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Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’
PRACTICE MANAGEMENT MAR 10, 2020
Wells Fargo CEO tells lawmakers bank has ‘sense of urgency’

Charles Scharf told the House Financial Services Committee that the bank had a 'flawed business model' and that its 'culture was broken'

By Bloomberg
Fears over market drop could cause some to postpone retirement
RETIREMENT PLANNING MAR 10, 2020
Fears over market drop could cause some to postpone retirement

Survey of those nearing retirement shows many would opt to work longer

By Mary Beth Franklin
A fond and grateful farewell to Ladenburg Thalmann, and hello to new beginnings
OPINION MAR 10, 2020
A fond and grateful farewell to Ladenburg Thalmann, and hello to new beginnings

An open letter to the advisory industry from Richard Lampen and Adam Malamed

By Richard Lampen and Adam Malamed
SEC employees told to ‘telework’ given possible virus case
PRACTICE MANAGEMENT MAR 10, 2020
SEC employees told to ‘telework’ given possible virus case

The commission confirmed a worker at its Washington headquarters was treated for respiratory symptoms and was being tested for coronavirus

By Bloomberg
Market slide puts focus on companies’ balance sheets
EQUITIES MAR 10, 2020
Market slide puts focus on companies’ balance sheets

Stocks of companies with a lot of leverage could be hit hard if a credit crunch develops, analysts say

By Bloomberg
Alight, Estee Lauder settle case of plundered 401(k)
RETIREMENT PLANNING MAR 09, 2020
Alight, Estee Lauder settle case of plundered 401(k)

Thieves raided a retirement plan participant's account of $99,000, nearly emptying it

By Emile Hallez
Broker-dealers must stay on their toes amid coronavirus: Finra
PRACTICE MANAGEMENT MAR 09, 2020
Broker-dealers must stay on their toes amid coronavirus: Finra

B-Ds should consider having employees and advisers work remotely or from home due to the pandemic, regulator says

By Bruce Kelly
Loan provider adds 401(k) service for debt-weary workers
RETIREMENT PLANNING MAR 09, 2020
Loan provider adds 401(k) service for debt-weary workers

Retirement plan sponsors can now make contributions on behalf of employees who are paying down student loans

By Emile Hallez
Private equity firm takes stake in Beacon Pointe
RIAS MAR 09, 2020
Private equity firm takes stake in Beacon Pointe

The RIA also announced the acquisition of Ferrell Wealth Management

By InvestmentNews
Three blind wealth management execs and the demographic elephant
OPINION MAR 09, 2020
Three blind wealth management execs and the demographic elephant

One really big issue can have completely different meanings depending on an executive's viewpoint

By Steve Gresham
Wells Fargo’s chair quits ahead of Capitol Hill hearing
PRACTICE MANAGEMENT MAR 09, 2020
Wells Fargo’s chair quits ahead of Capitol Hill hearing

Betsy Duke is scheduled to appear before the House Financial Services Committee Wednesday

By Bloomberg
Stocks tumble on oil shock
EQUITIES MAR 09, 2020
Stocks tumble on oil shock

The news that the alliance containing global oil production disintegrated sent stocks plunging

By Bloomberg
Aon to purchase Willis Towers for $30 billion
LIFE INSURANCE AND ANNUITIES MAR 09, 2020
Aon to purchase Willis Towers for $30 billion

The deal will combine the world's second- and third-biggest insurance brokerages

By Bloomberg
Stocks plunge most since financial crisis
EQUITIES MAR 09, 2020
Stocks plunge most since financial crisis

The rout, spurred by tumbling oil prices and growing fear of the coronavirus, put the vitality of the longest-ever bull market in jeopardy

By Bloomberg
Millionaire millennials are real, so start servicing them now
INDUSTRY NEWS MAR 08, 2020
Millionaire millennials are real, so start servicing them now

Who will guide this unwanted cohort’s deceptively bright financial future?

By InvestmentNews
>> Get your advance copy of the new issue
INDUSTRY NEWS MAR 06, 2020
>> Get your advance copy of the new issue

By InvestmentNews
Betterment surpasses $22 billion AUM in 500,000 user accounts
RIAS MAR 06, 2020
Betterment surpasses $22 billion AUM in 500,000 user accounts

The digital adviser believes it remains on track toward its goal of going public

By Ryan W. Neal
Pershing's new custody pricing goes head-to-head with Schwab
RIAS MAR 06, 2020
Pershing's new custody pricing goes head-to-head with Schwab

The new fee models include a zero-transaction-fee structure and a monthly subscription option

By Emile Hallez
Private equity may not be right for HNW clients
OPINION MAR 06, 2020
Private equity may not be right for HNW clients

Most high-net-worth individuals would be better off investing in small-cap securities via mutual funds and ETFs

By Clark Kendall
Wells Fargo cuts outlook for brokerages amid outbreak
INDUSTRY NEWS MAR 06, 2020
Wells Fargo cuts outlook for brokerages amid outbreak

The report slashed share price estimates by 22% on average

By Bruce Kelly