RIA News

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Perez says DOL fiduciary debate shifts from whether to how
RETIREMENT PLANNING AUG 12, 2015
Perez says DOL fiduciary debate shifts from whether to how

The Secretary of Labor told lawmakers on Tuesday that the conversation has shifted to focus on how to make a new standard work.

By Mark Schoeff Jr.
INDEPENDENT BROKER DEALERS AUG 11, 2015
Oppenheimer & Co. team jumps to Jefferies wealth management unit

Six-member team is based in Atlanta and includes emerging markets chief Greg Fisher and financial advisers, according to a source familiar with the move.

By Bloomberg
FINTECH AUG 11, 2015
Robo takes first steps into crowdfunding for college savings accounts

Heads up, BlackRock's FutureAdvisor not only manages 529 plans for free, it also gives clients a way to raise money

By Alessandra Malito
The psychology of regulation: applying nudge theory to compliance
FINTECH AUG 11, 2015
The psychology of regulation: applying nudge theory to compliance

Nudge theory and the rise of advanced technology promise new methods for advisory firms to fight the good fight in a world where the dangers of non-compliance have never been greater.

By Bill Mulligan
RETIREMENT PLANNING AUG 11, 2015
Hamptons charity polo match leads to discovery of squatter

A friend of Alibaba President J. Michael Evans, the former Goldman Sachs vice chairman, and his wife, found a strange man making sandwiches in the couple's new house.

By Bloomberg
RETIREMENT PLANNING AUG 11, 2015
Lessons from Social Security's 80-year history

The program's anniversary underscores its crucial role in retirement security.

By Mary Beth Franklin
RIA NEWS AUG 11, 2015
Would you pay $760 for a bottle of Jay Z's new all-pinot champagne?

Taste testing the newest bubbly from the Armand de Brignac “Ace of Spades” Champagne line, which will hit stores in October.

By Bloomberg
Envestnet acquires data-analytics and account-aggregation company Yodlee
FINTECH AUG 11, 2015
Envestnet acquires data-analytics and account-aggregation company Yodlee

This marks the wealth management software and service provider's third acquisition so far this year as it builds out its suite of tech offerings for advisers.

By Alessandra Malito
DOL to launch marathon of hearings on fiduciary rule
RETIREMENT PLANNING AUG 11, 2015
DOL to launch marathon of hearings on fiduciary rule

The four-day event, featuring 75 witnesses from all sides of the debate testifying on panels together, could get heated.

By Mark Schoeff Jr.
SEC commissioner: DOL fiduciary rule would create 'a mess'
RETIREMENT PLANNING AUG 11, 2015
SEC commissioner: DOL fiduciary rule would create 'a mess'

Daniel Gallagher Jr. says the agency should stand down and not finalize rulemaking.

By Mark Schoeff Jr.
SEC denies active ETF proposal as NextShares launches salvo against competitors
ETFS AUG 11, 2015
SEC denies active ETF proposal as NextShares launches salvo against competitors

Eaton Vance looks to win the "VHS/Betamax war" for the future of actively managed investments.

By Trevor Hunnicutt
Advisers say China drop isn't done yet, but calm clients on the downslide
EMERGING MARKETS AUG 11, 2015
Advisers say China drop isn't done yet, but calm clients on the downslide

It's premature to think Chinese stocks are over the worst, but investing for the long term changes the picture.

By Liz Skinner
Cyber criminals getting more aggressive and devious
FINTECH AUG 11, 2015
Cyber criminals getting more aggressive and devious

No matter how well you know your clients, don't shortcut security procedures.

By Sheryl Rowling
PRACTICE MANAGEMENT AUG 11, 2015
SEC works on rule requiring practice transition plans

The regulator wants advisers to develop continuity plans to avoid major disruptions to clients and markets.

By Mark Schoeff Jr.
RETIREMENT PLANNING AUG 10, 2015
Retirement tradeoff: Delaying Social Security may increase Medicare costs

There is reason to worry about impact of file-and-suspend strategy on 2016 health-care premiums.

By Mary Beth Franklin
DoubleLine's Jeffrey Gundlach says $40 oil is something to worry about
EQUITIES AUG 10, 2015
DoubleLine's Jeffrey Gundlach says $40 oil is something to worry about

<i>Breakfast with Benjamin</i> DoubleLine's Jeffrey Gundlach believes $40 oil is something investors should be worried about.

By Jeff Benjamin
While DOL hearings stay civil, Twitter gets rowdy
REGULATION, LEGAL & COMPLIANCE AUG 10, 2015
While DOL hearings stay civil, Twitter gets rowdy

Tweets from around the industry tell the tale of the battle for and against a fiduciary standard for brokers.

By CNELSON
Envestnet deal puts personal financial data aggregation center stage
FINTECH AUG 10, 2015
Envestnet deal puts personal financial data aggregation center stage

With the firm's latest acquisition of Yodlee, advisers are reminded to take advantage of big data in clients' accounts.

By Alessandra Malito
Facebook stock-fraud venture lands fund manager in hot water
EQUITIES AUG 10, 2015
Facebook stock-fraud venture lands fund manager in hot water

<i>Breakfast with Benjamin</i>: Tampa-based fund manager to plead guilty to investment fraud in relation to $9M worth of Facebook stock he purchased then sold and was caught short when the stock price rebounded.

By Jeff Benjamin
RIA NEWS AUG 10, 2015
Now may be the time to buy a case of Château Lafite

The legendary winery saw its vintages soar in prices over the past decade, but now prices are sinking. Is this your chance?

By Bloomberg