RIA News

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Asset managers hit by ever-rising costs as fees drop
RIA NEWS JUN 25, 2019
Asset managers hit by ever-rising costs as fees drop

Non-compensation costs have risen to 33% of total expenses, up from 26% in 2014.

By Bloomberg
Fixed-income solutions for breakaways entering the RIA space
OPINION JUN 25, 2019
Fixed-income solutions for breakaways entering the RIA space

Wirehouse advisers fear that they'll have less access to fixed-income investments in the independent space, but the opposite is true.

By Matt Sonnen
LPL Financial push for employee model attempt to tap into $11 trillion market
INDEPENDENT BROKER DEALERS JUN 25, 2019
LPL Financial push for employee model attempt to tap into $11 trillion market

Advisers working for wirehouses and regional firms control vast amounts of assets that LPL would like to bring under its umbrella.

By Bruce Kelly
GPB paid B-Ds and reps steep commissions to sell troubled private placements
ALTERNATIVES JUN 24, 2019
GPB paid B-Ds and reps steep commissions to sell troubled private placements

GPB paid commissions of 9.3%, or $167 million altogether, on the firm's private placements.

By Bruce Kelly
Congress members ask GAO to study fallout from death of DOL fiduciary rule
RETIREMENT PLANNING JUN 24, 2019
Congress members ask GAO to study fallout from death of DOL fiduciary rule

Democrats want the Government Accountability Office to examine how brokerage and other financial firms' businesses have changed since the new requirements were vacated last year.

By Greg Iacurci
Merrill Lynch team managing $220 million moves to Janney
RIA NEWS JUN 24, 2019
Merrill Lynch team managing $220 million moves to Janney

Four-adviser group in Lewes, Del., operates as MCH Wealth Management.

By InvestmentNews
Bernie Sanders to propose financial transactions tax to pay off student debt
REGULATION AND LEGISLATION JUN 24, 2019
Bernie Sanders to propose financial transactions tax to pay off student debt

Plan also provides states $48 billion annually to eliminate undergraduate tuition and fees at public colleges and universities

By Bloomberg
Wall Street lashes out at Bernie Sanders' plan to pay off student debt with a securities trading tax
RIA NEWS JUN 24, 2019
Wall Street lashes out at Bernie Sanders' plan to pay off student debt with a securities trading tax

Financial pros argue that a transaction levy will hurt mom and pop investors along with investment houses.

By Bloomberg
Technology can help turn client conversations toward planning in next bear market
RIA NEWS JUN 24, 2019
Technology can help turn client conversations toward planning in next bear market

Advisers don't want a replay of 2008 when clients bailed out of the advice industry.

By Ryan W. Neal
The pros and cons of state fiduciary rules
REGULATION AND LEGISLATION JUN 22, 2019
The pros and cons of state fiduciary rules

What are brokers and advisers to make of all this? We may be a long way from knowing, but there's a lot to watch while we wait.

By crain-api
Give us a break, active managers say
RIA NEWS JUN 22, 2019
Give us a break, active managers say

Seven portfolio managers share their outlooks for the rest of the year, generally agreeing that it's been hard for active managers to stand out.

By Jeff Benjamin
In the next few years, we predict ...
RIA NEWS JUN 22, 2019
In the next few years, we predict ...

40 Under 40 alumni share their thoughts on where they see the financial advice industry going.

By InvestmentNews
Young leaders, take note of these three key qualities
RIA NEWS JUN 22, 2019
Young leaders, take note of these three key qualities

Leadership is not easy, but adhering to these fundamentals will set you on a path to greatness.

By Matt Cosgriff
The future of the business is clear: It's advice, not investing
RIA NEWS JUN 22, 2019
The future of the business is clear: It's advice, not investing

40 Under 40 award alumni discuss where they see the profession heading.

By Ryan W. Neal
SEC wins churning case against Long Island broker
RIA NEWS JUN 21, 2019
SEC wins churning case against Long Island broker

Court will determine remedies against Donald Fowler at a later date.

By InvestmentNews
Finra censures, fines Citigroup over UIT sales violations
RIA NEWS JUN 21, 2019
Finra censures, fines Citigroup over UIT sales violations

For failing to credit discounts to customers, Citi will pay $377,000.

By InvestmentNews
Charitable donations fall as result of Republican tax law changes
RIA NEWS JUN 21, 2019
Charitable donations fall as result of Republican tax law changes

Giving by corporations, foundations, as well as individuals, fell an estimated 1.7%.

By InvestmentNews
GPB Capital reports decline in value of two biggest funds
ALTERNATIVES JUN 21, 2019
GPB Capital reports decline in value of two biggest funds

One has dropped by 25.4% and the other by 39%, according to the company.

By Bruce Kelly
Financial planning for same-sex couples has changed immensely since 2015 Supreme Court marriage ruling
RIA NEWS JUN 21, 2019
Financial planning for same-sex couples has changed immensely since 2015 Supreme Court marriage ruling

The Supreme Court upheld same-sex marriage. What does this mean for married and unmarried gay couples now?

By Ramon Berenguer
Fed signal sends advisers into fixed-income scramble
RIA NEWS JUN 21, 2019
Fed signal sends advisers into fixed-income scramble

Prospect of the first interest-rate cut in 10 years has some advisers fearing recession.

By Jeff Benjamin