RIA News

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Despite 20% asset growth, RIA margins declined in 2017
RIA NEWS AUG 01, 2018
Despite 20% asset growth, RIA margins declined in 2017

TD Ameritrade says median operating margin dropped to 20% from 24% in 2016, survey finds.

By InvestmentNews
Where does the proposed indexing of capital gains leave retirement accounts?
IRA ALERT AUG 01, 2018
Where does the proposed indexing of capital gains leave retirement accounts?

Retirement savers have also seen the purchasing power of their savings reduced by inflation.

By Ed Slott
Wells Fargo to pay $2 billion settlement to end loan probe
WIREHOUSES AUG 01, 2018
Wells Fargo to pay $2 billion settlement to end loan probe

Investigation focused on the creation and sale of loans contributing to the 2008 financial crisis.

By Bloomberg
FiNet group managing $675 million becomes an RIA
RIA NEWS AUG 01, 2018
FiNet group managing $675 million becomes an RIA

Wells Fargo, FiNet, punta gorda, florida, landsberg bennett, Michael W. Landsberg, Lew Bennett, Anthony C. Dubbaneh, Fidelity Clearing & Custody Solutions, Merrill Lynch

By Bloomberg
Why the 'Father of the 401(k)' is both right and wrong about small plans
OPINION AUG 01, 2018
Why the 'Father of the 401(k)' is both right and wrong about small plans

Small 401(k) plans may have flaws, such as cost, but there are trade-offs involved in using alternate solutions.

By Fred Barstein
Former dissident candidate for Finra board now runs with board imprimatur
REGULATION AND LEGISLATION AUG 01, 2018
Former dissident candidate for Finra board now runs with board imprimatur

By Mark Schoeff Jr.
RETIREMENT PLANNING AUG 01, 2018
Get Ready to Guide Clients Through Income Distribution

If you can't guide retirees through income distribution, it could prove costly. Learn tips and strategies to help get started helping clients through this new stage in life.

By Zach Parker, Securities America vice president of Wealth Management Product Strategy
New tax rules strike fear into U.S. expat business owners
RIA NEWS JUL 31, 2018
New tax rules strike fear into U.S. expat business owners

Multinationals face a one-time repatriation levy of up to 17.5%, plus annual Gilti levy.

By Bloomberg
Merger and acquisition activity drops dramatically in the second quarter
RIA NEWS JUL 31, 2018
Merger and acquisition activity drops dramatically in the second quarter

While the number of deals is declining, the size of the average deal is growing.

By Bloomberg
Vitesse Media to buy InvestmentNews in $27.1M deal
RIA NEWS JUL 31, 2018
Vitesse Media to buy InvestmentNews in $27.1M deal

London-based buyer to gain toehold in U.S. media market in transaction expected to close mid-August. InvestmentNews leadership team remains intact.

By InvestmentNews
Four Wells Fargo reps managing $550 million go indie with Raymond James
INDEPENDENT BROKER DEALERS JUL 31, 2018
Four Wells Fargo reps managing $550 million go indie with Raymond James

Each will operate his own businesses from one location in Roswell, Ga.

By InvestmentNews
Waddell & Reed continues to shed brokers, though productivity rises
RIA NEWS JUL 31, 2018
Waddell & Reed continues to shed brokers, though productivity rises

Adviser headcount was down 3.4% in second quarter, but productivity was up 35%.

By Bruce Kelly
REGULATION AND LEGISLATION JUL 31, 2018
Brokerages unnerved by parts of SEC advice rule that echo DOL fiduciary rule

Industry lobbyist suggests regulator avoid 'prescriptive' language for mitigating conflicts.

By Mark Schoeff Jr.
7 Surprising Facts About the Social Security Earnings Test
RETIREMENT PLANNING JUL 31, 2018
7 Surprising Facts About the Social Security Earnings Test

Benefits lost to excess earnings are restored at full retirement age.

By Mary Beth Franklin
NYU beats back Jerry Schlichter and 403(b) lawsuit
RETIREMENT PLANNING JUL 31, 2018
NYU beats back Jerry Schlichter and 403(b) lawsuit

A federal judge ruled the university did not act imprudently with employee retirement plans.

By Ryan W. Neal
Wall Street fears new international tax
WIREHOUSES JUL 30, 2018
Wall Street fears new international tax

Levy on overseas profits was aimed at tech and pharma companies, but quirks in the way it's calculated mean it's likely to hit big banks.

By Bloomberg
Millennial heirs go to summer camp
PRACTICE MANAGEMENT JUL 30, 2018
Millennial heirs go to summer camp

Wealth managers host workshops for the offspring of rich clients to build their brands with the next generation.

By Bloomberg
Eight-person team managing $930 million leaves Merrill Lynch
RIA NEWS JUL 30, 2018
Eight-person team managing $930 million leaves Merrill Lynch

Millennial-dominated group creates hybrid firm and links with Dynasty

By InvestmentNews
Morgan Stanley unveils compensation plan changes for 2019
PRACTICE MANAGEMENT JUL 30, 2018
Morgan Stanley unveils compensation plan changes for 2019

The wirehouse's plan stresses pay incentives at the individual client level, such as for financial planning activity and net new assets.

By Bruce Kelly
LPL CEO Dan Arnold acknowledges mistakes in firm's technology rollout
FINTECH JUL 30, 2018
LPL CEO Dan Arnold acknowledges mistakes in firm's technology rollout

Advisers attending LPL Focus 2018 say CEO realizes the firm botched the ClientWorks launch.

By Ryan W. Neal