RIA News

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Goldman says S&P can surpass 3,600
INVESTING EQUITIES AUG 14, 2020
Goldman says S&P can surpass 3,600

The potential for an early vaccine and the outlook for U.S. growth mean there's room for stocks to go higher, analysts say

By Bloomberg
Listening for the stories that drive client behavior
ADVISOR NEWS OPINION AUG 13, 2020
Listening for the stories that drive client behavior

Once we're conscious of the stories we’re working with, we’re in a better position to question, and if necessary, rewrite them

By Sarah Newcomb
McKinsey settles 401(k) suit for $39.5 million
ADVISOR NEWS RETIREMENT PLANNING AUG 13, 2020
McKinsey settles 401(k) suit for $39.5 million

Huntington Bancshares also settles a retirement plan lawsuit, while American Airlines sees a surprise win

By Emile Hallez
Advisers frustrated with Washington stalemate over pandemic relief
RIAS RIA NEWS AUG 13, 2020
Advisers frustrated with Washington stalemate over pandemic relief

They urge getting money into the hands of Americans to boost consumer spending

By Mark Schoeff Jr.
McCann stepping down at UBS
RIAS PRACTICE MANAGEMENT AUG 13, 2020
McCann stepping down at UBS

After joining from Merrill Lynch in 2009, he was credited with injecting new life into UBS' U.S. wealth management business

By Bruce Kelly
Securities America team managing $800 million moves to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 13, 2020
Securities America team managing $800 million moves to LPL

Equitrust Financial Group has five advisers and is based in Deerfield, Illinois

By InvestmentNews
RIA buyers see the consolidators consolidating
RIAS RIA NEWS AUG 12, 2020
RIA buyers see the consolidators consolidating

Executives from Carson Group, Creative Planning, Hightower, Sanctuary Wealth and Thrivent say M&A is here to stay

By Jeff Benjamin
SEC highlights compliance risks amplified by pandemic
RIAS PRACTICE MANAGEMENT AUG 12, 2020
SEC highlights compliance risks amplified by pandemic

The regulator wants firms to beef up supervision of remote workers and increase controls on fees and expenses

By Mark Schoeff Jr.
Financial planning profession making great strides to develop diversity
ADVISOR NEWS OPINION AUG 12, 2020
Financial planning profession making great strides to develop diversity

While the industry's efforts are admirable, there is still more that firms can do

By Luke Dean
Wealth management to spend $24 billion on tech annually by 2023: Study
ADVISOR NEWS FINTECH AUG 12, 2020
Wealth management to spend $24 billion on tech annually by 2023: Study

Priorities include digital onboarding, cybersecurity and biometric authentication

By Nicole Casperson
Workers need more help with retirement plans: Report
ADVISOR NEWS RETIREMENT PLANNING AUG 12, 2020
Workers need more help with retirement plans: Report

401(k) providers improved service overall this year — but not when it comes to communicating about COVID-19, according to Cogent

By Emile Hallez
Merrill puts trainees’ sales efforts on hold
RIAS PRACTICE MANAGEMENT AUG 12, 2020
Merrill puts trainees’ sales efforts on hold

Calls by adviser newbies were violating compliance rules, report says

By InvestmentNews
Pandemic behind 401(k) sales slump, client retention bump
ADVISOR NEWS RETIREMENT PLANNING AUG 12, 2020
Pandemic behind 401(k) sales slump, client retention bump

Plan sponsors were slow to change record keepers during the second quarter and some even waived fees, according to Principal Financial Group

By Emile Hallez
Three UBS advisers managing $1 billion move to Stifel
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 12, 2020
Three UBS advisers managing $1 billion move to Stifel

The team of Gary Bice and Michael Leach and a solo adviser, John Prebay, join in Southfield, Michigan

By InvestmentNews
Gundlach predicts Trump will win
RIAS RIA NEWS AUG 12, 2020
Gundlach predicts Trump will win

DoubleLine Capital exec criticizes Sen. Harris as 'a little too charismatic'

By Bloomberg
SEC charges head of defunct California RIA with fraud
RIAS RIA NEWS AUG 12, 2020
SEC charges head of defunct California RIA with fraud

The agency says Brendan Ross manipulated data to show higher fund returns

By InvestmentNews
Clients need 'life guides' for retirement — not just investment advice
ADVISOR NEWS RETIREMENT PLANNING AUG 11, 2020
Clients need 'life guides' for retirement — not just investment advice

A long, successful retirement includes purpose, family, health, and of course, money, according to panelists at the InvestmentNews Retirement Income Summit

By Emile Hallez
SEC updates info for dually registered advisers on Reg BI
RIAS RIA NEWS AUG 11, 2020
SEC updates info for dually registered advisers on Reg BI

New frequently asked questions tackle account decisions and the use of titles

By Mark Schoeff Jr.
Morgan Stanley team managing $675 million moves to RBC
ADVISOR NEWS INDEPENDENT BROKER DEALERS AUG 11, 2020
Morgan Stanley team managing $675 million moves to RBC

The four-adviser group in Beverly Hills, California, cites RBC's affiliation with City National

By InvestmentNews
Creative Planning acquires $600 million Lenox Wealth Management
RIAS RIA NEWS AUG 11, 2020
Creative Planning acquires $600 million Lenox Wealth Management

The Cincinnati-based advisory firm looks to leverage Creative Planning's scale and technology

By Jeff Benjamin