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Ex-LPL broker sentenced to 8 years in prison for fraud
James Couture of Worcester, Massachusetts, had pleaded guilty in September to being involved in a scheme to steal $2.8 million from clients.
Finra keeps focus on Reg BI in 2023 exam report
In this year's report, the regulator also created a separate section under the heading of 'financial crimes,' which includes cybersecurity, anti-money laundering and manipulative trading.
Tontines are making a comeback and no, it’s not a movie
Offerings of the obscure, yet historically significant, financial product have been popping up in the global retirement marketplace of late.
The latest in financial #AdviserTech — December 2022
This month’s highlights include Savvy Wealth’s $11 million funding round to enter the realm of tech-enabled RIAs, along with DPL Partners’ new adviser-matching solution and InvestCloud’s Advisor Connect solution.
Former broker, insurance agent arrested in California on fraud charges
Gautam Arora allegedly defrauded four victims out of $100,000 to secure investments that didn't exist.
Morningstar adds Luma annuity technology to Advisor Workstation
The new annuity functionality will help advisers using Morningstar's workstations manage annuity transactions for their clients.
Senate approves bill to streamline regulatory paperwork for index-linked annuities
Supporters say the measure will help consumers grasp the product, a kind of variable annuity touted for its downside protection and used in retirement savings.
Lincoln Financial team managing $650 million moves to LPL
Financial House, a six-adviser group based in Centreville, Delaware, was established more than 30 years ago and is now in its second generation of owners.
Last chance to switch Medicare drug plans and save
Most beneficiaries who stay in their current plans will pay more in 2023, and Medicare open enrollment, which lets beneficiaries change plans, ends next week.
Annuity sales stay torrid in Q3 with help from banks
Bank sales propelled fixed-rate deferred and fixed-indexed annuity sales to hit record levels for the second consecutive quarter.
Retiree health care costs to rise despite Medicare premium decline
The one-year drop in premiums does not offset the overall inflation in health care costs.
How to identify the best annuity income options
There's increasing interest in employing annuities in retirement plans, but plan sponsors need to review the products carefully.
TAMPs and fee-based annuities headline first day of RIA Summit 2022
Turnkey asset management platforms can help advisers grow their practices, panelists say.
3 guaranteed-income strategies for an uncertain economy
Investors are clamoring for guaranteed-income strategies this year primarily due to an uncertain stock market and spiraling inflation.
LPL sees demand for yield products amid down market
Commission revenue for fixed-income investments and annuities increased in the third quarter at LPL.
Merger to create mega life insurance marketing organization
Libra Insurance Partners and Insurance Designers of America have agreed to merge.
Annuity sales soared again in third quarter
Total annuity sales rose 27% to $79.6 billion in Q3, Limra reported, while fixed-rate deferred annuity sales came in 159% higher than in the same quarter last year.
ETF would give retail access to catastrophe bonds
The ESG product would seek to expand disaster coverage and provide pricing transparency.
Lead broker-dealer seller of GWG L bonds sues its insurers
'No one is going to want to settle with broker-dealers over GWG claims until the bankruptcy is resolved,' an attorney said about the lawsuit filed by Emerson Equity.
Satisfaction down, regret up for insurance and annuity owners, says J.D. Power study
Customer satisfaction drops soon after life insurance and annuities are purchased according to a new survey.
