RIA News

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US ETFs show extent of damage to Russian stocks
EQUITIES FEB 28, 2022
US ETFs show extent of damage to Russian stocks

Russia's stock market is closed, but the VanEck Russia ETF and the iShares MSCI Russia Capped ETF plunged 26% and 20%, respectively, in U.S. trading early Monday.

By Bloomberg
Selling stocks now entails too much risk: JPMorgan
EQUITIES FEB 28, 2022
Selling stocks now entails too much risk: JPMorgan

The bank's analysts note that most military conflicts end up turning into buying opportunities.

By Bloomberg
Have financial adviser, will travel
RIA NEWS FEB 25, 2022
Have financial adviser, will travel

Jake Northrup caters to upper-income clients who don't subscribe to a 9-to-5, work-till-you're-65 mindset.

By Jeff Benjamin
5 essentials to secure the best valuation for your firm
OPINION FEB 25, 2022
5 essentials to secure the best valuation for your firm

If you're thinking of selling, you should be considering factors like the rate at which your firm is growing, your relationship with your employees, the age of your clients and the state of your tech stack.

By Rick Kent
Firms outline DEI efforts for Black History Month
PRACTICE MANAGEMENT FEB 25, 2022
Firms outline DEI efforts for Black History Month

Financial services companies recognize Black History Month, and DiversityQ has guidance for being a better ally.

By Emile Hallez
Cetera wins $59 million program at Kentucky credit union
INDEPENDENT BROKER DEALERS FEB 25, 2022
Cetera wins $59 million program at Kentucky credit union

Abound Credit Union was formerly affiliated with CUNA Brokerage Services.

By InvestmentNews
Retirees taking lump-sum payouts are depleting them faster
RIA NEWS FEB 25, 2022
Retirees taking lump-sum payouts are depleting them faster

A MetLife study finds the money was gone after 5½ years for 34% who took a lump-sum payment.

By InvestmentNews
NFP acquires $4.6 billion RIA
RIA NEWS FEB 24, 2022
NFP acquires $4.6 billion RIA

AFS Advisors is a Suwanee, Georgia-based registered investment adviser.

By InvestmentNews
Gold emerges once again as rock of stability amid market unrest
ALTERNATIVES FEB 24, 2022
Gold emerges once again as rock of stability amid market unrest

The precious metal is up 4.3% this year, which compares to the 11% drop in the S&P 500 Index.

By Jeff Benjamin
IRS proposal aligns RMD rules with SECURE Act
RETIREMENT PLANNING FEB 24, 2022
IRS proposal aligns RMD rules with SECURE Act

The measure clarifies how the prohibition on 'stretch' IRAs should be applied and provides details on implementing the rise in the RMD age to 72.

By Mark Schoeff Jr.
Financial steps to help close the racial wealth gap
OPINION FEB 24, 2022
Financial steps to help close the racial wealth gap

While the Covid-19 pandemic brought financial challenges for many Americans, African Americans and people of color faced more financial emergencies with fewer economic resources.

By Leo Tucker
Financial advisers downplay geopolitical unrest while preparing for the worst
RIA NEWS FEB 24, 2022
Financial advisers downplay geopolitical unrest while preparing for the worst

Financial markets are reacting to Russia's invasion of Ukraine, while market watchers dissect the bigger picture.

By Jeff Benjamin
Credit union managing $245 million goes to Raymond James
INDEPENDENT BROKER DEALERS FEB 24, 2022
Credit union managing $245 million goes to Raymond James

A solo adviser, along with seven staff members, runs the First Community Credit Union program in Houston, which had been affiliated with CUNA Brokerage Services.

By InvestmentNews
Americans want new ways to generate retirement income
OPINION FEB 24, 2022
Americans want new ways to generate retirement income

Why aren't advisers talking to clients about the solutions that are out there? Many investors are still choosing only traditional investment vehicles and missing the complementary role annuities can play in retirement portfolios.

By Chris Blunt
Betterment pushes into student loan debt with new tools
RETIREMENT PLANNING FEB 23, 2022
Betterment pushes into student loan debt with new tools

In the company’s first foray into the 529 space, the Student Loan Management platform allows workers with a Betterment 401(k) to view their loans alongside their other financial accounts.

By Sean Allocca
Wells Fargo says DOL is probing its 401(k) plan
RETIREMENT PLANNING FEB 23, 2022
Wells Fargo says DOL is probing its 401(k) plan

The bank said regulators including the Labor Department are looking at transactions related to the plan's employee stock ownership feature.

By Bloomberg
CalSavers on hunt for new ESG manager
RETIREMENT PLANNING FEB 23, 2022
CalSavers on hunt for new ESG manager

The automatic IRA program is seeking to fill a spot on its investment menu that is likely being vacated by the BNY Mellon Sustainable Balanced Fund.

By Emile Hallez
Advisers aid widows, fire victims, domestic violence survivors through pro bono work
PRACTICE MANAGEMENT FEB 23, 2022
Advisers aid widows, fire victims, domestic violence survivors through pro bono work

The Financial Planning Association says its members increased the hours they spent providing services to at-risk populations by 18% last year.

By Mark Schoeff Jr.
FeeX lands $80 million and relaunches as Pontera
RETIREMENT PLANNING FEB 23, 2022
FeeX lands $80 million and relaunches as Pontera

In addition to a recent deal with Carson Group in October, other partnerships with Orion Advisor Solutions and Advyzon have proved successful for the company, which claims to have grown 300% in the past three years.

By Sean Allocca
Medicare and same-sex couples
RETIREMENT PLANNING FEB 23, 2022
Medicare and same-sex couples

Married spouses are covered, but domestic partners may be out of luck.

By Mary Beth Franklin