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Wells Fargo to Pay Nearly $1M to Ex-Credit Suisse Broker in Deferred Comp Row
Anthony A. Dertouzos, a top-ranked broker who manages over $5 billion, accused Wells of aiding and abetting Credit Suisse in stealing his... Read more »Published: May 24, 2022 - 2:46 pm - ●
Major Outflows Hit Most Asset Classes as Recession Woes Mount
Investors fled most major asset classes in the past week, with US equities and Treasuries a rare exception to the massive exodus,... Read more »Published: May 24, 2022 - 1:40 pm - ●
How 401k Plan Sponsors Can Help Employees Look Forward To Retirement
This doesn’t mean you shoot haphazardly for the stars when you can have the moon. After all, you’ve got to know your... Read more »
Published: May 24, 2022 - 4:05 am JPMorgan Plans to Hire 1,300 More Advisors Over Next Three Years
JPMorgan Chase & Co. plans to hire about 1,300 advisors over the next three years as part of a strategy to boost... Read more »Published: May 23, 2022 - 9:25 pmFinra Advances Revised Proposal to Reform Broker Expungement Process
The industry’s self-regulatory organization did not provide further details about the revisions, which were approved by the Finra board at a May... Read more »Published: May 23, 2022 - 6:06 pmRecession threat takes center stage
Financial advisers scramble to keep clients on track as markets drive lower, inflation climbs and an economic slowdown seems unavoidable. The post... Read more »
Published: May 23, 2022 - 5:36 pmFiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/20/22
More IRAs, fiduciary mush, and fee déjà vu all over again. The post FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending... Read more »
Published: May 23, 2022 - 4:03 amA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
(Bloomberg) -- The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.Americans’ collective net… Read More The... Read more »Published: May 22, 2022 - 11:52 pmFirst Republic to Pay $1.8M to Settle SEC Charges over Revenue Sharing Violations
First Republic Bank’s RIA business allegedly failed to disclose revenue received by its affiliated broker-dealer for clients invested in certain mutual fund... Read more »Published: May 20, 2022 - 6:02 pmRockefeller Opens Seattle Office with $5.2-Mln Morgan Stanley Team
The three-broker team, operating out of the wealthy Seattle suburb of Bellevue, Washington, managed $1.2 billion at Morgan Stanley, according to a... Read more »Published: May 20, 2022 - 5:16 pmMorgan Stanley’s Parametric moves the wirehouse into ETF management
Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator... Read more »
Published: May 20, 2022 - 3:56 pmNo longer ‘annuicide’: How insurance products are reaching the fee-based channel
RIA Lab session looks at the insurance industry's evolution toward providing custodial-like relationships with advisers. The post No longer ‘annuicide’: How insurance... Read more »
Published: May 20, 2022 - 3:20 pmWells Fargo Advisors to Pay $7 Million Over Anti-Money Laundering Lapses: SEC
The firm, which settled a similar case for $3.5 million in 2017, delayed filing at least 34 suspicious activity reports tied to... Read more »Published: May 20, 2022 - 2:50 pmPenny Stock Surges After Fidelity Legend Lynch Reveals Stake
The former Fidelity Magellan fund manager revealed on Wednesday that he had taken a 5.2% stake in Imac Holdings Inc., a provider... Read more »Published: May 19, 2022 - 9:51 pmFirst Republic and UBS Pluck Managers from J.P. Morgan Advisors on Both Coasts
The departing regional directors, Jason Stanco in New York and Stephen McCashin in San Francisco, are serving out garden leaves before joining... Read more »Published: May 19, 2022 - 6:33 pmConsumer groups call for SEC probe of RIAs’ use of mandatory arbitration
RIAs aren't adequately disclosing arbitration clauses in client contracts and are forcing clients into expensive dispute forums, the groups said. The post... Read more »
Published: May 18, 2022 - 6:53 pmSEI plants its flag in ETF land with factor-based strategies
The four exchange-traded funds are well-timed given the current market environment. The post SEI plants its flag in ETF land with factor-based... Read more »
Published: May 18, 2022 - 4:14 pmMariner buys $612 million Michigan RIA
The deal for Emerson Wealth, which is based in Bloomfield Hills, gives Mariner its second office in the Detroit area. The post... Read more »
Published: May 18, 2022 - 3:07 pmThinking about selling your RIA firm? Recent sellers share 3 key considerations
Perhaps the biggest concern for RIAs contemplating a sale is how it would affect their employees and clients. The post Thinking about... Read more »
Published: May 18, 2022 - 12:20 pm3 Retirement Risks 401k Participants Need To Know About But Don’t
When it comes to retirement anxiety, it’s best to set aside all those matters that fall outside your ability to manage. You... Read more »
Published: May 17, 2022 - 4:05 amFiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/13/22
IRAs aplenty and down markets generate lots of you know what. The post FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending... Read more »
Published: May 16, 2022 - 4:03 amSEC bars Michigan adviser who stole $314,000 from elderly client
Steven F. Muntin, 57, had his own independent RIA, Executive Asset Management Inc., which had $26 million in client assets, according to... Read more »
Published: May 13, 2022 - 5:24 pm2022 is ‘slower year’ for RIA M&A: CI Financial’s MacAlpine
'We’ve absolutely slowed down the pace of the acquisitions,' the CEO said Thursday morning on CI Financial's first-quarter earnings call. The post... Read more »
Published: May 12, 2022 - 5:53 pmRaymond James rolls out new option for fee-only advisers
The firm’s Corporate Registered Investment Advisor model provides support and resources for independent adviser representatives who are exclusively fee-based. The post Raymond... Read more »
