RIA News

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UBS report reveals most expensive cities in the world
RIAS RIA NEWS JUL 12, 2018
UBS report reveals most expensive cities in the world

UBS Group AG's Prices and Earnings 2018 survey ranks global city prices, earning levels and purchasing power .

By Bloomberg
What the fastest growing RIAs have in common
RIAS RIA NEWS JUL 12, 2018
What the fastest growing RIAs have in common

Schwab study of 1,261 firms finds that overall assets under management climbed 16.2% in 2017 at the median versus 9.6% in 2016

By Ryan W. Neal
State-level activity slows on fiduciary legislation
ADVISOR NEWS REGULATION AND LEGISLATION JUL 12, 2018
State-level activity slows on fiduciary legislation

But some states are still pursuing investment advice reform as the Labor Department's rule dies and the SEC works on its own proposals.

By Mark Schoeff Jr.
Are nontraded REIT sales back from the dead?
INVESTING ALTERNATIVES JUL 12, 2018
Are nontraded REIT sales back from the dead?

Sales could hit $5.1 billion this year, up from $4.2 billion in 2017, according to Robert A. Stanger & Co. Inc.

By Bruce Kelly
Tax loophole from 1960s could let wealthy tap 21% corporate rate
RIAS RIA NEWS JUL 11, 2018
Tax loophole from 1960s could let wealthy tap 21% corporate rate

Provision related to investments held offshore could save wealthy Americans millions in taxes.

By Bloomberg
Retirees spend their golden years on campus
ADVISOR NEWS RETIREMENT PLANNING JUL 11, 2018
Retirees spend their golden years on campus

As seniors flock to live near universities, Purchase College in New York is developing a retirement community.

By Bloomberg
Tax loophole from 1960s could let wealthy tap 21% corporate rate
ADVISOR NEWS RETIREMENT PLANNING JUL 11, 2018
Tax loophole from 1960s could let wealthy tap 21% corporate rate

Provision related to investments held offshore could save wealthy Americans millions in taxes.

By Bloomberg
House panel approves bills to adjust regulations for small RIAs, protect senior investors
RIAS RIA NEWS JUL 11, 2018
House panel approves bills to adjust regulations for small RIAs, protect senior investors

Legislation heads to floor as part of bipartisan package designed to modernize regulation.

By Mark Schoeff Jr.
SEC censures, fines advisers for Yelp endorsements
RIAS RIA NEWS JUL 11, 2018
SEC censures, fines advisers for Yelp endorsements

Three advisers paid marketing consultant to solicit clients for online testimonials.

By Ryan W. Neal
Eight advisers managing $616 million join Benjamin Edwards
RIAS RIA NEWS JUL 11, 2018
Eight advisers managing $616 million join Benjamin Edwards

Five were with Wells Fargo, others from LPL, Stifel and SunTrust

By InvestmentNews
Merrill Lynch launches fiduciary dashboard for advisers
ADVISOR NEWS FINTECH JUL 11, 2018
Merrill Lynch launches fiduciary dashboard for advisers

Despite death of the DOL fiduciary rule, wirehouse continues to invest in ways to meet best-interest standard.

By Ryan W. Neal
Fired Merrill Lynch star broker Bruce Lee starts own RIA
RIAS RIA NEWS JUL 11, 2018
Fired Merrill Lynch star broker Bruce Lee starts own RIA

The 32-year industry veteran, whose team at Merrill had $2.9 billion in assets, launches Keebeck Wealth Management in Chicago.

By Bruce Kelly
District judge sets deadline in DOL fiduciary rule case
ADVISOR NEWS REGULATION AND LEGISLATION JUL 10, 2018
District judge sets deadline in DOL fiduciary rule case

Industry plaintiffs who succeeded in vacating the regulation filed a motion seeking no further action.

By Bruce Kelly
Finra censures Cetera for lax supervision of brokers' outside activities
ADVISOR NEWS INDEPENDENT BROKER DEALERS JUL 10, 2018
Finra censures Cetera for lax supervision of brokers' outside activities

Regulator also levies $200,000 fine, cites Cetera's failure to review rep's disclosures

By InvestmentNews
MassMutual offers active target-date funds managed by T. Rowe Price
ADVISOR NEWS RETIREMENT PLANNING JUL 10, 2018
MassMutual offers active target-date funds managed by T. Rowe Price

Tactical asset allocation funds will be available only in MassMutual-managed plans.

By InvestmentNews
Efforts to help gig economy workers save for retirement gaining ground
ADVISOR NEWS RETIREMENT PLANNING JUL 10, 2018
Efforts to help gig economy workers save for retirement gaining ground

Focus turns to helping contingent workers build balances, bolster security

By Hazel Bradford
Supreme Court nominee Brett Kavanaugh voted to strike down 'Merrill Rule'
ADVISOR NEWS REGULATION AND LEGISLATION JUL 10, 2018
Supreme Court nominee Brett Kavanaugh voted to strike down 'Merrill Rule'

Kavanaugh voted against "Merrill Rule" in 2007 D.C. Circuit Court of Appeals case.

By Mark Schoeff Jr.
Improved health outcomes can boost retirement savings
ADVISOR NEWS RETIREMENT PLANNING JUL 10, 2018
Improved health outcomes can boost retirement savings

Reducing health care costs frees up more money to be invested.

By Mary Beth Franklin
What's new in today's move to independence
RIAS PRACTICE MANAGEMENT JUL 10, 2018
What's new in today's move to independence

By Gillian Albert
Companies start paying employee student loan debt
RIAS PRACTICE MANAGEMENT JUL 09, 2018
Companies start paying employee student loan debt

The goal is usually described by employers as a way to attract and retain talent, but not all firms handle it the same way.

By Robert Steyer