RIA News

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Stocks sink on disappointment with virus responses
INVESTING EQUITIES MAR 12, 2020
Stocks sink on disappointment with virus responses

Early selling triggered a 15-minute halt, with the S&P 500 index off as much as 8.5%

By Bloomberg
Kitces switches advisory firms
RIAS RIA NEWS MAR 12, 2020
Kitces switches advisory firms

The co-founder of the XY Planning Network and publisher of Nerd's Eye View blog has joined Buckingham Wealth Partners

By Emile Hallez
Bull market ends as it began: In chaos and without warning
INVESTING EQUITIES MAR 12, 2020
Bull market ends as it began: In chaos and without warning

The Dow Jones Industrial Average's 20% drop ends a record 11-year run that added $20 trillion to equities

By Bloomberg
SEC adopts rule to streamline variable annuity, variable life prospectuses
INVESTING LIFE INSURANCE AND ANNUITIES MAR 11, 2020
SEC adopts rule to streamline variable annuity, variable life prospectuses

Summary prospectuses will be considerably shorter than the documents customers currently receive

By Mark Schoeff Jr.
Is Bitcoin a safe bet during market sell-offs?
INVESTING ALTERNATIVES MAR 11, 2020
Is Bitcoin a safe bet during market sell-offs?

Despite claims the digital currency can act as a haven in down markets, cryptocurrency investments have tanked in recent weeks

By Ryan W. Neal
Legal woes mount for Advisor Group broker-dealer that sold GPB funds
INVESTING ALTERNATIVES MAR 11, 2020
Legal woes mount for Advisor Group broker-dealer that sold GPB funds

Triad Advisors reported three new investor claims related to the sale of the private placements

By Bruce Kelly
Advisers working from home increases compliance risks
RIAS RIA NEWS MAR 11, 2020
Advisers working from home increases compliance risks

As the coronavirus leads more to work remotely, supervision and the archiving of communications with clients become critical

By Mark Schoeff Jr.
Auto-IRA floated in Colorado
ADVISOR NEWS RETIREMENT PLANNING MAR 11, 2020
Auto-IRA floated in Colorado

The state is one of a number that have considered or adopted a public savings system for private-sector workers who don't have access to employer-sponsored retirement plans

By Emile Hallez
By the Numbers: Fixed-income news
RIAS RIA NEWS MAR 11, 2020
By the Numbers: Fixed-income news

How will a new income-generating fund attract accredited investors? Why will bond issuance for green projects hit a record this year? George Moriarty provides the answers

By InvestmentNews
Treasury may extend April 15 tax deadline over coronavirus
RIAS RIA NEWS MAR 11, 2020
Treasury may extend April 15 tax deadline over coronavirus

That deadline is cited in the tax code, but the agency regularly makes exceptions, especially for victims of natural disasters

By Bloomberg
Raymond James nabs team managing $640 million
ADVISOR NEWS INDEPENDENT BROKER DEALERS MAR 11, 2020
Raymond James nabs team managing $640 million

The four-adviser group is leaving Northwestern Mutual Co.

By InvestmentNews
Treasuries can also be risky, Wall Street warns
INVESTING FIXED INCOME MAR 11, 2020
Treasuries can also be risky, Wall Street warns

Analysts caution that U.S. government bonds may be losing their effectiveness as a hedge

By Bloomberg
Judge pulls plug on CenturyLink 401(k) lawsuit
ADVISOR NEWS RETIREMENT PLANNING MAR 10, 2020
Judge pulls plug on CenturyLink 401(k) lawsuit

The court granted summary judgment for the telecommunications firm, finding that its $5 billion plan did not violate federal law

By Emile Hallez
Advisers prepare to work remotely, but worry about losing 'human' relationship
ADVISOR NEWS FINTECH MAR 10, 2020
Advisers prepare to work remotely, but worry about losing 'human' relationship

Firms are turning to digital technology during the coronavirus outbreak, but advisers say nothing replaces meeting face-to-face with clients

By Ryan W. Neal
Market volatility likely to lead to outbreak of Finra arb cases
ADVISOR NEWS REGULATION AND LEGISLATION MAR 10, 2020
Market volatility likely to lead to outbreak of Finra arb cases

Arbitration experts say similar market disruptions in the past resulted in more investor claims against brokers

By Mark Schoeff Jr.
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
RIAS PRACTICE MANAGEMENT MAR 10, 2020
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’

Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'

By Bloomberg
Fears over market drop could cause some to postpone retirement
ADVISOR NEWS RETIREMENT PLANNING MAR 10, 2020
Fears over market drop could cause some to postpone retirement

Survey of those nearing retirement shows many would opt to work longer

By Mary Beth Franklin
SEC employees told to ‘telework’ given possible virus case
RIAS PRACTICE MANAGEMENT MAR 10, 2020
SEC employees told to ‘telework’ given possible virus case

The commission confirmed a worker at its Washington headquarters was treated for respiratory symptoms and was being tested for coronavirus

By Bloomberg
Market slide puts focus on companies’ balance sheets
INVESTING EQUITIES MAR 10, 2020
Market slide puts focus on companies’ balance sheets

Stocks of companies with a lot of leverage could be hit hard if a credit crunch develops, analysts say

By Bloomberg
Alight, Estee Lauder settle case of plundered 401(k)
ADVISOR NEWS RETIREMENT PLANNING MAR 09, 2020
Alight, Estee Lauder settle case of plundered 401(k)

Thieves raided a retirement plan participant's account of $99,000, nearly emptying it

By Emile Hallez