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Time to assess how Covid has affected retirement
As the country begins to reopen for business, advisers may want to take stock of a year that altered the retirement plans of millions of Americans.
Buckingham’s Hartman on pros and cons of remote work
The president of the $16 billion RIA told attendees at the InvestmentNews Women Adviser Summit that that it's too early to guess when things will get back to normal.
Roaring Kitty and phishing attacks expose cyber headaches for IBDs
Firm leaders understand the cybersecurity threat is real. But have broker-dealers taken appropriate precautions to protect advisers and their clients?
IRS delays tax deadline to mid-May
The change comes after calls from accountants and leaders in Congress to delay the due date as new legislation and pandemic-related work changes disrupt taxpayer plans.
Building a resilient advisory business for the post-pandemic world
Is the advisory industry capable of continuing the transformation that began during the pandemic in order to shape its next phase?
When retirement money is tied up in a business, closing hurts
Small-business owners across industries who are nearing retirement have said they are worried about their financial security.
Advisers scramble to make sense of recent market volatility
As broad market indexes continue to decline, giving back most of the gains they've made so far this year, advisers say clients are growing fearful of a repeat of March 2020.
Fidelity talking to local officials about vaccine distribution
Local governments have begun reaching out to Fidelity to explore a potential role to assist with the logistics of distributing the vaccines, according to a spokesperson.
How the pandemic highlights diversity challenges in financial services
Speakers at Women in Asset Management summit say diversity and inclusion efforts can begin anywhere.
Focus Financial sees another bang-up year for RIA M&A in 2021
'Our pipeline is excellent,' said CEO Rudy Adolf during a conference call Thursday morning. 'Quite frankly, in many ways, we are busier than ever.'
Surprise tax bills, credits await as IRS filing season begins
Some people could benefit from filing quickly this tax season, as Congress works on another round of stimulus checks, while others may benefit from holding off.
CFP Board schedules exam for March
The CFP exam will again include a remote proctoring option for eligible candidates.
Women’s retirement plans torpedoed by COVID
Nearly three-quarters of women with investible assets of $100,000 or more say the pandemic has negatively impacted their ability to retire, but as that is happening, more women are turning to financial professionals for advice, according to a Nationwide survey.
BDC sales tank in 2020 after product performs poorly
Broker-dealers sold just $362.3 million in nontraded BDCs last year, the least since 2010, which was the year after the first product was launched, according to Robert A. Stanger & Co. Inc.
UBS adviser count dips as wealth management results roar
Record profitability in wealth management in the Americas was driven by growth in loans, separately managed accounts and adviser productivity, the company said.
National Securities received $5.5 million PPP loan last year
The loan program was aimed at buoying businesses with less than 500 employees; while National Securities surpassed that number of reps and advisers, those were not employees, but rather independent contractors.
Finra examines reps taking PPP loans for potential violations
Finra is concerned that some reps are receiving federal financial support connected to work they’re doing outside of their brokerage jobs. Its exams are not part of a sweep; they target individual reps who received loans.
Wall Street skimps on compensation despite pandemic windfall
Investment banks saw a rise in revenue per employee last year, but that doesn't seem to have translated into big rewards for workers.
Now that Wells Fargo has a plan, what’s in it for advisers?
CEO Charlie Scharf is making classic changes to streamline and reduce costs at Wells Fargo's Wealth and Investment Management unit, which houses Wells Fargo Advisors.
Target-date fund 2020 sales in red as CITs rose, older workers fled: Report
Overall, the retirement savings products bled $6.7 billion, marking the first such instance of negative net sales since Morningstar began tracking them in 1994, the ratings and research firm reported this week.