Published: May 12, 2022 - 4:41 pmCI Private Wealth applies for trust company charter in South Dakota
The move will allow CI Financial to provide trust solutions to high-net-worth and ultra-high-net-worth clients. The post CI Private Wealth applies for... Read more »
Published: May 10, 2022 - 7:13 pmCarson acquires $800 million team in Connecticut
Karn Couzens & Associates is based in Farmington and led by Robert A. Karn and Jeffrey P. Couzens. The post Carson acquires... Read more »
Published: May 10, 2022 - 5:37 pmA Purpose-Driven Retirement Shifts Pre-Retirement Anxiety To Post-Retirement Bliss
Therein lies the twist to this tale. Once you cross the threshold of retirement, the anxiety quickly melts away. How can this... Read more »
Published: May 10, 2022 - 4:03 amAs market sell-off continues, financial advisers are searching for answers
Advisers are hoping the worst is over and trying to keep clients focused on the long term. The post As market sell-off... Read more »
Published: May 9, 2022 - 3:00 pmMerit Financial Advisors’ latest deal establishes presence in Oklahoma
The acquisition of $370 million Union Financial Advisors, based in Tulsa, marks Merit's sixth deal since taking private equity capital two years... Read more »
Published: May 9, 2022 - 1:00 pmFiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/6/22
Of all the problems, the DOL chooses to focus on this one, why fiduciaries hate change, and investment reality bites. The post... Read more »
Published: May 9, 2022 - 4:03 am
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Betterment reveals that it now owns Seattle crypto firm and that it will be a 'centerpiece,' yet the deal timing means it could be a 'big blunder,' Morningstar analyst says
The New York City robo-advisor closed Makara deal in March, skipped any PR, and will Betterment-ize it for Summer launch; never mind... Read more »Published: May 24, 2022 - 3:04 pm - ●
Wells Fargo to Pay Nearly $1M to Ex-Credit Suisse Broker in Deferred Comp Row
Anthony A. Dertouzos, a top-ranked broker who manages over $5 billion, accused Wells of aiding and abetting Credit Suisse in stealing his... Read more »Published: May 24, 2022 - 2:46 pm - ●
Major Outflows Hit Most Asset Classes as Recession Woes Mount
Investors fled most major asset classes in the past week, with US equities and Treasuries a rare exception to the massive exodus,... Read more »Published: May 24, 2022 - 1:40 pm - ●
How 401k Plan Sponsors Can Help Employees Look Forward To Retirement
This doesn’t mean you shoot haphazardly for the stars when you can have the moon. After all, you’ve got to know your... Read more »
Published: May 24, 2022 - 4:05 am TIFIN raised $109 million at unicorn-like valuation to deliver 'single largest data platform for the world of wealth and investments' -- would deliver 'embedded' products through super apps in micro-capsules
The Colo. firm just sold 14% of its conglomerate based on an eye-popping valuation to keep up with rising cash burn and... Read more »Published: May 23, 2022 - 10:18 pmJPMorgan Plans to Hire 1,300 More Advisors Over Next Three Years
JPMorgan Chase & Co. plans to hire about 1,300 advisors over the next three years as part of a strategy to boost... Read more »Published: May 23, 2022 - 9:25 pmFinra Advances Revised Proposal to Reform Broker Expungement Process
The industry’s self-regulatory organization did not provide further details about the revisions, which were approved by the Finra board at a May... Read more »Published: May 23, 2022 - 6:06 pmFiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending 5/20/22
More IRAs, fiduciary mush, and fee déjà vu all over again. The post FiduciaryNews.com Trending Topics for ERISA Plan Sponsors: Week Ending... Read more »
Published: May 23, 2022 - 4:03 amA $5 Trillion ‘Wealth Shock’ Is Cracking Americans’ Nest Eggs
(Bloomberg) -- The world’s richest nation is waking up to an unpleasant and unfamiliar sensation: It’s getting poorer.Americans’ collective net… Read More The... Read more »Published: May 22, 2022 - 11:52 pmFirst Republic to Pay $1.8M to Settle SEC Charges over Revenue Sharing Violations
First Republic Bank’s RIA business allegedly failed to disclose revenue received by its affiliated broker-dealer for clients invested in certain mutual fund... Read more »Published: May 20, 2022 - 6:02 pmRockefeller Opens Seattle Office with $5.2-Mln Morgan Stanley Team
The three-broker team, operating out of the wealthy Seattle suburb of Bellevue, Washington, managed $1.2 billion at Morgan Stanley, according to a... Read more »Published: May 20, 2022 - 5:16 pmWells Fargo Advisors to Pay $7 Million Over Anti-Money Laundering Lapses: SEC
The firm, which settled a similar case for $3.5 million in 2017, delayed filing at least 34 suspicious activity reports tied to... Read more »Published: May 20, 2022 - 2:50 pmRaymond James introduces channel No. 4, a user-friendly RIA model after its three current channels -- IBD, RIA and captive -- make negligible net recruiting advances
After modest gains in headcount, the St. Petersburg, Fla. broker dealer is adding a plug-and-play corporate RIA channel for advisors who don't... Read more »Published: May 20, 2022 - 12:54 pmPenny Stock Surges After Fidelity Legend Lynch Reveals Stake
The former Fidelity Magellan fund manager revealed on Wednesday that he had taken a 5.2% stake in Imac Holdings Inc., a provider... Read more »Published: May 19, 2022 - 9:51 pmAllianz to Sell U.S. Fund Management Unit to Voya After SEC Ban
Voya Investment Management will add about $120 billion of assets under management as well as some investment teams. ... Read more »
Published: May 19, 2022 - 9:46 pmStock Selloff May Be Entering a New Phase
Wednesday's selloff had two particular characteristics that distinguished it from the recent market moves. Related StoriesStocks Sink on Earnings, Growth Fears - EnclosureGoldman... Read more »
Published: May 19, 2022 - 9:24 pmDebate: Should Congress End ETFs' Preferential Tax Treatment?
