News

Reimagining Onboarding in a Virtual Environment 

Starting with Week 1, the challenge is not about the what, but the how.

Cash Deals Rising in RIA M&A

RIA valuations remain strong as cheap money brings more cash into the acquisition structure, according to M&A leaders Rush Benton of Captrust and Karl Heckenberg of Emigrant Partners.

Digital banking's explosive growth compounds cyber risks, FBI warns

Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices. The FBI stressed the importance of two-factor authentication and ensuring consumers know how to spot fake apps that carry malware.

Dow drops almost 7% on economy, virus fears

The stock market's rally came to a screeching halt Thursday amid worries about the economy and a second wave of coronavirus infections

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Creative Planning's Peter Mallouk on PPP Loans, Social Justice and Going Back to the Office

WealthManagement.com talked to Creative Planning CEO Peter Mallouk about why his firm had no need for a PPP loan and how he plans to increase employee diversity at one of the nation's largest independent RIAs.

Dream Forward Acquired as Retirement Plan Tech Consolidation Heats Up

Dream Forward was bought by Expand Financial, an existing business partner.

Securian taps 35-year veteran advisor to open and build new office

The insurer-owned IBD identifies leaders in target markets as it offers independence “with a hug,” according to its head of recruiting.

Tegra118 acquires retirement planning fintech RetireUp

The technology uses illustrations like charts and graphs to simplify financial concepts for clients

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Nothing Is Spared in Selloff as Stock Downtick Index Hits Record

The S&P 500 Index fell more than 4%, declining for a third straight day in the longest losing streak since early March.

Cetera Financial tightens its belt on staff compensation: Sources

The network of broker-dealers is said to have frozen merit pay bumps for staff until 2022

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401(k) savers pull back on account trading

After seeing median returns of -20% during the first quarter, participants did not make many trades in May, according to two reports

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Impact investing rides the waves of social unrest

Investors are happy with both the portfolio performance and the impact, according to a recent study

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Why Now’s an Ideal Time to Talk With Clients About Charitable Giving

Twelve questions to consider and discuss.

Trio managing $350 million at Merrill moves to Raymond James

Team joins employee unit of hometown firm in St. Petersburg, Fla.

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More companies weigh cutting 401(k) match in pandemic pinch

The average employer match was 4.3% of pay, according to a 2019 Vanguard report.

Robo Advisor User Base Set To Nearly Double by 2024

A new report predicts massive growth in both users and marketshare before the middle of the decade.

Advisors join protests over George Floyd's death. Will more follow?

“We started with 40 people just marching, and it turned into 15,000," an advisor says.

SagePoint censured and fined $300,000 over UITs

Finra says the Advisor Group unit failed to supervise early rollovers of unit investment trusts

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LPL offers plan to guarantee value of adviser’s business

The plan is designed to prevent financial disruption if an adviser dies or makes some other unexpected exit from the business

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Isn't This a Time When Active Managers Should Shine?

Despite favorable conditions for actively managed mutual funds, only a third outperformed their benchmark in the first four months of the year.