RIA News

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Financial planning profession making great strides to develop diversity
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
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
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
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
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
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
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
REGULATION, LEGAL & COMPLIANCE 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
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
REGULATION, LEGAL & COMPLIANCE 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
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
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
Former LPL rep fined $5,000 over false signatures
INDEPENDENT BROKER DEALERS AUG 11, 2020
Former LPL rep fined $5,000 over false signatures

John McConkie signed documents for his supervisor

By InvestmentNews
Hightower notches fifth deal since March with more to come
RIA NEWS AUG 11, 2020
Hightower notches fifth deal since March with more to come

The RIA consolidator will continue to be "pretty active" in 2020, according to CEO Bob Oros

By Jeff Benjamin
Retirement account balances bounce back in Q2
RETIREMENT PLANNING AUG 11, 2020
Retirement account balances bounce back in Q2

The rise reflects the stock market's rebound and investors' continued contributions to their accounts, according to a Fidelity report

By InvestmentNews
Merrill Lynch launches Personal Wealth Analysis for advisers
FINTECH AUG 11, 2020
Merrill Lynch launches Personal Wealth Analysis for advisers

The wirehouse integrated its legacy planning and portfolio analysis tools into a redesigned interface for advisers

By Nicole Casperson
Trump keeps $1.2 trillion of student-loan debt on ice
REGULATION, LEGAL & COMPLIANCE AUG 11, 2020
Trump keeps $1.2 trillion of student-loan debt on ice

The measure would postpone both repayments and the accumulation of interest through year-end on loans held by the federal government

By Bloomberg
We can no longer settle for a ‘DMV’ portal experience
OPINION AUG 11, 2020
We can no longer settle for a ‘DMV’ portal experience

Use of advisory firm portals has risen 20% since the pandemic began

By Eric Clarke
Annuities and the 'great retirement reset'
RETIREMENT PLANNING AUG 10, 2020
Annuities and the 'great retirement reset'

As COVID-19 has interrupted the retirement plans of millions, these products can play a role in their planning going forward, insurance execs said at the Retirement Income Summit

By Emile Hallez
Robinhood outruns rivals in record year for retail investing
FINTECH AUG 10, 2020
Robinhood outruns rivals in record year for retail investing

The trading app is revealing the data for the first time, in the wake of a surge in online dealing among people stuck at home during the coronavirus pandemic

By Bloomberg