RIA News

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Fed could weigh historic 100 basis-point hike after inflation scorcher
RIAS RIA NEWS JUL 13, 2022
Fed could weigh historic 100 basis-point hike after inflation scorcher

Futures priced roughly a one-in-two chance of such a hike after consumer prices rose a hotter-than-forecast 9.1% in the year through June.

By Bloomberg
Expand, extend client relationships with communication amplifying trust, values
RIAS PRACTICE MANAGEMENT JUL 13, 2022
Expand, extend client relationships with communication amplifying trust, values

The post-Covid economy serves up an array of new opportunities for women advisers to win and keep clients, according to speakers at the Women Adviser Summit in Denver.

By Joanne Cleaver
Virginia credit union program exits CUNA for Ameriprise
RIAS PRACTICE MANAGEMENT JUL 13, 2022
Virginia credit union program exits CUNA for Ameriprise

The five-adviser, $335 million unit rebrands as VACU Investment Group.

By InvestmentNews
Merrill duo managing $300 million goes indie with Raymond James
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 13, 2022
Merrill duo managing $300 million goes indie with Raymond James

Old Town Advisors in Albuquerque, New Mexico, is affiliating through OSJ Concurrent Advisors.

By InvestmentNews
Social Security COLA could top 10% in 2023
ADVISOR NEWS RETIREMENT PLANNING JUL 13, 2022
Social Security COLA could top 10% in 2023

Current inflationary trends point to the biggest benefit increase in 41 years, with June CPI showing a 9.1% jump over the last 12 months.

By Mary Beth Franklin
401(k) contributions lagging, especially among millennials: BofA survey
ADVISOR NEWS RETIREMENT PLANNING JUL 13, 2022
401(k) contributions lagging, especially among millennials: BofA survey

The majority of eligible employees participate in 401(k) plans, but there's much room for improvement when it comes to how much they contribute.

By Gregg Greenberg
Bonhill names Ponsford Group CEO; French becomes CEO of InvestmentNews
RIAS RIA NEWS JUL 12, 2022
Bonhill names Ponsford Group CEO; French becomes CEO of InvestmentNews

Ponsford served as the company’s interim CEO, while French was executive chairman of InvestmentNews; both have been added to Bonhill’s board.

By Gregg Greenberg
Advisory firm held liable for breaching fiduciary duty in UIT action brought by SEC
ADVISOR NEWS REGULATION AND LEGISLATION JUL 12, 2022
Advisory firm held liable for breaching fiduciary duty in UIT action brought by SEC

The regulator accused the firm of 'double-dipping' by receiving both advisory fees and fees generated from products with high transactional costs.

By Mark Schoeff Jr.
Tom Naratil to leave UBS
RIAS PRACTICE MANAGEMENT JUL 12, 2022
Tom Naratil to leave UBS

Iqbal Khan, who had served as co-president of Global Wealth Management with Naratil, was promoted to president. Naureen Hassan will succeed Naratil as president of UBS Americas.

By Bruce Kelly
Link to RIAs is most compelling angle of the KWAC SPAC deal
RIAS RIA NEWS JUL 12, 2022
Link to RIAs is most compelling angle of the KWAC SPAC deal

Broker-dealer aggregator Wentworth's deal to go public via SPAC Kingswood Acquisition Corp. raises a number of questions.

By Bruce Kelly
Fidelity moves into liquid alts space with two new mutual funds
INVESTING ALTERNATIVES JUL 12, 2022
Fidelity moves into liquid alts space with two new mutual funds

The debut of the macro opportunities and risk parity strategies paves the way for an expanding alternatives lineup.

By Jeff Benjamin
David Canter to exit Fidelity's RIA custody business
RIAS RIA NEWS JUL 12, 2022
David Canter to exit Fidelity's RIA custody business

The popular Fidelity exec has been in charge of the firm's registered investment adviser business since 2017, and has worked for Fidelity since 2009.

By Jeff Benjamin
Americans worried about inflation, but not as much as advisers: Survey
ADVISOR NEWS RETIREMENT PLANNING JUL 12, 2022
Americans worried about inflation, but not as much as advisers: Survey

Americans ages 45 to 75 are worried about the dual risks of high inflation reducing spending power in retirement or a recession impacting retirement income.

By Gregg Greenberg
Protective launches variable annuity with deferral options
ADVISOR NEWS RETIREMENT PLANNING JUL 12, 2022
Protective launches variable annuity with deferral options

The product, which has been branded Protective Aspirations, allows holders to maximize either retirement income or growth potential.

By InvestmentNews
D.A. Davidson duo managing $428 million goes indie with Raymond James
RIAS RIA NEWS JUL 12, 2022
D.A. Davidson duo managing $428 million goes indie with Raymond James

Father-son team operates as Anderson Wealth Management Group in Lake Oswego, Oregon.

By InvestmentNews
BlackRock warns against dip buying as high-volatility era dawns
INVESTING FIXED INCOME JUL 12, 2022
BlackRock warns against dip buying as high-volatility era dawns

Investors should bet on credit instead, because valuations have improved and default risk is contained, according to BlackRock strategists.

By Bloomberg
Social Security tax tips for the self-employed
ADVISOR NEWS RETIREMENT PLANNING JUL 11, 2022
Social Security tax tips for the self-employed

Advisers often ask whether there's a way to minimize payroll taxes for small-business owners while maximizing future Social Security benefits.

By Mary Beth Franklin
Lawyer for alleged Philly fraud settles with the SEC
RIAS PRACTICE MANAGEMENT JUL 11, 2022
Lawyer for alleged Philly fraud settles with the SEC

The attorney, John W. Pauciolo, provided the legal approval for years of commercials advertising the unregistered Par Funding investments.

By Bruce Kelly
Wirehouses ready for their 'Empire Strikes Back' moment on adviser fintech
RIAS RIA NEWS JUL 11, 2022
Wirehouses ready for their 'Empire Strikes Back' moment on adviser fintech

Morgan Stanley revealed its fully armed and operational adviser fintech ecosystem at a recent media event in New York City.

By Ryan W. Neal
Bitcoin is more likely to hit $10,000 than $30,000, survey finds
INVESTING ALTERNATIVES JUL 11, 2022
Bitcoin is more likely to hit $10,000 than $30,000, survey finds

Retail investors were more apprehensive about cryptocurrencies whereas professional investors were more open-minded toward digital assets.

By Bloomberg