People who self-directed their investments shifted to more conservative allocations, with an average decrease in equities by 17 percentage points during the first quarter of 2020.
The invested money reached $23.8 billion at the end of 2020, up more than 51% from the $15.7 billion seen at the end of 2019, according to a report Monday from HSA research and consulting firm Devenir.
74% of women are interested in increasing the share of environmental, social and governance investments in their portfolio, according to an RBC survey of U.S. clients.
Veteran advisers Kellie Rixse and business partner Jeff Todd make move in Anchorage, Alaska.
The asset manager will undergo a third-party audit of its operations following a request from a shareholder.
Sludge is like an anti-nudge: Rather than removing friction to make a choice simpler, sludge adds friction or complexity to the customer journey for the purpose of entrapping or upselling consumers.
We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.
The advertisement is just the latest ploy in an industry war over the throngs of retail investors flocking to digital wealth platforms. The new account openings will certainly have repercussions.
Data from InvestmentNews Research and an annuities webcast show that more advisers are interested in the products.
Since 2017, the firm has been on the hook for $16 million in legal settlements and restitution to clients, with the lion's share stemming from one broker's sale of alternative investments to a Native American tribe in Michigan.
Personal information used to cross-sell other services is not a plan asset, a court found. Two new 401(k) lawsuits were also filed against Icon Clinical Research and Wesco Distribution.
Errors in computer-generated reports on mutual funds lead to a classic Twitter dust-up in which a disgruntled fund manager challenged the company's analysis of his funds.
Five-person Adapt Partners is joining Rockefeller in San Antonio
Over the past several years, the pace of dealmaking has accelerated, and valuations for desirable RPAs have climbed to earnings multiples that not long ago would have stunned buyers and sellers. That makes the present a very good time to consider becoming part of a larger firm.
Arnerich Massena is shedding retirement assets to focus on private wealth management, endowments and foundations.
The flipside of the new Innovator Capital Management products is the performance is capped and they can be more expensive than some of the cheaper indexed options.
Pacific Investment Consultants is based in Folsom, California.
Three House Democrats say they won't support the tax hikes needed to support the administration's infrastructure proposal unless the plan repeals the cap on state and local tax deductions.
In the final part of a three-part series, the authors examine planning's role in the changing preferences of next-generation clients.
The deal will add more than $1 billion to Beacon Pointe's assets under management.
