News

Senate confirms Peirce, Crenshaw as SEC members

Peirce was reappointed to a Republican seat; Crenshaw fills a Democratic slot

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State Attorneys General, Fiduciary Advocates Say DOL Fiduciary Proposal Falls Short

The rush of comment letters comes on the final day of the comment period for the Labor Department's new proposal to replace the Obama administration's vacated fiduciary rule.

State Attorneys General, Fiduciary Advocates Say DOL Advice Proposal Falls Short

The rush of comment letters comes on the final day of the comment period for the Labor Department's new proposal to replace the Obama administration's vacated fiduciary rule.

Merrill Lynch launches new practice management program to rev growth

The initiative is intended to help advisors manage increasingly large and complex teams.

WealthTech Winners Circle Podcast: A Disrupter in the Wealth Management Tech Industry

Oleg Tishkevich, CEO of INVENT.us., explains how Cloud Native can take advisors into the next level of coordination, integration, simplification and workflow automation.

Fintech finally making data analytics useful for advisors

Envestnet’s new Insights Solution provides a look into client spending to surface new planning opportunities.

Tyrone Ross named CEO of Reality Shares’ crypto investing startup

The fintech’s new executive says cryptocurrency will help communities that the financial services industry isn’t serving.

Charles Schwab to adopt TD Ameritrade’s trading, rebalancing tech

The brokerage plans to integrate the popular thinkorswim, thinkpipes and iRebal tools

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DOL denies requests to extend comment deadline on advice proposal

Sen. Murray says agency is ‘charging ahead recklessly’ and could cost retirement savers billions

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Focus Revenues Grow Nearly 4% Over Past Year on M&A Activity

Focus attributes the growth to three RIA acquisitions as well as 15 subacquisitions it made on behalf of its partner firms over the past year.  

Clients appreciate phone calls now more than ever: Survey

Advisers who made calls during the COVID-19 crisis have more satisfied clients than those who sent form emails

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Goldman says COVID-19 vaccine approval could upend markets

Such a scenario could "challenge market assumptions both about cyclicality and about eternally negative rates," according to strategists.

Renaissance hedge funds see red in 2020 while market turns green

The firm has struggled to make money this year amid the market volatility sparked by the COVID-19 pandemic.

Tough sledding for equity funds in COVID-19’s wake: Cerulli

The forecast has stock funds losing share to bonds and money markets funds over the next five years

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Bringing Charitable Fiduciaries Up to Speed

Too many are still focused on capital growth of foundations rather than their charitable purpose.

Senate Approves SEC Nominees Crenshaw, Peirce in Voice Vote

The full Senate vote was the last step in the SEC nominations for Caroline Crenshaw and current Commissioner Hester Peirce.

Senate Committee Approves SEC Nominees Crenshaw, Peirce

The SEC nominations for Caroline Crenshaw and current Commissioner Hester Peirce will now go to a full Senate vote, not yet scheduled. Crenshaw seeks to fill the seat vacated by Robert Jackson Jr.

HSA Provider Lively Adds Automated Investing, Access to DFA Fund

The direct-to-consumer HSA provider partnered with Devenir to give consumers access to automated investing features.

LPL Financial Recruits $200M Team From Northwestern Mutual

San Diego-based advisors Scott Dudley and David McQuade align with Financial Advocates, one of LPL Financial’s largest offices of supervisory jurisdiction.

Have Bonds Broken to the Up Side?

The TLT fund’s pattern seems to say ‘yes.’