Industry News

Displaying 35348 results
Powell sees more rate hikes ahead
NEWS INDUSTRY NEWS JUN 21, 2023
Powell sees more rate hikes ahead

The timing of additional increases will be based on incoming data, Powell said in his opening statement.

By Bloomberg
Execs call for mandatory reporting of employee well-being metrics
NEWS RIAS JUN 21, 2023
Execs call for mandatory reporting of employee well-being metrics

Some 85% of C-suite executives believe that organizations should require mandatory reporting of well-being metrics, according to a study.

By Bloomberg
Alternativ raises $10 million as digitally native RIAs pick up steam
NEWS RIAS JUN 21, 2023
Alternativ raises $10 million as digitally native RIAs pick up steam

The funding will be used to continue developing the firm's technology and to grow its RIA, Alternativ Wealth, through acquisitions.

By Ryan W. Neal
Retiree health care cost estimate 'flat,' Fidelity says
NEWS RETIREMENT PLANNING JUN 21, 2023
Retiree health care cost estimate 'flat,' Fidelity says

For the first time in nearly a decade, anticipated health care costs for retirees were unchanged from the previous year's estimate.

By Gregg Greenberg
How retirees and pre-retirees can benefit from high interest-rate environment 
NEWS OPINION JUN 21, 2023
How retirees and pre-retirees can benefit from high interest-rate environment 

Clients can explore savings strategies and financial products with higher risk-free returns and alternative fixed-income investments.

By Mike DeKoning
Forget Advisor Group. It's now Osaic
NEWS BROKER DEALERS JUN 21, 2023
Forget Advisor Group. It's now Osaic

While the giant network of 11,000 brokers and advisors has announced its new name, the process of rolling its eight firms into one will take up to two years.

By Bruce Kelly
Carson Group adds $5 billion Northwest Capital Management
NEWS RIAS JUN 21, 2023
Carson Group adds $5 billion Northwest Capital Management

The firm, with offices in Portland, Oregon, and Seattle, offers both wealth management and retirement plan services.

By InvestmentNews
Ameritas rolls out pooled employer plan
NEWS RETIREMENT PLANNING JUN 21, 2023
Ameritas rolls out pooled employer plan

TRG Fiduciary Services will serve as plan provider, and LeafHouse Financial will select and monitor the PEP's investments.

By InvestmentNews
What advisors need to know about estate planning for LGBTQ couples, individuals
NEWS RETIREMENT PLANNING JUN 20, 2023
What advisors need to know about estate planning for LGBTQ couples, individuals

In the absence of proper estate planning, there's a risk that LGBTQ individuals' intentions may not be respected.

By Gregg Greenberg
ETF designed to climb along with interest rates adjusts in stride with Fed
NEWS RIAS JUN 20, 2023
ETF designed to climb along with interest rates adjusts in stride with Fed

FolioBeyond's Rising Rates ETF is being renamed the Alternative Income and Interest Rate Hedge ETF.

By Jeff Benjamin
Finra suspends financial advisor facing child sex charge
NEWS RIAS JUN 20, 2023
Finra suspends financial advisor facing child sex charge

Thomas Vernor is based in Huntsville, Alabama, and started in the securities industry in 1984 at Morgan Stanley Dean Witter.

By Bruce Kelly
T. Rowe launches its first transparent active equity ETFs
NEWS EQUITIES JUN 20, 2023
T. Rowe launches its first transparent active equity ETFs

The storied mutual fund complex was late to the exchange-traded fund game but has attracted $1 billion in ETF assets since launching its first suite of funds three years ago.

By Jeff Benjamin
UBS could get hit with hefty fines over Credit Suisse's dealings with Archegos
NEWS WIREHOUSES JUN 20, 2023
UBS could get hit with hefty fines over Credit Suisse's dealings with Archegos

The Federal Reserve’s fine over Archegos may be as high as $300 million, while the UK’s Prudential Regulation Authority could impose a penalty of up to $128 million.

By Bloomberg
LPL nabs advisor managing $325 million at Merrill Lynch
NEWS BROKER DEALERS JUN 20, 2023
LPL nabs advisor managing $325 million at Merrill Lynch

Christopher Coffin is opening a new firm, Coffin Financial Group, in Austin, Texas.

By InvestmentNews
Navigating ever-changing tax rules on IRAs
NEWS IRA ALERT JUN 20, 2023
Navigating ever-changing tax rules on IRAs

As laws and IRS guidance evolve, it’s crucial for advisors to stay on the leading edge of how inherited IRAs are affected.

By Ed Slott
Riding the new bull market wisely
NEWS RETIREMENT PLANNING JUN 20, 2023
Riding the new bull market wisely

Now is the time for advisors to act by nudging clients into actions that will have long-term positive consequences, especially when the market inevitably again turns down.

By InvestmentNews
More than just a number
NEWS RIAS JUN 19, 2023
More than just a number

Pay equity in the advisory industry might seem like a straightforward proposition. It isn’t.

By Joanne Cleaver
How advice standards have converged 3 years into Reg BI
NEWS REGULATION AND LEGISLATION JUN 19, 2023
How advice standards have converged 3 years into Reg BI

While the SEC is working to put teeth into Regulation Best Interest, questions remain about how it’s working in practice.

By Mark Schoeff Jr.
Finra bars advisor who focused on special needs
NEWS BROKER DEALERS JUN 16, 2023
Finra bars advisor who focused on special needs

Andrew Komarow was featured in InvestmentNews in May 2021 for his focus on understanding special-needs financial planning.

By Bruce Kelly
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC
NEWS RIAS JUN 16, 2023
BlackRock bitcoin ETF has crypto fans wondering about change of course at SEC

Given the three dozen others that have filed for a bitcoin ETF without success, ETF watchers are wondering if BlackRock has an inside track to gain approval.

By Jeff Benjamin