RIA News

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College costs can sink parents, too
RETIREMENT PLANNING APR 06, 2019
College costs can sink parents, too

Student debt is often associated with young people taking out loans and putting off rites of passage after graduation to repay them. But mom and dad often sacrifice more.

By Mark Schoeff Jr.
Washington wants to ease student loan burden
REGULATION, LEGAL & COMPLIANCE APR 06, 2019
Washington wants to ease student loan burden

The Trump administration and Congress are considering limits on debt allowances as well as clearer repayment options in federal programs.

By Mark Schoeff Jr.
Finra fines former LPL rep $5,000 over viatical sale
LIFE INSURANCE AND ANNUITIES APR 05, 2019
Finra fines former LPL rep $5,000 over viatical sale

LPL terminated Scott Klor in 2017 for violating firm policies.

By InvestmentNews
Stifel adds wirehouse teams managing $1.1 billion in assets
RIA NEWS APR 05, 2019
Stifel adds wirehouse teams managing $1.1 billion in assets

Nine reps, from Merrill Lynch, Raymond James and Wells Fargo, join firm.

By InvestmentNews
Indexed annuity sales projected to grow nearly 40% by 2023
LIFE INSURANCE AND ANNUITIES APR 05, 2019
Indexed annuity sales projected to grow nearly 40% by 2023

Continued market volatility and rising interest rates will push fixed annuities to new highs, Limra estimates.

By Greg Iacurci
Air Force veteran-turned-adviser clashes with First Command
INDEPENDENT BROKER DEALERS APR 04, 2019
Air Force veteran-turned-adviser clashes with First Command

Adviser seeks $10 million in damages in dispute over copyrighted sales materials.

By Bruce Kelly
Kestra loses $11 billion retirement group to LPL
RETIREMENT PLANNING APR 04, 2019
Kestra loses $11 billion retirement group to LPL

Strategic Retirement Partners is joining GRP Financial, an LPL super-OSJ.

By Greg Iacurci
RIAs see new competition from Schwab subscription pricing
FINTECH APR 04, 2019
RIAs see new competition from Schwab subscription pricing

Some advisers are confident they can provide enough value to justify their fees.

By Ryan W. Neal
F.L. Putnam acquires Financial Focus and $275 million in AUM
RIA NEWS APR 03, 2019
F.L. Putnam acquires Financial Focus and $275 million in AUM

Acquisition adds presence in Wolfeboro, N.H., to firm's New England footprint.

By InvestmentNews
No CEO and no plan in sight for Wells Fargo
RIA NEWS APR 03, 2019
No CEO and no plan in sight for Wells Fargo

The next chief executive faces a daunting challenge, with more than a dozen investigations targeting the bank.

By Bloomberg
UBS considers sale, acquisition and other options for its asset management business
RIA NEWS APR 03, 2019
UBS considers sale, acquisition and other options for its asset management business

Unit has been hit particularly hard by investor flight to cheaper funds.

By Bloomberg
Alternative strategies earn their keep over six months of market extremes
ALTERNATIVES APR 03, 2019
Alternative strategies earn their keep over six months of market extremes

The key is looking beyond the broad category averages to focus on portfolio managers and the investment process

By Jeff Benjamin
Marsh & McLennan acquires Centurion, a $16 billion retirement group
RETIREMENT PLANNING APR 03, 2019
Marsh & McLennan acquires Centurion, a $16 billion retirement group

Acquisitions in the retirement plan market are heating up.

By Greg Iacurci
New SEC nominee may not have time to influence Reg BI
REGULATION, LEGAL & COMPLIANCE APR 03, 2019
New SEC nominee may not have time to influence Reg BI

Allison H. Lee could arrive just as the agency is finishing its advice reform rule, or get stuck awaiting Senate confirmation.

By Mark Schoeff Jr.
Maryland fiduciary bill killed in committee
REGULATION, LEGAL & COMPLIANCE APR 03, 2019
Maryland fiduciary bill killed in committee

Further action appears unlikely with legislature set to adjourn April 8.

By Mark Schoeff Jr.
Cerity Partners buys Blue Prairie Group to create $21 billion advisory firm
RETIREMENT PLANNING APR 02, 2019
Cerity Partners buys Blue Prairie Group to create $21 billion advisory firm

Blue Prairie's retirement plan business gives Cerity Partners an 'end-to-end' solution.

By Jeff Benjamin
Captrust acquires $13 billion in AUA through FiduciaryVest spin out
RIA NEWS APR 02, 2019
Captrust acquires $13 billion in AUA through FiduciaryVest spin out

Co-founder Philly Jones and team leave; remaining partner continues as FiduciaryVest

By InvestmentNews
United Capital adds $800 million in AUM through two acquisitions
RIA NEWS APR 02, 2019
United Capital adds $800 million in AUM through two acquisitions

Irongate International of Moline, Ill., and Atlanta's Peachtree Investment Advisors join firm.

By InvestmentNews
Fidelity says retirees can expect to spend $285,000 on health care
RETIREMENT PLANNING APR 02, 2019
Fidelity says retirees can expect to spend $285,000 on health care

Annual study says total estimated cost has risen more slowly in past two years.

By Bloomberg
California wins auto-IRA lawsuit
RETIREMENT PLANNING APR 02, 2019
California wins auto-IRA lawsuit

The case, the first to address the issue of ERISA pre-emption, is a positive sign for other states.

By Greg Iacurci