RIA News

Displaying 36697 results
LPL to employees: No raises in 2016
INDEPENDENT BROKER DEALERS OCT 13, 2016
LPL to employees: No raises in 2016

Company cites market volatility and financial uncertainty as factors for pay freeze.

By Bruce Kelly
Advisory team managing $280 million in client assets moves from Lincoln Financial to LPL
INDEPENDENT BROKER DEALERS OCT 12, 2016
Advisory team managing $280 million in client assets moves from Lincoln Financial to LPL

By Grete Suarez
My Medicare coverage has been canceled, now what?
RETIREMENT PLANNING OCT 12, 2016
My Medicare coverage has been canceled, now what?

Some beneficiaries may receive a letter that says their policy will no longer be offered in 2017.

By Katy Votava
PRACTICE MANAGEMENT OCT 12, 2016
Deutsche Bank settles with regulators for $9.5M

Plus: The Fed almost raised rates again, Neuberger Berman would rather fight than settle, and welcome to the worst kind of job interview

By Jeff Benjamin
RETIREMENT PLANNING OCT 12, 2016
Wells Fargo embroiled in 401(k) lawsuit over cross-selling scandal

The company's "criminal epidemic" caused its stock price to tumble, leading to hundreds of millions in losses that 401(k) fiduciaries didn't try to prevent, according to allegations.

By Greg Iacurci
PRACTICE MANAGEMENT OCT 12, 2016
Embattled Wells Fargo CEO John Stumpf throws in the towel

Tim Sloan will succeed Stump as the bank's chief executive

By Bloomberg
PRACTICE MANAGEMENT OCT 12, 2016
Wintrust, broker to pay $1.5 million for raiding BMO Harris customers: Finra

Neil Moscicki allegedly violated the noncompete covenant of his employment agreement.

By Christine Idzelis
Small-cap stocks have more room to run
EQUITIES OCT 12, 2016
Small-cap stocks have more room to run

The category has had a strong year, but that doesn't scare some financial advisers.

By Jeff Benjamin
Morgan Stanley advisers overseeing $2.34 billion leave for Merrill Lynch
PRACTICE MANAGEMENT OCT 12, 2016
Morgan Stanley advisers overseeing $2.34 billion leave for Merrill Lynch

They will open a new private banking office for Merrill in Bellevue, Wash.

By Christine Idzelis
Wells Fargo adds Credit Suisse brokers under recruiting agreement
PRACTICE MANAGEMENT OCT 12, 2016
Wells Fargo adds Credit Suisse brokers under recruiting agreement

Out of 220 it looked at, about half were hired, spokesman says.

By Christine Idzelis
Independent broker-dealers snatch biggest adviser teams in the first-quarter
PRACTICE MANAGEMENT OCT 12, 2016
Independent broker-dealers snatch biggest adviser teams in the first-quarter

Raymond James and Prospera Financial recruit teams with at least $1 billion of assets

By Christine Idzelis
Massachusetts securities regulator Galvin hits two broker-dealers and brokers with complaints
REGULATION AND LEGISLATION OCT 11, 2016
Massachusetts securities regulator Galvin hits two broker-dealers and brokers with complaints

It's part of an industry sweep that targeted firms with an above-average number of reps with current misconduct reports on their records.

By Bruce Kelly
FINTECH OCT 11, 2016
Banks' collaborations with technology firms will benefit financial advisers

Why banks are finally coming around to working with fintech companies.

By Lowell Putnam
RIA NEWS OCT 11, 2016
Hillary Clinton proposes expanding child tax credit

Plan would double to $2,000 per child the amount of the credit that's available to families of young children.

By Bloomberg
MUTUAL FUNDS OCT 11, 2016
Downtrodden international funds looking for a break

Emerging markets the engine behind most growth now.

By John Waggoner
Merrill Lynch owes stiffed brokers $800,000 in damages after termination dispute, Finra says
PRACTICE MANAGEMENT OCT 11, 2016
Merrill Lynch owes stiffed brokers $800,000 in damages after termination dispute, Finra says

Arbitration panel pointed to customer letters as evidence the brokers had done nothing wrong.

By Christine Idzelis
LPL posts 13% drop in commission revenue in second quarter as DOL fiduciary rule takes its toll
REGULATION AND LEGISLATION OCT 11, 2016
LPL posts 13% drop in commission revenue in second quarter as DOL fiduciary rule takes its toll

Revenue tied to alternative investments such as nontraded REITs plunged 72% year-over-year.

By Christine Idzelis
EQUITIES OCT 10, 2016
Stock market falls into earnings season

Plus: Gold prices tilt toward a December rate hike, a new look at the 4% retirement rule, and big league pensions

By Jeff Benjamin
RIA NEWS OCT 10, 2016
Here's what financial advisers need to tell clients about new money-market rules

The key changes, which take effect on Oct. 14, require institutional prime money funds to move from a fixed $1 net asset value to a floating NAV, and adopt potential liquidity fees and redemption gates.

By John Waggoner
RIA NEWS OCT 10, 2016
InvestmentNews Twitter followers pick Donald Trump as winner of second presidential debate

The Republican nominee emerged as the clear victor for some, while taxes and health care provided fodder for lively viewer commentary.

By Bloomberg