RIA News

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Silver rally quietly outshines gold in 2020
INVESTING ALTERNATIVES JUL 27, 2020
Silver rally quietly outshines gold in 2020

The less-flashy precious metal may have more room to run, according to analysts

By Jeff Benjamin
INmail: Estimating future Social Security benefits
ADVISOR NEWS RETIREMENT PLANNING JUL 27, 2020
INmail: Estimating future Social Security benefits

The estimated benefit predicated for a client continuing to work at her current pay scale was calculated by Social Security. But, what about her benefits?

By Mary Beth Franklin
Adviser managing $180 million at Wells Fargo moves to LPL
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 27, 2020
Adviser managing $180 million at Wells Fargo moves to LPL

Keith Boyd is affiliating through Gladstone, an LPL office of supervisory jurisdiction in Flemington, New Jersey

By InvestmentNews
Gold hits new record; now set to test $2,000 level
RIAS RIA NEWS JUL 27, 2020
Gold hits new record; now set to test $2,000 level

The precious metal erased its previous record high from 2011 amid concerns about negative real rates and economic and political turmoil

By Bloomberg
Fund industry tries to clarify types of ESG funds
RIAS RIA NEWS JUL 27, 2020
Fund industry tries to clarify types of ESG funds

The Investment Company Institute is leading an effort to come up with definitions of the various approaches to sustainable investing

By Bloomberg
SEC charges Michigan broker with taking $1.15 million from clients
ADVISOR NEWS REGULATION AND LEGISLATION JUL 27, 2020
SEC charges Michigan broker with taking $1.15 million from clients

Mark Hopkins, who was barred by Finra in 2019, said he would put the funds in an investment earning 6% or 7%

By InvestmentNews
The hunt for mega RIAs
RIAS RIA NEWS JUL 26, 2020
The hunt for mega RIAs

Independent advisers are enjoying the attention of Wall Street, where some big banks are focused on acquiring privately held assets

By Bruce Kelly
Democrats vow to scrap Reg BI in party platform
ADVISOR NEWS REGULATION AND LEGISLATION JUL 24, 2020
Democrats vow to scrap Reg BI in party platform

Financial advisers should be 'legally obligated' to put clients’ interests first, according to the draft document

By Mark Schoeff Jr.
Bloomberg op-ed gets fast rebuke from 401(k) defenders
ADVISOR NEWS RETIREMENT PLANNING JUL 24, 2020
Bloomberg op-ed gets fast rebuke from 401(k) defenders

A column this week by former AQR managing director Aaron Brown questioned the benefits of 401(k)s

By Emile Hallez
Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure
ADVISOR NEWS RETIREMENT PLANNING JUL 24, 2020
Matrix Trust Co. sued over alleged lack of 401(k) fee disclosure

The Broadridge affiliate has not filed notices required by the DOL, plaintiffs in a class-action lawsuit claim

By Emile Hallez
Female trio managing $280 million at UBS moves to Alex. Brown
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 24, 2020
Female trio managing $280 million at UBS moves to Alex. Brown

The veteran advisers, natives of Venezuela, are based in Miami

By InvestmentNews
UBS' private bank closure raises questions for elite advisers
ADVISOR NEWS OPINION JUL 24, 2020
UBS' private bank closure raises questions for elite advisers

Compensation and control over the client relationship are two key issues surrounding the shutdown

By Bruce Kelly
DOL urged to address conflicts in pooled employer plans
ADVISOR NEWS RETIREMENT PLANNING JUL 24, 2020
DOL urged to address conflicts in pooled employer plans

But there is little consensus on how to do so, according to comment letters submitted this week to the regulator

By Emile Hallez
Retirement income fintech lands $2.3 million funding round
ADVISOR NEWS RETIREMENT PLANNING JUL 23, 2020
Retirement income fintech lands $2.3 million funding round

Timeline will use the cash influx to enhance the API technology behind it’s calculation engine

By Nicole Casperson
Gold's 24% run attracts the attention of younger investors
INVESTING ALTERNATIVES JUL 23, 2020
Gold's 24% run attracts the attention of younger investors

The precious metal is uniquely suited to hedge the disruptions of 2020

By Jeff Benjamin
Wirehouses race to upgrade adviser tech amid pandemic
ADVISOR NEWS FINTECH JUL 23, 2020
Wirehouses race to upgrade adviser tech amid pandemic

Merrill Lynch, UBS and Wells Fargo have all adapted to an increase in digital adoption, according to second-quarter earnings reports

By Nicole Casperson
Hybrid managing $160 million switches to LPL from Advisor Group
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 23, 2020
Hybrid managing $160 million switches to LPL from Advisor Group

Cornerstone Financial Planning in Florida is led by a brother-sister team

By InvestmentNews
Big buildup of savings could rein in rates
INVESTING MUTUAL FUNDS JUL 23, 2020
Big buildup of savings could rein in rates

Deposits at commercial banks have risen 18% this year, to a record $15.6 trillion, and money-market fund assets are almost $1 trillion higher than before the pandemic

By Bloomberg
TD's Dani Fava joins Envestnet as Schwab merger looms
ADVISOR NEWS FINTECH JUL 22, 2020
TD's Dani Fava joins Envestnet as Schwab merger looms

More top-level departures are expected as the $26 billion megamerger draws nearer

By Jeff Benjamin
Securities America warns of service slowdown as consolidation begins
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 22, 2020
Securities America warns of service slowdown as consolidation begins

Advisers are experiencing "longer than usual wait times," according to a memo

By Bruce Kelly