Two professors discuss ending ETF managers' use of "in-kind transactions," which avoid triggering capital gains tax liability. Related StoriesBonds May Be Down, But... Read more »
Published: May 19, 2022 - 9:11 pmLife Insurance and Unclaimed Property
The fact that a policy exists does not mean that the beneficiaries know the policy exists. Related StoriesLife Application Activity Cools Again -... Read more »
Published: May 19, 2022 - 9:00 pmHow the Life and Annuity Product Gameboard Looks Now
Here are six things to know about the the indexes, the menus and the tech. Related StoriesGood Financial Habits Built During Pandemic May... Read more »
Published: May 19, 2022 - 8:48 pmRoth IRA Conversions: Is Now a Good Time?
Converting in a down market can minimize the tax hit, but there are a few details to consider carefully. Related StoriesDebate: Should Employers... Read more »
Published: May 19, 2022 - 8:24 pmJune Court Date Set for Suspect in BofA Exec Michelle Avan's Killing
The next hearing for Anthony Duwayne Turner will be June 17, according to the L.A. Superior Court. Related StoriesRetirement Pros Take On Inflation,... Read more »
Published: May 19, 2022 - 8:05 pm5 Top Insurance Money Managers
Firms like BlackRock, Goldman Sachs and J.P. Morgan are managing hundreds of billions of dollars of insurers' assets. Related StoriesStock Volatility Is Not... Read more »
Published: May 19, 2022 - 7:57 pmDOL Provides Fiduciary Rule Update
Meanwhile, Labor had an "interesting conversation" with Fidelity on its new Bitcoin 401(k) offering, EBSA head Ali Khawar says. Related StoriesRetirement Pros Take... Read more »
Published: May 19, 2022 - 7:32 pmAllianz Fund Managers' Paydays Could Be Followed by Prison
Prosecutors say Tournant told investors safety was his top priority but secretly took undisclosed risks, resulting in fraud that cost them $7... Read more »
Published: May 19, 2022 - 7:23 pmUBS Adds BNY Mellon Model Portfolios to Platform: Tech Roundup
Also, Invesco teamed with Cerulli Associates to launch a benchmarking index based on Cerulli data. Related StoriesRetirement Pros Take On Inflation, 4% Rule... Read more »
Published: May 19, 2022 - 7:22 pmFirst Republic and UBS Pluck Managers from J.P. Morgan Advisors on Both Coasts
The departing regional directors, Jason Stanco in New York and Stephen McCashin in San Francisco, are serving out garden leaves before joining... Read more »Published: May 19, 2022 - 6:33 pmHow Raymond James Quietly Launched a Corporate RIA Option
Three firms have been testing the program since 2021, Private Client Group President Scott Curtis tells ThinkAdvisor. Related StoriesRetirement Pros Take On Inflation,... Read more »
Published: May 19, 2022 - 6:32 pm12 Biggest Robo-Advisors by AUM: Q1 2022
Protections against rising inflation defined winning portfolios in the first quarter, Backend Benchmarking's David Goldstone says. Related Stories11 Good Stocks That Are Cheap... Read more »
Published: May 19, 2022 - 6:26 pmAdvisor Group Buys $30B Broker-Dealer Infinex
Infinex Financial has 750 financial professionals working with roughly 230 community-based bank and credit unions nationwide. Related StoriesRetirement Pros Take On Inflation, 4%... Read more »
Published: May 19, 2022 - 2:54 pmRetirement Pros Take On Inflation, 4% Rule at Morningstar
Christine Benz, David Blanchett and Karsten Jeske discussed questions like whether retirees should spend less in a down market. Related StoriesStocks Sink on... Read more »
Published: May 18, 2022 - 10:44 pm
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