers.

By Mark Schoeff Jr.
The ‘best’ way to pay for advice
PRACTICE MANAGEMENT OCT 10, 2022
The ‘best’ way to pay for advice

An adviser who’s honest and transparent about compensation, regardless of the model, is bound to engender the trust that advice seekers want most of all.

By InvestmentNews
DOL set to finalize ESG rule for retirement plans
RETIREMENT PLANNING OCT 07, 2022
DOL set to finalize ESG rule for retirement plans

The final rule is coming out at a time when sustainable investing has become a political flashpoint.

By Emile Hallez
Strong job market not enough to calm nervous employees
RETIREMENT PLANNING OCT 07, 2022
Strong job market not enough to calm nervous employees

62% of workers have cut their contributions to their savings in response to the economic impacts related to inflation or concerns about a recession.

By Gregg Greenberg