Industry News

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A stock trader's guide to the global COVID-19 vaccine rollout
NEWS INDUSTRY NEWS DEC 14, 2020
A stock trader's guide to the global COVID-19 vaccine rollout

With multiple vaccine types, the distribution chains involve hundreds of businesses and thousands of employees around the world

By Bloomberg
RIAs see business go south
NEWS RIAS DEC 14, 2020
RIAs see business go south

Large registered investment advisers in the Northeast have watched their assets diminish in 2020, even as the broader market reached fresh highs

By Bruce Kelly
Advisers must examine college savings strategies to get clients to their goals
NEWS OPINION DEC 14, 2020
Advisers must examine college savings strategies to get clients to their goals

Schooling remains crucial for career prospects, but with tuition sky high many parents are questioning college savings and the value of an education

By InvestmentNews
How is your team doing?
NEWS PRACTICE MANAGEMENT DEC 14, 2020
How is your team doing?

The single greatest risk facing employees right now may be mental health, and leaders can do a lot to institute a healthy work-life balance

By George Moriarty
DOL limits retirement-plan proxy votes to those affecting financial returns
NEWS RETIREMENT PLANNING DEC 11, 2020
DOL limits retirement-plan proxy votes to those affecting financial returns

The move could curb shareholder actions related to sustainable investing

By Mark Schoeff Jr.
State Street looking at options for asset management unit
NEWS INDUSTRY NEWS DEC 11, 2020
State Street looking at options for asset management unit

The company has evaluated potential combinations with the asset management operations of rivals

By Bloomberg
Adviser moves are hopping as 2020   — finally — comes to a close
NEWS OPINION DEC 11, 2020
Adviser moves are hopping as 2020 — finally — comes to a close

Advisers are dashing for the door before the end of an eventful year turned upside down by COVID-19

By Bruce Kelly
Spouting Rock quadruples AUM with Penn Capital acquisition
NEWS INDUSTRY NEWS DEC 11, 2020
Spouting Rock quadruples AUM with Penn Capital acquisition

The asset management firm is looking to roll up boutique asset managers onto a single platform

By Jeff Benjamin
How much are nontraded REITs really worth?
NEWS OPINION DEC 10, 2020
How much are nontraded REITs really worth?

Advisers don't like it when REIT valuations bounce all over the place

By Bruce Kelly
Lawmakers want SEC to clarify how brokers can hold digital securities
NEWS REGULATION AND LEGISLATION DEC 10, 2020
Lawmakers want SEC to clarify how brokers can hold digital securities

The lack of guidance on custody is slowing the adoption of cryptographically based assets, experts say

By Mark Schoeff Jr.
Wells Fargo reps to jump higher 'hurdle' in 2021 pay grid
NEWS PRACTICE MANAGEMENT DEC 10, 2020
Wells Fargo reps to jump higher 'hurdle' in 2021 pay grid

The target to reach the higher payout will increase by $1,000 per month next year which could pinch adviser compensation

By Bruce Kelly
Raymond James buys 401(k) plan provider NWPS
NEWS RETIREMENT PLANNING DEC 10, 2020
Raymond James buys 401(k) plan provider NWPS

In an unusual move, a broker-dealer is picking up a plan administrator

By Emile Hallez
Indie managing $122 million switches to Cetera from LPL
NEWS BROKER DEALERS DEC 10, 2020
Indie managing $122 million switches to Cetera from LPL

Pierson Wealth Management is based in Santa Clarita, California

By InvestmentNews
Vestwell, Envestnet partner to create turnkey retirement plans
NEWS RETIREMENT PLANNING DEC 09, 2020
Vestwell, Envestnet partner to create turnkey retirement plans

Record keeping will be done by Vestwell, investing by Envestnet

By InvestmentNews
Broker-dealers at convergence of wealth and retirement
NEWS RIAS DEC 09, 2020
Broker-dealers at convergence of wealth and retirement

The recent RPA Convergence Broker-Dealer Roundtable and Think Tank highlighted opportunities and challenges.

By Fred Barstein
Social Security expert follows her own advice
NEWS TAX DEC 09, 2020
Social Security expert follows her own advice

I filed for my Social Security benefits online and you can, too

By Mary Beth Franklin
More than two-thirds of Americans faced financial setbacks in 2020: Fidelity
NEWS INDUSTRY NEWS DEC 09, 2020
More than two-thirds of Americans faced financial setbacks in 2020: Fidelity

Four in 10 Americans say they’ll be spending 2021 in 'survival mode' focusing on getting financially stable through next year

By Nicole Casperson
Retirement savings legislation can overcome gridlock, lawmaker says
NEWS RETIREMENT PLANNING DEC 09, 2020
Retirement savings legislation can overcome gridlock, lawmaker says

At a Senate hearing, a financial adviser and an insurance executive back small-business incentives and raising RMD age

By Mark Schoeff Jr.
Ray Dalio sees ‘flood of money’ with soaring asset prices
NEWS INDUSTRY NEWS DEC 09, 2020
Ray Dalio sees ‘flood of money’ with soaring asset prices

In Reddit Q&A, Dalio recommends 'smart diversification' among asset classes, currencies and countries

By Bloomberg
Paychex to offer pooled employer plan
NEWS RETIREMENT PLANNING DEC 09, 2020
Paychex to offer pooled employer plan

The payroll services giant’s program will start Jan. 1

By InvestmentNews