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Brokers sold GPB private placements using the worst tactics in Wall Street’s playbook
Client appreciation dinners are all well and good, but private suites at Madison Square Garden are clearly beyond the pale.
LPL updates branding message
'Your Greatness Is Our Goal' is the independent broker-dealer's new theme, referring to the value it brings to its advisers.
DC industry must cooperate to offer emergency savings accounts
The case for emergency savings accounts has always been compelling. When low- to moderate-income workers run into problems, they either take out loans or make hardship withdrawals, contributing to plan leakage. The pandemic only highlighted the issue.
Advisers, clients not on same page about guaranteed income: Survey
Last year’s market plunge and quick recovery appear to have changed the way people feel about the value of guaranteed lifetime income, Cannex found. In February 2020, 71% of people said they found guaranteed lifetime income highly valuable, but that figure had dropped to 63% by August.
Fidelity, Schwab donors set record for charitable giving in response to pandemic
Covid-19 also changed giving targets, as donors supported organizations that provided food and other necessities for people who experienced economic setbacks due to the outbreak.
AIG is seeing interest in life and retirement business
The company said that year that it would separate the life and retirement unit from its sprawling property-casualty operation, furthering the dismantling of the insurance giant.
Wells Fargo gets Fed nod for overhaul plan
Fed officials reportedly privately signaled the bank that they accept its proposal for overhauling risk management and governance, which would move Wells a step closer to getting the cap on its assets lifted.
Lots of choices for advisers looking to sell
The approaches of the different types of buyers vary, so it’s essential to know how they approach the process.
Pandemic prompts brokerages to seek relaxed in-person inspection requirements
Member firms and trade associations representing them told Finra their pandemic experience has shown that supervisors don’t need to look over the shoulders of registered reps physically to ensure they’re following the rules.
American Funds to chop fees, change management on five VA funds
The changes, which take effect May 1, mark the second time in a year that the company has significantly altered its insurance-series funds to make them match their better-known retail counterparts.
Power outages force advisers to leverage Covid-19 contingencies
Freezing temperatures and power outages have affected much of the country. The deadly winter weather is testing the limits of creativity as advisers fight to serve clients and stay warm.
OneDigital acquires manager of $1.3 billion in plan assets
With the deal for Atlanta Plan Partners, which oversees more than 130 retirement plans, OneDigital Investment Advisers will serve approximately 5,000 retirement plans.
Captrust adds $154 billion in plan assets with Cammack deal
The retirement plan aggregator's national footprint grows to more than $600 billion with the addition of Cammack Retirement Group, which serves more than 170 plan sponsors.
Team managing $270 million at UBS moves to Baird
The WillowPointe Group, a two-adviser, five-person team, joins in Cookeville, Tennessee.
Fiduciary redux: Don’t tinker with Reg BI
The client choice approach reflected in Reg BI is in fact the best approach for individual investors because every individual and family is unique when it comes to their wealth management needs and goals.
FSI advocacy priorities for 2021
For independent advisory firms and advisers, the Biden administration’s approach to regulation will be among the most consequential outcomes of the November elections.
Have You Found Investment Opportunities in the Pandemic?
The pandemic and wave of innovation have increased opportunities for investors to identify potential winners and losers of change.
Stalking a Social Security application decision
The application for benefits was submitted more than seven weeks earlier; persistence pays off in tracking down why the response took so long.
INmail: When to claim survivor benefits
If the goal is to collect the largest possible survivor benefit, wait until full retirement age to claim it.
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.
