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CFRA bulks up ETF research with acquisition of First Bridge
ETFS AUG 05, 2019
CFRA bulks up ETF research with acquisition of First Bridge

The deal gives the investment research firm its own source of ETF data.

By Jeff Benjamin
Recession indicator pushed to highest alert since 2007
REGULATION AND LEGISLATION AUG 05, 2019
Recession indicator pushed to highest alert since 2007

The move follows reports that China is responding to U.S. president's threat of more tariffs.

By Bloomberg
Wall Street reactions to China trade escalation marked by fear, uncertainty
INDUSTRY NEWS AUG 05, 2019
Wall Street reactions to China trade escalation marked by fear, uncertainty

'A deeper wound in the global economy that the market is suffering right now,' says one investor.

By Bloomberg
New York best interest rule for annuity, life insurance sales upheld by state court
LIFE INSURANCE AND ANNUITIES AUG 05, 2019
New York best interest rule for annuity, life insurance sales upheld by state court

Regulation's language is similar to that of the Department of Labor's fiduciary rule.

By Greg Iacurci
Advisers say go for the gold as the perfect hedge for trade-war fears
RIAS AUG 05, 2019
Advisers say go for the gold as the perfect hedge for trade-war fears

Gold was up nearly as much as the S&P 500 was down in mid-day trading Monday.

By Jeff Benjamin
$700 million firm founded during Depression joins Pennsylvania-based B-D
INDUSTRY NEWS AUG 05, 2019
$700 million firm founded during Depression joins Pennsylvania-based B-D

End of an era: Sweney Cartwright will operate as the Columbus, Ohio, branch office of Boenning & Scattergood Inc.

By InvestmentNews
Is a recession coming? Yield curve signals loudest warning since 2007
EQUITIES AUG 05, 2019
Is a recession coming? Yield curve signals loudest warning since 2007

Rates on 10-year notes sank like a stone Monday, erasing the surge that followed President Donald J. Trump's 2016 election.

By Bloomberg
Tech to help advisers plan for more years of healthcare costs in retirement
RETIREMENT PLANNING AUG 05, 2019
Tech to help advisers plan for more years of healthcare costs in retirement

Helping clients manage money through longer lifespans is an increasing concern.

By Ryan W. Neal
New DOL advice rule must factor in reality of aging investors
RETIREMENT PLANNING AUG 03, 2019
New DOL advice rule must factor in reality of aging investors

More than any other client segment, older people rely on advisers to be their honest guide

By crain-api
Time to shift your hiring goal from 'culture-fit' to 'culture-add'
OPINION AUG 03, 2019
Time to shift your hiring goal from 'culture-fit' to 'culture-add'

As a firm owner or decision-maker, you have the power to make an impact on this profession.

By Rianka Dorsainvil
Former Fidelity broker barred over expense falsification
REGULATION AND LEGISLATION AUG 02, 2019
Former Fidelity broker barred over expense falsification

Orlando Vargas was reimbursed for computer equipment he never bought.

By InvestmentNews
Advisers resist SECURE Act provision to limit inherited IRAs
RETIREMENT PLANNING AUG 02, 2019
Advisers resist SECURE Act provision to limit inherited IRAs

Provision would pay for other aspects of retirement-savings bill.

By Mark Schoeff Jr.
Finra bars former Edward Jones rep involved in expense investigation
INDUSTRY NEWS AUG 02, 2019
Finra bars former Edward Jones rep involved in expense investigation

Beth Hamilton refused to appear at a hearing looking into inaccurate reimbursements.

By InvestmentNews
Hybrid managing $180 million switches from Ameriprise to LPL
INDUSTRY NEWS AUG 01, 2019
Hybrid managing $180 million switches from Ameriprise to LPL

Signet Strategic Wealth Management is based in Westlake Village, Calif.

By InvestmentNews
Former Trump lawyer suing Envestnet Yodlee
FINTECH AUG 01, 2019
Former Trump lawyer suing Envestnet Yodlee

Marc Kasowitz's client, FinApps, claims Envestnet Yodlee stole its credit risk assessment technology.

By Ryan W. Neal
Former United Capital employee sues firm for racial discrimination
REGULATION AND LEGISLATION AUG 01, 2019
Former United Capital employee sues firm for racial discrimination

Tracey Chung says supervisor publicly humiliated her because of her Asian descent.

By Mark Schoeff Jr.
New York RIA head sentenced to 13 years for Ponzi scheme
RIAS AUG 01, 2019
New York RIA head sentenced to 13 years for Ponzi scheme

Court also orders Hector May to pay $8.4 million in restitution.

By InvestmentNews
SEC charges Commonwealth Financial with conflicts of interest in revenue-sharing agreement
REGULATION AND LEGISLATION AUG 01, 2019
SEC charges Commonwealth Financial with conflicts of interest in revenue-sharing agreement

Firm's agreement with Fidelity's National Financial Services allegedly forced clients into more expensive share classes.

By Jeff Benjamin
Fed rate cut 'locked in' despite good economy
INDUSTRY NEWS JUL 31, 2019
Fed rate cut 'locked in' despite good economy

Uncertainty looms over how much opposition even a quarter-point cut will face and how much the U.S. economy is likely to slow.

By Bloomberg
Flood of RIA sales pushes industry toward a buyer's market
RIAS JUL 31, 2019
Flood of RIA sales pushes industry toward a buyer's market

Record M&A activity in the second quarter is seen as just the beginning.

By Jeff Benjamin