RIA News

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Ameriprise's indie unit nabs woman-led team managing $1.7 billion
INDEPENDENT BROKER DEALERS JUL 05, 2022
Ameriprise's indie unit nabs woman-led team managing $1.7 billion

Jennifer Marcontell had been with Edward Jones for 22 years in Baytown, Texas.

By InvestmentNews
Colliers takes 75% interest in Versus Capital
RIA NEWS JUL 05, 2022
Colliers takes 75% interest in Versus Capital

Versus is a Denver-based alternatives firm managing approximately $6 billion in two funds.

By InvestmentNews
New ETFs only invest at night and aim for dreamy returns
RIA NEWS JUL 05, 2022
New ETFs only invest at night and aim for dreamy returns

The NightShares strategy involves buying the index at the end of the day and selling it every morning.

By Jeff Benjamin
90-year-old Morgan Stanley broker arrested after shooting business partner
WIREHOUSES JUL 05, 2022
90-year-old Morgan Stanley broker arrested after shooting business partner

Leonard Bernstein is accused of shooting his 61-year-old colleague multiple times in an Oklahoma City branch office.

By Ryan W. Neal
Personalization, technology best ways to get retirement back on track: Goldman
RETIREMENT PLANNING JUL 05, 2022
Personalization, technology best ways to get retirement back on track: Goldman

A Goldman Sachs study details how life events can impede retirement savings and can have a significant impact on how much an individual saves for retirement.

By Gregg Greenberg
ESG advocates warn of fallout from SCOTUS EPA ruling
RIA NEWS JUL 05, 2022
ESG advocates warn of fallout from SCOTUS EPA ruling

The decision means corporate engagement on emissions is likely more important than ever.

By Emile Hallez
JPMorgan cuts growth forecasts 'perilously close' to recession
RIA NEWS JUL 05, 2022
JPMorgan cuts growth forecasts 'perilously close' to recession

The reduced its estimate for annualized gross domestic product growth to 1% for the second quarter, down from 2.5% previously.

By Bloomberg
Ride the annuity bull market (while you can)
RETIREMENT PLANNING JUL 01, 2022
Ride the annuity bull market (while you can)

The first half sell-off in both stocks and bonds has opened the door for annuities and those selling them.

By Gregg Greenberg
HSBC hires RadiantESG to give fund ESG treatment
RIA NEWS JUL 01, 2022
HSBC hires RadiantESG to give fund ESG treatment

The mandate to redo the bank's small- and mid-cap growth mutual fund represents RadiantESG's second portfolio.

By Emile Hallez
Consistent participation in 401(k) plans key to account balance growth, study finds
RETIREMENT PLANNING JUL 01, 2022
Consistent participation in 401(k) plans key to account balance growth, study finds

Those who kept contributing accumulated the most, according to the Investment Company Institute and the Employee Benefit Research Institute.

By InvestmentNews
It's not too late to join the liquid alts party, Morningstar says
RIA NEWS JUL 01, 2022
It's not too late to join the liquid alts party, Morningstar says

Key to allocating to funds employing alternative strategies is knowing what to expect and not trying to time investments.

By Jeff Benjamin
Advisers predict 4.4% gain in S&P 500 for 2022
RIA NEWS JUL 01, 2022
Advisers predict 4.4% gain in S&P 500 for 2022

Natixis survey finds widespread optimism despite the worst first-half in the equity market since 1970.

By InvestmentNews
Scrutiny of ESG investments heralds better days ahead, managers say
RIA NEWS JUL 01, 2022
Scrutiny of ESG investments heralds better days ahead, managers say

Tough examination of loosely regulated funds with higher environmental, social and governance standards could help the industry, sustainable fund managers say.

By Bloomberg
Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit
ALTERNATIVES JUN 30, 2022
Finra arbitration orders D.E. Shaw to pay former manager $52 million in defamation suit

Four years after being fired for sexual misconduct, Daniel Michalow wins his defamation case against the $60 billion hedge fund.

By Jeff Benjamin
Gensler: SEC working on bulletins to illuminate aspects of Reg BI
REGULATION AND LEGISLATION JUN 30, 2022
Gensler: SEC working on bulletins to illuminate aspects of Reg BI

On the second anniversary of its going into force, the SEC chief is trying to get the most out of a rule he inherited.

By Mark Schoeff Jr.
Pontera expands access to held-away account management with GeoWealth partnership
RETIREMENT PLANNING JUN 30, 2022
Pontera expands access to held-away account management with GeoWealth partnership

Fintech company Pontera is continuing its partnership spree in hopes of giving more financial advisers the ability to manage client assets in held-away retirement accounts.

By Ryan W. Neal
UBS to pay punitive damages in $1.3 million arbitration loss over options strategy
ALTERNATIVES JUN 30, 2022
UBS to pay punitive damages in $1.3 million arbitration loss over options strategy

The award contains two unusual features: $500,000 in punitive damages to the clients and a two-to-one split decision among the three-person panel.

By Bruce Kelly
Registrations soar ahead of California auto-IRA deadline
RETIREMENT PLANNING JUN 30, 2022
Registrations soar ahead of California auto-IRA deadline

More than 87,000 employers have already registered for CalSavers, which launched in 2019.

By Gregg Greenberg
Social Security program needs reform now
RETIREMENT PLANNING JUN 30, 2022
Social Security program needs reform now

Congress continues to ignore the fact that Social Security's trust fund is expected to run out of money in 2035, which would result in a 20% cut in benefits.

By Mary Beth Franklin
Texas advisers managing $220 million switch to Raymond James from LPL
RIA NEWS JUN 30, 2022
Texas advisers managing $220 million switch to Raymond James from LPL

Jon Burnett, Daniel Fowler and Chad Carlile have joined the firm’s independent adviser channel.

By InvestmentNews