News

Are FINRA expungement hearing costs about to skyrocket?

Yes, they’ll be going up in September — but not as much as you may have heard.

Bank of America Says Trading on Merrill Edge Spiked 180% in Q2

Bank of America executives Aron Levine and Cory Triolo announced that Merrill Edge added 300,000 new accounts in 2020 and has introduced a new interface called Idea Builder.

Day-trading millennials boost Merrill Edge self-directed investing volume 180%

Of the 330,000 new accounts opened this year, about a third were for clients 35 or younger.

SEC orders firm to pay $767,192 for share-class disclosure failures

Fresno, California-based SCF Investment Advisors took 12b-1 fees from mutual funds and revenue sharing from money market funds

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SEC orders firm to pay for share-class disclosure failures

Fresno, California-based SCF Investment Advisors took 12b-1 fees from mutual funds and revenue sharing from money market funds

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ICapital boosts access to alts for advisers with PGIM

PGIM is the latest asset manager to tap iCapital's technology to give advisers access to a wider range of alternative investments

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Hightower Advisors inks 5th M&A deal this year, hints more to come

The aggregator thinks it’s found a sweet spot sharing revenues with firms it acquires, says CEO Bob Oros.

Stifel hires $480M Wells Fargo team, opens new office

The advisors staff the regional BD’s 17th office in Michigan, where it has been on a recruiting streak.

ESG funds outperformed through pandemic, S&P finds

Since May, 14 ESG ETFs and mutual funds have pushed ahead of the S&P 500

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Voices: Clients shouldn't be trading fractional shares. Here's why

We need to let go of the idea that everyone should own and trade stocks. Some people are emotionally unfit to do so.

No plan to end payroll tax permanently, White House says

Trump has suggested getting rid of the taxes several times recently, a move that threatens the solvency of Social Security and Medicare

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Advisers might be warming to annuities: Report

This year's volatility has some near-retirees worried about protecting their assets, and the insurance products are one way of doing that

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Big Brother is watching traders at home for compliance slips

With employees working remotely, firms may need to adapt their procedures to deal with heightened fraud risks outside of company systems.

Coronavirus makes emergency funds look like a great idea

High unemployment, rising virus cases and the upcoming presidential election are causing clients to change their strategies, advisors say.

Taking the Mystery Out of Going Fee Only

The biggest threat to the independent broker/dealer space is the number of advisors going fee-only. Here are some of the costs and considerations for advisors taking that step.

Taking the Mystery Out of Going Fee-Only

The biggest threat to the independent broker/dealer space is the number of advisors going fee-only. Here are some of the costs and considerations for advisors taking that step.

LPL’s Andy Kalbaugh to retire in early 2021

The executive has led the firm's national sales and consulting

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A new fund wants to limit losses from the ultimate safe asset

Innovator ETFs, an asset manager, will debut its so-called buffer funds at a time when Treasury yields are hovering near historic lows and duration risk climbs.

LPL’s Consulting Head Andy Kalbaugh to Retire

LPL Financial's head of national sales and consulting Andy Kalbaugh will retire at the end of the first quarter 2021.

LPL’s Consulting Head, Andy Kalbaugh, to Retire

LPL Financial's head of national sales and consulting, Andy Kalbaugh, will retire at the end of the first quarter 2021.