The firm was more than five months late on average in filing suspicious activity reports involving wire transfers to and from foreign countries suspected of terrorism financing and other illegal money movements.
The post SEC orders Wells Fargo to pay $7 million for anti-money-laundering failures appeared first on InvestmentNews.
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The job interviews seemed designed to bolster Wells Fargo's record of its diversity efforts rather than actually hiring women or people of color, the New York Times reported.
The post Wells Fargo used fake job interviews to promote diversity: Report appeared first on InvestmentNews.
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Securian will serve as the pooled plan provider and ERISA 3(16) fiduciary, while Strategic Retirement will provide ERISA 3(38) investment management and consulting services.
The post Strategic Retirement Partners picks Securian for its PEP appeared first on InvestmentNews.
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Alerus serves as the designated 3(16) plan administrator and T. Rowe Price serves as record keeper.
The post IMA Wealth offers small-plan retirement program appeared first on InvestmentNews.
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Two filings show that Parametric is moving beyond its current focus on separate accounts and direct indexing to subadvise strategies for Innovator ETFs.
The post Morgan Stanley’s Parametric moves the wirehouse into ETF management appeared first on InvestmentNews.
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RIA Lab session looks at the insurance industry's evolution toward providing custodial-like relationships with advisers.
The post No longer ‘annuicide’: How insurance products are reaching the fee-based channel appeared first on InvestmentNews.
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Poppy Allonby, who will work out of T. Rowe’s London office, will oversee the company's ESG strategy at a high level.
The post T. Rowe nabs ESG exec from BlackRock appeared first on InvestmentNews.
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Global equity funds had $5.2 billion of outflows in the week to May 18, led by redemptions from mutual funds.
The post Mass outflows hit every asset class as recession fears climb appeared first on InvestmentNews.
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A roundup of quick news items for the weekend, along with a bit of commentary from yours truly.
The post Fintech Bytes: Fidelity, Riskalyze, Snappy Krakken appeared first on InvestmentNews.
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Software helps advisers incorporate clients' Medicare expenses into their retirement plans.
The post Convergence of health care costs and retirement planning appeared first on InvestmentNews.
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The three advisers, based in Spokane, Washington, will operate as Panorama Wealth Management of Raymond James.
The post Merrill team managing $409 million joins Raymond James appeared first on InvestmentNews.
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DOL acting assistant secretary Ali Khawar isn't reassured by the consumer safeguards included in Fidelity's Bitcoin offering for retirement plans.
The post DOL continues to have qualms about Fidelity’s crypto 401(k) product appeared first on InvestmentNews.
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Infinex Investments Inc. has 750 financial advisers at bank and credit union programs who control more than $30 billion in client assets.
The post Advisor Group to buy large bank broker appeared first on InvestmentNews.
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Mohamed El-Erian and Niall Ferguson are seeing echoes of the 1970s in today's market. Will the '70s strategies work in the 2020s?
The post Strategists see lower returns as economy mirrors 1970s appeared first on InvestmentNews.
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More people were saving for retirement in Q1, data show. Unfortunately, the market's sell-off caused them to lose money.
The post Retirement savings up in a down market, says Fidelity appeared first on InvestmentNews.
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Randall Pickett joins LPL’s employee channel. The Pickett Group of LPL Financial will be the second team to join the Linsco office in Dallas.
The post Oppenheimer rep managing $180 million joins Linsco appeared first on InvestmentNews.
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The chair of Gramercy Fund Management says stagflation is ‘worst thing’ for central banks.
The post El-Erian says US can’t avoid stagflation even as Fed tightens appeared first on InvestmentNews.
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Senate Majority Leader Chuck Schumer and fellow Democrats Elizabeth Warren and Raphael Warnock make appeal at White House.
The post Democrats push Biden to go big on forgiving student loan debt appeared first on InvestmentNews.
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The Fifth Circuit Court of Appeals said the agency's house of in-house judges violated a hedge fund manager's constitutional right to a jury trial.
The post Court ruling darkens constitutional cloud hanging over SEC judges appeared first on InvestmentNews.
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Investors with a minimum of $100,000 can receive financial planning and ongoing guidance from a dedicated financial adviser for an annual advisory fee ranging from 0.75% to 0.85%.
The post Digital brokerage Ally Invest launches human wealth management appeared first on InvestmentNews.
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