RIA News

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DC plan sponsors taking more responsibility for employees' retirement income
RETIREMENT PLANNING AUG 15, 2023
DC plan sponsors taking more responsibility for employees' retirement income

J.P. Morgan Asset Management survey reveals greater role of employers in workers' financial well-being.

By Steve Randall
$205M advisor duo joins LPL from Raymond James' Fulton Financial Advisors
RIA NEWS AUG 15, 2023
$205M advisor duo joins LPL from Raymond James' Fulton Financial Advisors

The team in Arundel County, Maryland, join LPL's broker-dealer, RIA and custodial platforms.

By Steve Randall
SageView founder to become chairman as private wealth leader joins as CEO
RIA NEWS AUG 15, 2023
SageView founder to become chairman as private wealth leader joins as CEO

The firm is expanding its focus on wealth management and retirement plan advisory.

By Steve Randall
UBS to pay $1.4B to settle mortgage-backed securities case
RIA NEWS AUG 15, 2023
UBS to pay $1.4B to settle mortgage-backed securities case

The case is one of the firm's longest-running legal issues, dating back to 2006 and 2007.

By Bloomberg
US futures track lower as global stocks weaken
RIA NEWS AUG 15, 2023
US futures track lower as global stocks weaken

Inflation concerns and China growth are main concerns.

By Bloomberg
Big tech in focus for hedge funds in Q2
RIA NEWS AUG 15, 2023
Big tech in focus for hedge funds in Q2

Meta, Microsoft, and Apple were among the top picks for funds.

By Bloomberg
EMs under pressure give money managers a jolt
RIA NEWS AUG 15, 2023
EMs under pressure give money managers a jolt

Emerging markets are heading for their worst month since February.

By Bloomberg
UBS reaches $1.44B settlement in DOJ mortgage-bond case
WIREHOUSES AUG 14, 2023
UBS reaches $1.44B settlement in DOJ mortgage-bond case

The case, which dates back to 2006 and 2007, relates to the issuance, underwriting and sale of the securities.

By Bloomberg
Former Wells Fargo private bank execs gather assets at new firm
RIA NEWS AUG 14, 2023
Former Wells Fargo private bank execs gather assets at new firm

Jack Ginter was the president of Wells Fargo's private bank until he left in 2021.

By Bruce Kelly
Helping clients avoid the cost of financial ignorance
PRACTICE MANAGEMENT AUG 14, 2023
Helping clients avoid the cost of financial ignorance

Advisors can bring back 'rational thinking' as study to mark Financial Awareness Day reveals lack of knowledge costs average household up to $5,059 a year.

By Gregg Greenberg
Sequoia Financial acquiring special needs-focused wealth manager Affinia
RIA NEWS AUG 14, 2023
Sequoia Financial acquiring special needs-focused wealth manager Affinia

Burlington, Massachusetts-based Affinia has 10 professionals overseeing $418 million in assets.

By Gregg Greenberg
Financial firms hate the term 'ESG' but are sticking with the strategy
RIA NEWS AUG 14, 2023
Financial firms hate the term 'ESG' but are sticking with the strategy

About two-thirds of respondents to a Bloomberg survey say they'll stop using ESG in conversations with clients but continue to incorporate it in their business.

By Bloomberg
Schwab says TD Ameritrade deal causing retail, advisory attrition
RIA NEWS AUG 14, 2023
Schwab says TD Ameritrade deal causing retail, advisory attrition

Finance chief Crawford says company has stepped back from some custodial relations Ameritrade offered institutional clients.

By Bloomberg
UBS Wealth Management takes another $640M team from Wall Street firm
WIREHOUSES AUG 14, 2023
UBS Wealth Management takes another $640M team from Wall Street firm

The Swiss-headquartered wealth manager has expanded its advisor head count in Ohio.

By Steve Randall
Everyone is offering incentives — Raymond James
RIA NEWS AUG 14, 2023
Everyone is offering incentives — Raymond James

Fee discounting has started. Is this the end of a 'golden era'?

By Matthew Sellers
Welcome to the 'Millionaire's Tax'
RETIREMENT PLANNING AUG 14, 2023
Welcome to the 'Millionaire's Tax'

State launches 9% rate for high earners.

By Matthew Sellers
Wealth Enhancement adds new leaders after 'remarkable growth' in 2023
RIA NEWS AUG 14, 2023
Wealth Enhancement adds new leaders after 'remarkable growth' in 2023

The firm has been expanding fast in the first half of the year including several acquisitions.

By Steve Randall
UBS faces new class action
WIREHOUSES AUG 14, 2023
UBS faces new class action

Even as the bank removes Credit Suisse nameplates, more legal storm clouds roll in.

By Matthew Sellers
Rockefeller Capital Management continues expansion as more wealth advisors join the team
WIREHOUSES AUG 14, 2023
Rockefeller Capital Management continues expansion as more wealth advisors join the team

Firm has big plans for growth, acquisitions.

By Matthew Sellers
Stocks and bonds gain as China acts on debt
RIA NEWS AUG 14, 2023
Stocks and bonds gain as China acts on debt

Also in focus this week, the latest Fed FOMC minutes.

By Bloomberg