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Reassessing the 2022 Medicare premium hike
RETIREMENT PLANNING JAN 27, 2022
Reassessing the 2022 Medicare premium hike

Advocates are urging the feds to lower the record hike in the Part B monthly premium for 2022 now that the price of a new Alzheimer's drug has been halved and its use is under review.

By Mary Beth Franklin
Total number of CFPs, women certificants reach new heights
PRACTICE MANAGEMENT JAN 26, 2022
Total number of CFPs, women certificants reach new heights

The CFP Board also touts last year's growth in Black and Hispanic mark holders, who still represent a small fraction of the CFP population.

By Mark Schoeff Jr.
Finra approves Winklevoss crypto exchange Gemini
ALTERNATIVES JAN 26, 2022
Finra approves Winklevoss crypto exchange Gemini

Now that it has broker-dealer status, Gemini Galactic Markets can operate an alternative trading system that will facilitate the trading of digital asset securities.

By InvestmentNews
Powell backs March liftoff, won't rule out hike every meeting
INDUSTRY NEWS JAN 26, 2022
Powell backs March liftoff, won't rule out hike every meeting

FOMC says “it will soon be appropriate to raise the target range for the federal funds rate.”

By Bloomberg
UBS buys Wealthfront for $1.4 billion in major push into US market
FINTECH JAN 26, 2022
UBS buys Wealthfront for $1.4 billion in major push into US market

The largest Swiss bank said the acquisition will accelerate its growth in America, broadening the firm’s reach to more mass-affluent investors.

By Sean Allocca
SEC officials urge firms to update compliance to cope with emerging technologies
FINTECH JAN 26, 2022
SEC officials urge firms to update compliance to cope with emerging technologies

The leaders of the agency's enforcement division talk about the message the SEC sent with a $125 million penalty for JPMorgan's failure to preserve text messages.

By Mark Schoeff Jr.
$2 billion in GWG junk bonds sold by advisers are under pressure
ALTERNATIVES JAN 26, 2022
$2 billion in GWG junk bonds sold by advisers are under pressure

GWG Holdings Inc., an investor in life settlements, missed $13.6 million in payments this month to investors in its L Bonds.

By Bruce Kelly
More DC plan lawsuits and settlements, from several litigators
RETIREMENT PLANNING JAN 26, 2022
More DC plan lawsuits and settlements, from several litigators

Law firms Miller Shah and Capozzi Adler have been busy filing cases against retirement plan sponsors, and that's been paying off for them.

By Emile Hallez
Massachusetts says Fidelity rubber-stamped options applications
ALTERNATIVES JAN 26, 2022
Massachusetts says Fidelity rubber-stamped options applications

Regulator's complaint details examples of repeated applications – in some instances as many as 13 in one month.

By InvestmentNews
Sudden market volatility has advisers preaching calm to newer investors
RIAS JAN 26, 2022
Sudden market volatility has advisers preaching calm to newer investors

As the next generation of investors comes on board, advisers are repeating the age-old mantra about not panicking in response to market swings.

By Jeff Benjamin
EP Wealth Advisors acquires $118 million RIA
RIAS JAN 26, 2022
EP Wealth Advisors acquires $118 million RIA

Klein Financial Advisors, a Newport Beach, California-based RIA, has a strong emphasis on serving women.

By InvestmentNews
UBS buying Wealthfront for $1.4 billion in cash deal
FINTECH JAN 26, 2022
UBS buying Wealthfront for $1.4 billion in cash deal

The acquisition will add more than $27 billion in assets under management and over 470,000 clients in the U.S., the bank said.

By Bloomberg
Goldman, Citi strategists say it’s now time to buy stocks
INDUSTRY NEWS JAN 26, 2022
Goldman, Citi strategists say it’s now time to buy stocks

'Any further significant weakness at the index level should be seen as a buying opportunity, in our view,' Goldman strategists say.

By Bloomberg
Finding confidence on the road to the future
OPINION JAN 26, 2022
Finding confidence on the road to the future

Advisers need to deal with fear in many aspects of their work, whether it's market volatility, the effects of the pandemic or their own concerns about breaking away from a wirehouse.

By Nate Lenz
BofA brings employees back to some U.S. offices as Covid cases decrease
PRACTICE MANAGEMENT JAN 25, 2022
BofA brings employees back to some U.S. offices as Covid cases decrease

As coronavirus conditions improve across the country, employees across major financial firms are being asked to come back.

By Bloomberg
Legislation could cut retirement savings gap by 25% or more: EBRI
RETIREMENT PLANNING JAN 25, 2022
Legislation could cut retirement savings gap by 25% or more: EBRI

The analysis found that a federal auto-IRA, improved Saver's Credit and other proposed changes would have a substantial impact on retirement preparedness.

By Emile Hallez
Gensler warns financial industry not to push into regulatory gray areas
PRACTICE MANAGEMENT JAN 25, 2022
Gensler warns financial industry not to push into regulatory gray areas

In a recent public appearance, the SEC chair addressed so-called 'regulation by enforcement' without mentioning it by name.

By Mark Schoeff Jr.
Galvin examining 'surprise' taxes on target-date funds
MUTUAL FUNDS JAN 25, 2022
Galvin examining 'surprise' taxes on target-date funds

The Massachusetts securities regulator's latest sweep targets the broker-dealers of the largest fund companies in the industry: Vanguard, Fidelity, T. Rowe Price, BlackRock and American Funds.

By Bruce Kelly
Southwestern Investment Group is latest RIA to partner with private equity
RIAS JAN 25, 2022
Southwestern Investment Group is latest RIA to partner with private equity

The Tennessee-based firm has sold a minority stake to Merchant Investment Management, citing the need to build scale in the fast-consolidating wealth management industry.

By Jeff Benjamin
LPL nabs $275 million Wells team
BROKER DEALERS JAN 25, 2022
LPL nabs $275 million Wells team

Pat Clifford and Tyler Lewis are opening their own firm in Texas and affiliating with LPL via Strategic Wealth Services.

By InvestmentNews